LIV Golf pivots to Chapter 11 as players head toward a rebuilt, player-owned league
TL;DR Summary
LIV Golf filed for Chapter 11 in New Jersey, listing Jon Rahm as the largest unsecured creditor at about $7.5 million and Bryson DeChambeau at about $5.8 million, with Dustin Johnson, Cameron Smith and Adrian Meronk among the top creditors; the filing marks the end of LIV's first incarnation and the league is eyeing a restructured, player-owned model funded during the bankruptcy by the Saudi Public Investment Fund (about $49.6 million) subject to court approval.
- LIV Golf, bankrupt without Saudis, owes former PGA stars millions The Washington Post
- LIV Golf files for bankruptcy protection, enters 'next phase' ESPN
- LIV’s Disruption Era is over, leaving behind just another professional golf tour The New York Times
- To whom does LIV Golf owe money? Here are top 30 unsecured creditors Golfweek
- McIlroy warns tours have ‘decisions to make’ as LIV Golf exodus edges closer The Guardian
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