LIV Golf files for Chapter 11 bankruptcy as Saudi PIF withdraws funding

LIV Golf filed for Chapter 11 bankruptcy protection on 8 September 2026 in a federal court in New Jersey. Saudi Arabia's Public Investment Fund, LIV's sole backer, said the "substantial investment required by LIV Golf over a longer term" was "no longer consistent" with its strategy. PIF is providing a $49.6m debtor-in-possession loan to keep the league running through reorganisation.