Reshmi Basu and Soma BiswasUpdated Sep 9, 2026 – 4.21pm, first published at 8.21amNew York | LIV Golf filed for bankruptcy protection on Tuesday (Wednesday AEST), a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour.The move was widely expected after the Public Investment Fund of Saudi Arabia abruptly ended its financial support this year. The final event was last month in Indiana. Four vendors already have filed lawsuits because they have not been paid. PIF has agreed to provide $US49.6 million ($68.7 million) in debtor-in-possession financing.Bloomberg and APSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
LIV Golf files for bankruptcy protection owing millions to golfers
The league said it remains in “advanced discussions” with players to take control of the business, while BC Partners Credit is expected to provide exit financing.
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