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LIV Golf secures $49.6M debtor-in-possession financing from Saudi PIF during Chapter 11 restructuring. The golf league seeks new ownership arrangements and exit financing to sustain operations.
RECENTLY ACQUIREDSep 09, 2026•about 3 hours ago
Amount Raised
$49.6 Million
Round Type
Venture - Series Unknown
LondonSports
Investors
Bc Partners CreditPublic Investment Fund
Description
LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey and secured $49.6 million in debtor-in-possession financing from the Public Investment Fund to support operations through restructuring. The league is in advanced discussions with players regarding equity ownership in the reorganized business alongside contract settlements. BC Partners Credit and other investors are expected to provide exit financing once restructuring is complete. This follows Saudi Arabia's decision to halt funding earlier in 2026.
Company Information
Company
LIV Golf Enterprises
Location
1 Lyric Square
London, England, United Kingdom
About
LIV Golf is a professional men's golf tour established in October 2021, aiming to transform the sport with a more dynamic and spectator-friendly format. The name "LIV" stands for the Roman numeral 54, reflecting both the score achievable by birdieing every hole on a par-72 course and the tour's unique 54-hole tournament structure, which is shorter than traditional events.
Financed by the Public Investment Fund of Saudi Arabia, LIV Golf is part of the country's Vision 2030 initiative to diversify its economy through sports investments. Led by former world number one golfer Greg Norman, the tour attracts top talent with innovative tournament formats and significantly higher prize money. LIV Golf has successfully signed prominent players, including Phil Mickelson and Dustin Johnson, and focuses on creating engaging events that enhance the entertainment value for spectators. The company also invests in global expansion, including a $300 million commitment to elevate golf in Asia.
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