Episode
LIV Golf Files for Bankruptcy | Edmonton News
- Published
- Sep 9, 2026
- Duration seconds
- 119
- Processing state
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- https://sources.thednn.ai/9494fbafffb581de
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Summary
LIV Golf just filed for Chapter Eleven bankruptcy, drowning in over $500 million in debt after Saudi Arabia’s Public Investment Fund pulled out — leaving vendors unpaid and lawsuits looming. But don’t panic: the league is pivoting hard with a new plan led by BC Partners to restructure and keep playing. CEO Scott O’Neil unveiled “LIV Golf 2.0” — players will own majority stakes, the schedule shrinks, field expands to 75, and Monday qualifiers + 54-hole cuts are inbound. Gone are the days of $5 billion splashy signings; this is leaner, meaner, and more sustainable. Big names like Jon Rahm (owed $7.5M) and Bryson DeChambeau face uncertain futures as top creditors. The goal? Reemerge by 2027 with fresh funding from PI F (nearly $50M) and new investors. Success hinges on player buy-in and whether LIV can find its way back into the PGA Tour fold. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/9494fbafffb581de