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LIV Golf enters Chapter 11 with $500m–$1bn debt, eyes a player-owned reboot

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Source: Financial Times
LIV Golf enters Chapter 11 with $500m–$1bn debt, eyes a player-owned reboot
Photo: Financial Times
TL;DR Summary

LIV Golf has filed for Chapter 11 with liabilities of $500m–$1bn, aiming to reorganize into a majority player-owned league backed by BC Partners and to emerge in early 2027, with a $50m loan from Saudi Arabia’s Public Investment Fund to support the process; nine golfers are listed as unsecured creditors.

Topics:sports#bankruptcy#bc-partners#chapter-11#liv-golf#public-investment-fund#sports
Share this article
  1. LIV Golf files for bankruptcy with at least $500mn in liabilities  Financial Times
  2. LIV Golf files for bankruptcy protection, enters 'next phase'  ESPN
  3. LIV Golf files for bankruptcy in latest fallout for breakaway tour  CNN
  4. LIV Golf Files for Bankruptcy—and Owes Top Golfers Millions  WSJ
  5. LIV Golf: Players have option to leave after competition files for bankruptcy protection  BBC

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