Saudi-backed LIV Golf may file for bankruptcy next week

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeNewsSaudi-backed LIV Golf may file for bankruptcy next weekThe entity would use a Chapter 11 filing to implement a transaction that will see players have control of the leagueAuthor of the article:LIV golf tee box sign is seen prior to LIV Golf Mexico City at Club de Golf Chapultepec on April 15, 2026 in Mexico City. Photo by Hector Vivas/Getty ImagesLIV Golf is preparing to file for bankruptcy protection as early as next week, according to people familiar with the situation.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountThe entity would use a Chapter 11 filing to implement a transaction that will see players have control of the league, said the people who weren’t authorized to speak publicly about the process.A LIV spokesperson didn’t have a comment on the potential timing of a filing, but said any such move could pave the way to the league’s next phase by resolving its current obligations within the U.S. legal system.The league’s future has been in doubt since earlier this year when Saudi Arabia’s Public Investment Fund withdrew its backing. Following a months-long search for capital to sustain the competition, LIV potentially secured a lifeline through BC Partners’ credit arm, Bloomberg News previously reported.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againLIV declined to comment on potential minority investors. Under a new structure, the league would be majority-owned by its players, the spokesperson said.In just a few years, LIV fractured professional golf and altered the sport’s economics by luring stars away from the PGA Tour with giant contracts. The league cost the PIF an estimated US$5 billion.The PIF declined to comment. The Financial Times reported on the timing of a potential filing earlier.With assistance from Randall WilliamsThis advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.