LIV Golf Reboots With Chapter 11 Shield, Player Equity and New Investor

LIV Golf has filed for Chapter 11 bankruptcy protection in New Jersey, entering a court-supervised restructuring funded by a $49.6 million debtor-in-possession loan from the Saudi Public Investment Fund after it pulled long-term funding. A new investor, BC Partners, is lined up to back the league’s next phase as LIV shifts to a sustainable, player-centric model that returns commercial rights to players and offers equity, with prize purses, field sizes, and formats reworked to be between PGA Tour and DP World Tour levels. The move aims to build a lasting global golf business and a framework for growth with more national-identity teams and a broader field, while the players gain greater earning potential.