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LIV Golf's latest bankruptcy hearing offers key future timeline, raises ‘concerns'

LIV Golf’s future hinged on a critical bankruptcy hearing this week, where Judge Michael B. Kaplan of the U.S.

Bankruptcy Court of New Jersey set a firm deadline for clarity: the league’s fate will be decided by the end of October. The hearing approved a $300 million restructuring support agreement with BC Partners Global, a lifeline after the Saudi Arabian Public Investment Fund (PIF) withdrew funding.

Under the terms, players would gain a majority stake—52.5% ownership—alongside signing bonuses, while BC Partners and management would hold 45% and 2.5%, respectively. Judge Kaplan emphasized the approval was procedural, not a final ruling, leaving open the possibility of either reviving LIV as a standalone league or winding it down entirely.

The hearing also spotlighted tensions with the DP World Tour, as LIV’s legal team accused the European circuit of anti-competitive interference after its CEO, Guy Kinnings, threatened to ban players from competing on both tours starting in 2027. LIV’s attorney, Robert Fitzgerald, called the timing of the DP World Tour’s stance ‘concerning,’ framing it as an attempt to undermine player freedom—a core principle of LIV’s original mission and its proposed 2.0 iteration.

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