Yes. On September 8, 2026, LIV Golf Incorporated and its affiliates voluntarily began a court-supervised Chapter 11 restructuring in the U.S. Bankruptcy Court for the District of New Jersey.
The league said the move supports a Restructuring Support Agreement with BC Partners Credit aimed at a player-majority ownership model, with plans to emerge in early 2027. Saudi Arabia’s Public Investment Fund agreed to provide $49.6 million in debtor-in-possession financing, subject to court approval.
Source: LIV Golf official announcement