The Saudi-backed golf league has filed for Chapter 11 protection in the United States, naming several of its own marquee players among the creditors owed millions of dollars – including Australian star Cam Smith. Here’s what we know
LIV Golf has been expected to declare bankruptcy and restructure before launching a reimagined league funded by an unnamed backer.
See Forbes’ 2026 list of the highest-paid golfers, featuring LIV Golf’s Jon Rahm and the PGA’s Scottie Scheffler among ten stars who made $536 million in the past year.
Professional golfers lead complicated financial lives, with prize money, endorsements, taxes owed to multiple states, and expenses ranging from travel to caddies.
Reports and rumors circulated on Wednesday that the Saudi Public Investment Fund could soon pull funding from the PGA Tour competitor.
With a record-breaking $7 million rookie debut, a “Coachella-meets-Masters” hospitality pivot, and ambitious plans to acquire its own golf course, Ripper GC has officially moved past the “startup” phase.
Forget the fancy Ferraris and precious Picassos. Instead, new Forbes 400 member David D. Halbert chose the ultimate flex: convincing Tom Fazio to build him a “no-budget” 18-hole golf course in Texas.
Forbes’ list of the Ryder Cup’s highest-paid golfers features Jon Rahm, Scottie Scheffler and three other players earning big money on and off the course.
LIV Golf’s spending spree has seemingly come to an end, but the PGA Tour is chipping in record purses, helping the sport’s 10 top earners score $612 million over the past year.
The league, which is bankrolled by the Saudi sovereign wealth fund and shares close ties with President-elect Donald Trump, will air across Fox properties including the flagship Fox channel, FS1 and Fox Business.