[Photo: Gary Lisbon]
Kooyonga Golf Club has filed a motion with the US Bankruptcy Court “to protect the club’s interests” ahead of its scheduled staging of LIV Golf Adelaide next March and in response to the league filing for Chapter 11 bankruptcy in America last month.
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In a statement from the prestigious Adelaide club to its members, Kooyonga said it has asked the court to confirm by November 6 whether it will proceed with its agreement to hold the 2027 LIV Golf Adelaide event in March and “cover the projected costs the club will incur to meet its obligations under the agreement while LIV Golf makes its decision”. Those costs include out-of-pocket expenses and bookings the club can’t accept while the course holds the tournament.
Kooyonga has also asked the US Bankruptcy Court to hear the motion next Wednesday, October 7, rather than a likely hearing date in November.
“We have taken the step of filing a motion seeking these protections because under Chapter 11, a company can otherwise take a long time to decide whether to continue with its existing agreements,” the statement to Kooyonga’s members read.
“Our motion is a normal part of the Chapter 11 process, which places the burden on counterparties to file such motions to protect their interests.”
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The club also strongly indicated it still intends to proceed with being the interim home for the event, which has been earmarked to move to the redeveloped North Adelaide Golf Course from 2028 after four years of being held at nearby Grange Golf Club.
“Our support for the event hasn’t changed,” the statement said. “We want to see the event go ahead at Kooyonga. We remain in regular contact with LIV Golf, the state government and other stakeholders.”