LIV Golf said in a statement that it remains in “advanced discussions” with players to take control of the business. AFPShow caption: LIV Golf said in a statement that it remains in “advanced di…League says it remains in 'advanced discussions' with players to take control of businessReshmi BasuSoma BiswasSeptember 08, 2026
LIV Golf has filed for bankruptcy protection in New Jersey, marking a dramatic fall for the Saudi-backed league that sought to rival the PGA Tour.
Saudi Arabia's Public Investment Fund has agreed to provide $49.6 million in debtor-in-possession financing to support the league through its Chapter 11 process.
PIF had invested an estimated $5 billion over four years before withdrawing funding earlier this year, citing a broader strategic shift towards investments with better returns.
Some top golfers lured away from the PGA Tour have returned, facing financial penalties, while others remain as LIV offers ownership stakes to retain them.
