LIV Golf Prepares U.S. Bankruptcy Contingency After PIF Exit

The LIV Golf league is actively preparing contingency plans that include a potential bankruptcy filing in the United States, according to reports, as it searches for new investors following the withdrawal of its primary financial backer. The Saudi Arabian Public Investment Fund confirmed last month it would cease funding the breakaway golf circuit after the conclusion of the 2026 season.

The sovereign wealth fund is estimated to have invested more than $5 billion into LIV Golf since its launch in 2021 or 2022, financing large player contracts and a global tournament schedule. With that funding ending, the league is now pursuing alternative investment while simultaneously laying groundwork for a possible Chapter 11 bankruptcy restructuring, which sources describe as a last resort. As part of that contingency planning, LIV is reportedly considering relocating its headquarters to the United States to take advantage of its bankruptcy laws.

In a statement, a LIV Golf spokesperson said the organization remains focused on securing a long-term transaction and that multiple pathways are under active exploration. The league has appointed restructuring specialists Gene Davis and Jon Zinman...