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.

It’s the latest move in the breakaway circuit’s fight for survival after the PIF of Saudi Arabia pulled funding.

As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players.

LIV Golf has filed for bankruptcy—an expected step in the league’s fight for survival after the Saudi PIF ended its funding.

Its planned 2027 return remains uncertain as stars weigh their options.