Overview
- LIV Golf filed for Chapter 11 bankruptcy earlier this month after the Saudi Public Investment Fund withdrew funding beyond 2026, leaving players and vendors as creditors.
- BC Partners has offered restructuring support that requires at least half of player‑creditors, representing two‑thirds of the dollar value of player claims, to commit within a set consent window for a scaled 'LIV 2.0' to proceed.
- Bryson DeChambeau, long seen as a leading supporter who helped court new investors, has been publicly and privately undecided and has recently vacillated on whether to sign on.
- Insiders and reporters say several marquee players hold the largest unsecured claims and are likely to weigh exit options, with Cameron Smith viewed as one of the few likely to stay under current terms.
- The players’ near‑term decisions will decide whether a smaller, investor‑backed LIV survives, influence PGA Tour re‑entry paths for departing players, and reshape purses and event plans for 2027.