LIV Golf confirms it will not relaunch, leaving Bryson DeChambeau as a free agent owed $5.77 million
LIV Golf's attorneys told a federal bankruptcy judge in Trenton, New Jersey, that the league will not relaunch in 2027 and is instead winding down, according to the report. The league, which filed for Chapter 11 bankruptcy in September after its primary backer — Saudi Arabia's sovereign wealth fund — stopped funding it, owes between $500 million and $1 billion to at least 1,000 creditors. DeChambeau holds one of the largest unsecured claims at $5.77 million, alongside Jon Rahm and Dustin Johnson, each owed more than $5 million. With his LIV contract now rejected in bankruptcy court, DeChambeau's path back to the PGA Tour remains uncertain, though he is scheduled to compete on the DP World Tour at the Nedbank Golf Challenge in South Africa in December.
The debtors are not currently proceeding with the LIV 2.0 plan,
Why it matters
For service providers: Player agencies and sports property firms, including those with financial ties to LIV players, face reputational and financial exposure as the bankruptcy proceeds.
For brands: Sponsors and business partners connected to LIV Golf or its players must reassess deals given the league's dissolution and players' unresolved tour statuses.
For coaches: Golf instructors and caddies tied to LIV rosters will need to plan around their players seeking new tour homes.
For athletes: Professional golfers who signed with LIV — including those holding unsecured claims in the bankruptcy — now face uncertain competitive futures and may recover only a fraction of what they are owed.
Read the full story at Yahoo Sports
Sources
- Yahoo Sports: LIV Golf is dead. Bryson DeChambeau is owed $5.77 million. Now what?
- Yahoo Sports: Rory McIlroy Was Right About LIV Golf’s $5 Billion Failure