LIV Golf Files Bankruptcy, Players Weigh Exit — SkimNews
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- LIV Golf filed for bankruptcy protection in the US, citing $500m–$1bn in liabilities and assets of $100m–$500m, as it seeks to restructure into 'LIV 2.0' by early next year
- DP World Tour reported a 'high volume' of interest from LIV Golf players and is exploring terms to accommodate those who leave, provided they are free of contractual restrictions and agree to membership rules
- Jon Rahm is owed $7.5m by LIV Golf, making him the largest unsecured creditor, but has not committed to joining LIV 2.0 and may seek a return to the PGA Tour via the DP World Tour
- Bryson DeChambeau, Dustin Johnson, Cameron Smith, and Adrian Meronk are also among the top players owed significant sums, with player retention now critical to LIV’s restructuring plan
- LIV 2.0 aims to launch with scaled-back prize funds around £7m per event, expanded fields to 75 players, Monday qualifying, halfway cuts, and retained team format, but must secure commitments from two-thirds of player claim value within 35 days
- PGA Tour has shown no plans to revive its returning member programme, meaning most ex-LIV players without exempt status will need alternative paths back, such as through the DP World Tour
Why it matters: LIV Golf’s survival hinges on securing commitments from high-earning players within weeks, while the DP World Tour stands to gain top talent like Rahm if they defect. The PGA Tour avoids reinstituting special deals, preserving its current structure at the cost of potential future roster competition.
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