LIV Golf entered Chapter 11 bankruptcy in September 2026 after the Saudi Public Investment Fund ended its backing following the 2026 season, prompting a court-supervised restructuring aimed at launching a leaner “LIV 2.0” model in 2027. BC Partners Credit has committed initial funding toward a $300 million package to support a reduced 10-event global schedule with player equity ownership, and the player commitment deadline has been extended to October 25. A key bankruptcy hearing is set for October 14. While several top players including Jon Rahm have exited and staff reductions have occurred, the league has not signaled liquidation and continues operations under new investor terms and independent board oversight. These developments reflect trader consensus that an outright shutdown announcement remains unlikely this year amid ongoing efforts to sustain the tour.