What the filing actually shows
The court documents put LIV's assets at between $100m* (£75.5m) and $500m* (£377m) and its liabilities at between $500m* (£377m) and $1bn* (£0.75bn). The seven largest unsecured claims all belong to players: Jon Rahm at roughly $7.5m* (£5.7m), Bryson DeChambeau at $5.8m* (£4.4m), Dustin Johnson at $5.5m* (£4.2m), then Cam Smith, Adrian Meronk, Tyrrell Hatton and Bubba Watson. Those totals cover past-due payments only and are not the players' full contractual entitlements. Saudi Arabia's Public Investment Fund, which said in April it would stop funding the league, has agreed to provide $49.6m* (£37.4m) in debtor-in-possession financing to keep LIV operating through the process, subject to court approval, with BC Partners' credit arm lined up to provide exit financing.
Verified Data
Source: CNN.
*Converted to £ at the exchange rate on 25 September 2026, the day this article was published (US$1 = £0.75458). Prices are as reported and subject to change; the conversion was correct at the time of publishing.
Where next: a smaller balance sheet, a bigger field
Chief executive Scott O'Neil's letter to fans sets out a league that looks different in kind, not just in scale. The field would grow from 57 players to 75, a 54-hole cut would be introduced for the first time, teams would be built around nationalities, and the players themselves would hold majority ownership. Today's Golfer, citing BBC Sport, reports that the filing automatically terminates existing player contracts, which means the roster of LIV 2.0 is a recruitment question rather than a legal one. Four vendors had already gone to court over unpaid work before the petition landed.