Oosthuizen quits LIV Golf amid bankruptcy, player exodus — SkimNews
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- Louis Oosthuizen quit LIV Golf in 2024, calling it the 'hardest decision' of his career, and plans to return to the DP World Tour in 2027
- LIV Golf filed for Chapter 11 bankruptcy protection in September after Saudi Arabia's Public Investment Fund withdrew its backing
- Louis Oosthuizen cited the demanding LIV 2.0 schedule as incompatible with his goal of maintaining high-level competitive golf through a self-controlled playing calendar
- LIV Golf secured a potential $300 million financing deal from BC Partners Credit to support its planned 2027 season
- Guy Kinnings, CEO of the DP World Tour, confirmed players remaining with LIV Golf will not be eligible for tour membership next season
- Jon Rahm, a two-time major winner, recently gave up an estimated £75 million owed by LIV Golf as part of a separation agreement
Why it matters: Oosthuizen’s exit adds to a wave of high-profile departures that undermine LIV Golf’s stability just as it seeks $300 million to relaunch in 2027, while DP World Tour’s membership ban sharpens the divide between the rival tours, forcing players to choose sides.
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