LIV Golf se prepara para una inminente declaración de quiebra

LIV Golf is preparing for an imminent bankruptcy declaration as the league negotiates a funding package with BC Partners for a smaller circuit. The league may seek bankruptcy protection next week as it pushes for financing to launch a reduced version of the sport slated for 2027, according to sources close to the negotiations. Recent days have seen the league send settlement offers to current LIV players who are owed millions in guaranteed payments past 2026, with initial offers amounting to just a few cents on the dollar.

The reluctance of the UAE sovereign fund that launched LIV in 2022 to provide more financing has influenced the low offer to players. Meanwhile, LIV's management continues to rely on the Public Investment Fund (PIF) of Saudi Arabia for the financial support needed to facilitate the transition. LIV has been negotiating a funding package with BC Partners' credit division for several weeks, with executives attending recent LIV tournaments in Indiana and New Jersey to present their proposal to players.

The Financial Times previously reported LIV's attempt to reach a major agreement where golfers would simultaneously resolve claims with the current LIV leadership and accept equity participation and other financial conditions for LIV 2.0. Such an agreement could result in a pre-arranged bankruptcy. However, securing the commitment of top-level players to attract BC Partners and other financiers has proven challenging.

The DP World Tour, which organizes events in Europe and the Middle East, has declared that players in a future LIV circuit could face fines or sanctions for participating in league tournaments held on the same weeks as the DP World Tour. The new LIV circuit is expected to feature a global schedule of 10 tournaments, potentially requiring other circuits to host their players during the remainder of the season.