LIV to pitch new model amid bankruptcy report
Get the Sports newsletter
Daily sports — scores, transfers, the storylines from the leagues you actually follow. Free.
- LIV Golf is preparing a go‑forward business plan to pitch to potential capital partners despite reports it may need to file for bankruptcy in the U.S. if new financing isn’t secured this season.
- Public Investment Fund announced on April 30 it will stop funding LIV Golf after the current season, ending its multi‑year $5‑plus‑billion backing.
- Scott O’Neil is seeking $250 million in new capital and now projects the league will become profitable within two years, a sharp cut from his earlier ten‑year timeline.
- LIV Golf is weighing a move of its headquarters to the United States, where bankruptcy restructuring laws are more favorable, according to Bloomberg.
- Jon Rahm confirmed he has several years left on his contract and sees few ways out of the deal.
- Bryson DeChambeau said his contract ends this season, warned the PGA Tour could penalize a return, and would consider a YouTube focus if LIV folds.
Why it matters: Investors and the league’s owners stand to gain a new financing deal, while the PIF loses its high‑profile golf venture and players risk contract uncertainty; a U.S. relocation could reshape bankruptcy strategy and affect future tournament funding.
