ESPN.com · 2 days ago
LIV Golf files bankruptcy plan, eyes January liquidation
LIV Golf filed a Chapter 11 bankruptcy plan with a New Jersey court Tuesday, along with a proposed schedule for a final hearing on its disclosure statement on Jan. 7 that would begin liquidation.
LIV Golf filed for bankruptcy on Sept. 8 after the Public Investment Fund of Saudi Arabia, which had bankrolled the breakaway league from the start, said a change in strategy meant it would no longer pay for LIV after the 2026 season.
The bankruptcy plan is for an orderly wind down of LIV. The restructuring agreement with BC Partners Credit, which had pledged $300 million, failed to garner enough support for a LIV 2.0 version that would have kept the league going in 2027.