LIV Golf is reportedly planning on filing for bankruptcy in the coming weeks in order to restructure contracts and the debt burden it has.
The news, reported by Flushing It Golf, is another detail amid the clouded future of the rebel golf league, which The Post’s Mark Cannizzaro reported Wednesday was on the verge of landing more than $250 million in investment.
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LIV Golf players who had outstanding contract payments — multi-year or rolling — have been approached with equity offers in the new version of the league, whatever that may look like, according to the Flushing It Golf’s report.
The LIV Golf logo is seen following the competition on day three of the LIV Golf Invitational at Greenbrier at The Old White Course on Aug. 6, 2023 in White Sulphur Springs, W.Va. Getty Images
“These offers vary significantly depending on their stature and the value of their existing contract. Sources indicate the total value of equity offered would potentially make the players the majority owners of LIV Golf 2.0 if funding is secured,” Flushing It Golf reported.
Indication of Interest documents have also been handed out to the league’s players for them to sign, though reaction to them has been mixed with some ready to stick it out and others either not having signed or returned them.
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One of the biggest factors will be Jon Rahm, according to the report, which indicated that he is still owed “9 figures for his deal signed ahead of the 2024 season that still has multiple years left.”
“This would likely make Jon the biggest creditor should LIV Golf file for bankruptcy. Jon refused to guarantee he will play on LIV Golf in 2027 when asked directly in a press conference at LIV Golf UK and he has an enormous role in deciding the future of the league both on and off the course,” Flushing It Golf wrote.
There have been plenty of moving parts when it comes to LIV Golf and its future, but sources told The Post that LIV has gotten “multiple written commitments from blue-chip investment firms that would serve as anchor investors to support the league” moving forward.
Jon Rahm of Spain reacts on Day 4 of the The 154th Open Championship at Royal Birkdale on July 19, 2026 in Southport, England. Getty Images
The investors had “submitted” qualified term sheets in order to “support the formation of a financing syndicate with sufficient backing to capitalize” LIV 2.0, as it’s been dubbed.
The deal is expected to be finalized in September.
LIV Golf has three events left on its calendar for 2026, which include a tournament next week at Trump National Golf Club in Bedminster, N.J.
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