LIV Golf is reportedly preparing to collapse into bankruptcy at the end of its 2026 season should its desperate scramble for funds fail, according to a new report. The league was plunged into crisis last month when Saudi Arabia's Public Investment Fund (PIF) confirmed that it was pulling the plug on its $6 billion investment into the breakaway golf circuit.
Contingency Plans Underway
LIV has since put on a defiant front, insisting that its season would continue as planned as it searches for new backers. However, it has now emerged that the controversial circuit has begun to put a contingency plan in place should its plea for funds come up empty-handed. LIV has reportedly begun laying the groundwork for a potential US bankruptcy filing at the end of the season, according to Bloomberg.
The league is reportedly considering relocating its headquarters entirely to the United States to benefit from more favorable bankruptcy restructuring laws. The organization is currently spread across jurisdictions in the UK, US, and the island of Jersey, with the ultimate controlling entity being Riyadh-based PIF.
PIF's Decision and LIV's Response
PIF confirmed what had long been expected in April when it announced that LIV was ‘no longer consistent with the current phase of PIF’s strategy.’ A PIF statement released to Daily Mail Sport read: ‘PIF has made the decision to fund LIV Golf only for the remainder of the 2026 season. The substantial investment required by LIV Golf over a longer term is no longer consistent with the current phase of PIF’s investment strategy.’
Shortly after PIF's announcement, LIV said it was pivoting focus to ‘securing long-term financial partners to support its transition from a foundational launch phase to a diversified, multi-partner investment model.’ They added: ‘This strategic evolution, accelerated by the league’s record-breaking performance in 2026, includes the appointment of a newly established independent board led by Gene Davis and Jon Zinman, seasoned experts with proven track records of navigating complex situations and unlocking value for global organizations, to guide the league through its next phase.’
However, the move towards bankruptcy is said to be viewed as a last resort in the hope that LIV can survive the crisis. Saudi's PIF has pumped almost $6 billion into LIV since 2022, with $30 million alone paid out in prize money for each event. According to Forbes, the tour has posted cumulative losses of more than $1.4 billion since its 2021 founding.
The Daily Mail has contacted LIV Golf for comment but did not immediately receive a response.
