LIV Golf may file for bankruptcy protection as soon as next week, the Financial Times reported on Monday.
The struggling league is racing to secure funding in order to move forward with a “slimmed-down” version for 2027, per the report.
Meanwhile, players who are owed millions in guaranteed payouts reportedly have been sent settlement offers valued at “a few cents on the dollar.”
LIV Golf reportedly has been negotiating with private capital firm BC Partners to help keep the league afloat after Saudi Arabia’s Public Investment Fund withdrew its financial support earlier this year.
According to the Financial Times, the league is struggling to garner commitments from enough players to move ahead with “LIV 2.0,” which has made it even more challenging to secure funding.
BC Partners reportedly is waiting to see how LIV and PIF resolve player payments and the bankruptcy structure.
LIV Golf, which canceled two events during the 2026 season, informed its workforce last week that it was scaling back operations and terminating employees. Multiple vendors have also filed lawsuits seeking payments owed for services.
–Field Level Media
