Report: LIV Golf’s financial crisis deepens as bankruptcy talks accelerate According to the Financial Times, LIV Golf is preparing for the possibility of a bankruptcy filing within days as it seeks backing for a reduced tournament schedule from 2027. Andy Roberts 31 Aug 2026 Share Joaquin Niemann Prefer GolfMagic on Google See our stories more often Add The Financial Times has reported that LIV Golf could seek bankruptcy protection as early as next week as the Saudi-backed circuit races to secure financing for a slimmed-down operation from 2027. According to people familiar with the negotiations cited by the Financial Times , LIV has begun approaching players about settlements covering guaranteed payments that extend beyond the end of the current season. Initial proposals are understood to have offered some golfers only a small proportion of the money they are contractually owed. The situation highlights the financial challenge confronting LIV after Saudi Arabia’s Public Investment Fund (PIF), which launched and has bankrolled the breakaway league for the last five seasons, pulled the plug on funding the league past this season. Scott O'Neil has been leading LIV Golf's efforts to survive beyond 2026 Article continues below ADVERTISEMENT Article continues below ADVERTISEMENT LIV Golf 's final tournament of 2026 took place in Indiana two weeks ago, a result of last week's scheduled Michigan Team Championship being cancelled. The Financial Times reports that LIV has spent recent weeks negotiating with the credit division of private capital firm BC Partners over potential financing. BC executives have attended recent LIV Golf tournaments as they assess the league’s prospects and discuss a possible restructuring with players. One proposal under consideration would involve a pre-packaged Chapter 11 bankruptcy, allowing LIV to restructure its existing obligations while establishing a new version of the circuit. Players could receive equity and other financial incentives in the proposed “LIV 2.0” in exchange for settling existing claims. Article continues below ADVERTISEMENT Article continues below ADVERTISEMENT However, securing sufficient support from leading players has proved difficult. Read Also Henrik Stenson gives verdict on LIV Golf after "turbulent" years LIV Golf pro to miss the rest of the season after undergoing back surgery Bryson DeChambeau People familiar with the situation told the Financial Times that golfers could ultimately fall into three broad groups: those who accept a settlement and join the revamped league; those who settle but choose not to continue with LIV; and those who reject the terms and pursue their contractual claims as unsecured creditors through bankruptcy proceedings. PIF is expected to provide less than $100 million in debtor-in-possession financing to support a potential Chapter 11 process, according to the report, but does not currently intend to provide further funding. The proposed new circuit would comprise about 10 tournaments around the world. Its players could face difficulties securing access to other competitions, however, with the DP World Tour warning that golfers could be fined or suspended for appearing in LIV events held during the same weeks as its tournaments. Article continues below ADVERTISEMENT Article continues below ADVERTISEMENT LIV chief executive Scott O’Neil has argued that golfers should not face restrictions on competing across different tours. The league’s accumulated tax losses are another potential attraction for investors. Jon Rahm According to people familiar with BC Partners’ thinking, LIV has more than $5 billion in net operating losses across the US and UK. BC Partners is examining whether those losses could retain value as part of a broader sports investment strategy. Article continues below ADVERTISEMENT Article continues below ADVERTISEMENT The private capital firm could invest as much as $300 million in a transaction involving LIV’s assets, potentially alongside other sports businesses. Liberty Strategic Capital, founded by former US Treasury secretary Steven Mnuchin, has also expressed preliminary interest. LIV, PIF and BC Partners declined to comment, according to the Financial Times . Sign up for The GolfMagic Newsletter Your information will be used in accordance with our Privacy Policy . Leave this field blank Previous Article Henrik Stenson gives verdict on LIV Golf after "turbulent" years Andy Roberts Editor Andy Roberts first joined GolfMagic on a month's work experience back in April 2011. Andy then assumed the role of GolfMagic Editor in 2015. 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