LIV Golf is preparing to collapse into bankruptcy at the end of its 2026 season should its desperate scramble for funds fail, according to a new bombshell report.
The league was plunged into crisis last month when Saudi Arabia’s Public Investment Fund confirmed that it was pulling the plug on its $6billion investment into the breakaway golf circuit.
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 UK, US and the island of Jersey, with the ultimate controlling entity being Riyadh-based PIF.
LIV Golf is reportedly preparing to collapse into bankruptcy at the end of its 2026 season
Saudi Arabia’s PIF (Pictured: Governor Yasir Al-Rumayyan) pulled the plug on its funding
The Daily Mail has contacted LIV Golf for comment but did not immediately receive a response.
However, the move towards bankruptcy is said to be viewed as a last resort in the hope that LIV can survive from the crisis.
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.
‘This decision has been made in light of PIF’s investment priorities and current macro dynamics. The LIV Golf Board has created a committee of independent directors to evaluate strategic alternatives for its future beyond PIF’s funding horizon.
‘LIV Golf has substantially grown the game globally through its transformational and positive impact. It has forever changed the game of golf for the better.
‘PIF remains committed to deploying capital internationally in line with its investment strategy, including its substantial current and future investments in various sports as a priority sector.’
The league’s 2026 season has continued as LIV scrambles for new investors
LIV CEO Scott O’Neil is pictured with Eric Trump at the league’s event at Trump National Golf Club in Virginia earlier this month
Saudi’s PIF has pumped almost $6billion into LIV since 2022, with $30m alone paid out in prize money for each event.
According to Forbes, the tour has posted cumulative losses of more than $1.4bn since its 2021 founding.
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.’
