{"id":679806,"date":"2026-09-09T05:51:13","date_gmt":"2026-09-09T05:51:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/679806\/"},"modified":"2026-09-09T05:51:13","modified_gmt":"2026-09-09T05:51:13","slug":"liv-golf-files-for-bankruptcy-with-stars-such-as-jon-rahm-and-bryson-dechambeau-owed-millions-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/679806\/","title":{"rendered":"LIV Golf files for bankruptcy with stars such as Jon Rahm and Bryson DeChambeau owed millions \u2013 The Irish Times"},"content":{"rendered":"

Less than five years after it held its first event and created \u200ca schism in professional golf, LIV Golf<\/a> filed for Chapter 11 bankruptcy protection in New Jersey on Tuesday.<\/p>\n

The filing – a \u200crare window into the league\u2019s financial state – estimates assets between $100 million and $500 million, with liabilities between $500 million and $1 billion.<\/p>\n

Most notably, \u200bthe filing listed several star golfers as creditors still owed millions in unsecured claims. Spaniard Jon Rahm<\/a> has the largest claim among players at $7.5 million, followed by Bryson DeChambeau<\/a> ($5.7 million), Dustin Johnson ($5.5 million), Cameron Smith of Australia ($4.8 \u200bmillion), Tyrrell Hatton of England ($3.4 million) and Brooks Koepka ($1.7 million). Koepka left the league at the start of 2026.<\/p>\n

LIV Golf \u2060was bankrolled by the Saudi Public Investment Fund from its inception in 2022 until this \u200cyear, \u200cwhen \u200bthe sovereign wealth fund decided to step away. LIV\u2019s decision to file for bankruptcy is not a sign that it is dissolving, \u2060but rather a step toward restructuring and \u200bcontinuing the PGA Tour<\/a> competitor under a new \u200bbusiness plan.<\/p>\n

CEO Scott O\u2019Neil published a letter to fans addressing the filing.<\/p>\n

\u201cNow it is time \u200cto enter the next phase of \u200bLIV Golf,\u201d O\u2019Neil wrote. \u201cToday, we took an important step forward to get there. LIV Golf \u2060has entered a court-supervised restructuring process \u2060that provides us \u200bwith the time and framework to address previous financial obligations and complete a transaction that will make the League\u2019s next phase a reality. Put simply, this process is designed to build a stronger and more sustainable future for LIV Golf.\u201d<\/p>\n

O\u2019Neil went on to say LIV intends to continue staging events in some of its more popular international destinations – Australia, South Africa, Mexico, Hong Kong and England among them. The league \u200calso will seek to \u2060continue playing in the United States.<\/p>\n

\u201cThe next phase of LIV Golf will be built around a sustainable business model and deeper alignment between players and the \u200cLeague, with team golf at its core,\u201d O\u2019Neil wrote. \u201cPlayers will have the opportunity to share directly in the value they \u200bhelp create, while teams will be positioned to grow into enduring \u200bglobal sports businesses. And fans will remain at the center of everything we do.\u201d<\/p>\n

LIV has an agreement in place with BC Partners Advisors for restructuring support.<\/p>\n","protected":false},"excerpt":{"rendered":"Less than five years after it held its first event and created \u200ca schism in professional golf, LIV…\n","protected":false},"author":2,"featured_media":679807,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[76],"tags":[54268,18,19,17,142367,142366,14408,132],"class_list":["post-679806","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sports","tag-bryson-dechambeau","tag-eire","tag-ie","tag-ireland","tag-jon-rahm","tag-liv-golf-invitational-series","tag-pga-tour","tag-sports"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/679806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=679806"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/679806\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/679807"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=679806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=679806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=679806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}