LIV Golf files for bankruptcy after Saudi fund pulls support, leaving players owed millions in unpaid money

LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey, putting its current business model on hold after five years of operations. The filing follows the early conclusion of its 2026 season in Indianapolis after its primary financial backer withdrew support.

Saudi Arabia’s Public Investment Fund (PIF) halted funding in April to redirect money toward domestic projects and manage financial pressures from the regional war with Iran. Following the decision, PIF governor Yasir Al-Rumayyan resigned from LIV’s board.