LIV Golf files for bankruptcy as league still owes stars millions

Jon Rahm during the final round of the LIV Golf Indianapolis golf tournament at The Club at Chatham Hills. IMAGN IMAGES via Reuters Connect

LIV Golf files for bankruptcy after Saudi exit as league still owes stars millions

Originally posted on Larry Brown Sports
By Matt Wadleigh | Last updated Sep 8, 2026 6:56 PM ET

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The uncertainty regarding LIV Golf has now added a new chapter.

On Tuesday, LIV Golf filed for Chapter 11 bankruptcy.

Here’s part of what the documents said:

“LIV Golf has entered a court-supervised restructuring process that provides us with the time and framework to address previous financial obligations and complete a transaction that will make the league’s next phase a reality.”

LIV Golf has officially filed for Chapter 11 bankruptcy.

Among the numerous things the league announced is plans for LIV 2.0, which include 75-player fields, cuts and Monday qualifiers for more pathways to the league
— Cameron Jourdan (@Cam_Jourdan) September 8, 2026

The CEO of the league, Scott O’Neil, released a lengthy statement on the move to file for bankruptcy.

LIV Golf's chapter 11 bankruptcy announcement, a letter to fans from CEO Scott O'Neil, and the league's biggest creditors still owed money ⬇️t pic.twitter.com/MhutMOP5Uf
— David Rumsey (@_DavidRumsey) September 8, 2026

At the beginning of August, it was reported that LIV Golf found a new investor in an effort to keep the league going. This came on the heels of the Saudi Public Investment Fund pulling its funding after four years.

This is expected to cause a massive domino effect, with big-name golfers including Jon Rahm, Phil Mickelson, and Bryson DeChambeau all part of the league. Brooks Koepka also used to be part of the league before announcing he was leaving at the end of December.

LIV Golf owes stars millions of dollars

According to ESPN's Mark Schlabach, LIV Golf "indicated it had between $100 million and $500 million in assets and $500 million to $1 billion in liabilities."

The league owes some of the biggest starts in golf millions of dollars.

Schlabach notes that "Jon Rahm ($7.5 million), Bryson DeChambeau ($5.7 million), Dustin Johnson ($5.5 million), Cameron Smith ($4.8 million), Tyrrell Hatton ($3.4 million) and Brooks Koepka ($1.7 million) are among the league's creditors."

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