LIV Golf secures potential $300m investment

LIV Golf secures potential $300m investment A financing firm that works with middle‑market companies said its backing would move LIV Golf into the next phase, under which players would become equity owners of the league and its respective teams. The investment remains contingent on bankruptcy court approval and standard conditions. “This concern is an important measurement guardant for LIV Golf,” said LIV Golf CEO Scott O'Neil successful a statement. “We're delivering connected our large milestones, and portion determination is inactive enactment ahead, contiguous marks meaningful advancement toward a player-owned, team-focused, genuinely planetary league that complements the wider crippled and creates caller opportunities for players, fans, partners, and the adjacent procreation of golfers.” Since the circuit’s controversial launch in 2021, Saudi Arabia’s Public Investment Fund (PIF) has pumped more than $5 billion (£3.7 billion) into LIV Golf, using lucrative contracts and large purses to attract stars such as Jon Rahm and Bryson DeChambeau. The outlook for the series—and its leading players—has been clouded by uncertainty, with the 2026 season ending prematurely. Court filings show the amounts owed to LIV Golf’s creditors, listing the 30 largest unsecured claims. Two‑time major champion Rahm heads the list with an unsecured claim of $7.5 million (£5.5 million). DeChambeau follows at $5.7 million (£4.2 million), Dustin Johnson at $5.5 million (£4.1 million), Cameron Smith at $4.8 million (£3.5 million) and Tyrrell Hatton at $3.4 million (£2.5 million). Brooks Koepka, who indicated in January he might re‑join the PGA Tour, carries an unsecured claim of $1.7 million (£1.25 million). Altogether, the 14 current and former LIV players appearing in the top 30 creditors owe a combined $45 million (£33 million). A source familiar with the figures told BBC Sport that the creditors schedule reflects the amount owed and unpaid for the third quarter of 2026, not the total outstanding balances. Chapter 11 protection suspends a U.S. company’s payments to creditors, allowing it time to reorganise debt or sell parts of the business. PIF is supplying a debtor‑in‑possession loan of $49.6 million (£36.6 million) to help fund the proceedings.