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StocksMediumUpdated•Originally published 8 September 2026•Updated 8 September 2026•
2 min read

LIV Golf Files for Chapter 11 With BC Partners Recapitalization Deal

Key Facts

1LIV Golf filed its Chapter 11 petitions on September 8, 2026, with lead case number 26-20189.
2The proposed transaction includes a BC Partners Credit-backed recapitalization and majority player ownership.
3The Public Investment Fund (PIF) agreed to provide $49.6 million of financing during Chapter 11, subject to court approval.
4LIV Golf targets an early 2027 exit from Chapter 11, with the plan still subject to approvals.

LIV Golf and affiliated companies filed voluntary Chapter 11 petitions in the US Bankruptcy Court for the District of New Jersey on September 8, 2026. The lead case for LIV Golf New Jersey LLC is numbered 26-20189.

LIV Golf said it entered a restructuring support agreement with BC Partners Credit for a proposed recapitalization. Under the announced structure, the reorganized company is expected to be majority-owned by players, but the transaction has not been completed.

Saudi Arabia's Public Investment Fund (PIF) agreed to provide $49.6 million of debtor-in-possession financing during Chapter 11, subject to court approval. BC Partners Credit and other potential investors are also expected to provide exit financing, with BC Partners Credit serving as plan sponsor, again subject to court approval.

Chapter 11 does not automatically mean LIV Golf will be liquidated. US Courts guidance says the process generally allows a debtor to retain control of its assets and continue operating while proposing a reorganization plan, and to borrow new money with court approval.

The petition discloses unsecured claims tied to player participation agreements and vendor contracts, contrary to the earlier article's suggestion that debt details were unavailable. The plan process will determine the treatment of affected claims, and creditors whose rights are altered may vote before the court considers confirmation.

LIV Golf is also seeking recognition of the US Chapter 11 proceedings in England and Wales and said it aims to emerge in early 2027. That is a target, not a guaranteed outcome, because the proposed financing and recapitalization remain subject to court and stakeholder approvals.