Multiple LIV Golf insiders are “expecting the company to file for bankruptcy in the coming weeks to restructure contracts and the extensive debt burden.” getty images
Multiple LIV Golf insiders are “expecting the company to file for bankruptcy in the coming weeks to restructure contracts and the extensive debt burden,” according to X account Flushing It. Players with outstanding contract payments, whether multiyear or rolling, have “already been approached with equity offers for LIV Golf 2.0.” These offers “vary significantly depending on” a player’s “stature and the value of their existing contract.” Sources indicate the total value of equity offered would “potentially make the players the majority owners of LIV Golf 2.0 if funding is secured.” LIV golfer Jon Rahm is the “biggest factor in this,” as it is estimated he is “still owed 9 figures for his deal signed ahead of the 2024 season that still has multiple years left.” This would likely make Rahm “the biggest creditor should LIV Golf file for bankruptcy.” Rahm “refused to guarantee he will play on LIV Golf in 2027” but he has an “enormous role in deciding the future of the league both on and off the course” (X, 7/30).