{"id":872689,"date":"2026-10-06T11:02:12","date_gmt":"2026-10-06T11:02:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/872689\/"},"modified":"2026-10-06T11:02:12","modified_gmt":"2026-10-06T11:02:12","slug":"liv-golf-competition-secures-potential-300m-investment-to-emerge-from-restructuring","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/872689\/","title":{"rendered":"LIV Golf: Competition secures potential $300m investment to emerge from restructuring"},"content":{"rendered":"

The credit firm, which provides financing to middle-market companies, said the funding would support the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.<\/p>\n

The financing remains subject to bankruptcy court approval and customary conditions.<\/p>\n

“This investment is an important step forward for LIV Golf,” said LIV Golf CEO Scott O’Neil in a statement.<\/p>\n

“We’re delivering on our major milestones, and while there is still work ahead, today marks meaningful progress toward a player-owned, team-focused, truly global league that complements the wider game and creates new opportunities for players, fans, partners, and the next generation of golfers.”<\/p>\n

Since LIV’s controversial launch in 2021, more than $5bn (\u00a33.7bn) has been spent by Saudi Arabia’s Public Investment Fund (PIF), with major winners including Jon Rahm and Bryson DeChambeau lured by lucrative contracts<\/a> and vast prize money.<\/p>\n

However, the future of the concept – and its star players – has been shrouded in uncertainty, with the 2026 season having ended early.<\/p>\n

Documents in the petition outline money owed to LIV Golf’s creditors with the 30 largest unsecured claims. <\/p>\n

Two-time major winner Rahm tops that list with an unsecured claim of $7.5m (\u00a35.5m).<\/p>\n

DeChambeau ($5.7m – \u00a34.2m), Dustin Johnson ($5.5m – \u00a34.1m), Cameron Smith ($4.8m – \u00a33.5m) and Tyrrell Hatton ($3.4m – \u00a32.5m) are also among the top 30 creditors, as well as Brooks Koepka, who left to rejoin the PGA Tour in January but has an unsecured claim of $1.7m (\u00a31.25m).<\/p>\n

The total amount owed to the 14 current and former LIV players in the top 30 creditors is just over $45m (\u00a333m).<\/p>\n

A source familiar with the figures told BBC Sport the creditors list outlines the “amount owed and not paid for Q3” of 2026, not the full amounts.<\/p>\n

Chapter 11 protection postpones a US company’s obligations to its creditors, giving it time to reorganise its debts or sell parts of the business.<\/p>\n

PIF is providing a bankruptcy loan of $49.6m (\u00a336.6m) – called ‘debtor in possession’ (DIP) financing – to help fund the process.<\/p>\n","protected":false},"excerpt":{"rendered":"The credit firm, which provides financing to middle-market companies, said the funding would support the next phase of…\n","protected":false},"author":2,"featured_media":872690,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[71],"tags":[427,99],"class_list":["post-872689","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-golf","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/872689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=872689"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/872689\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/872690"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=872689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=872689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=872689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}