
AI-generated summary
LIV Golf, backed by Saudi Arabia's Public Investment Fund, spent over $7bn in five years creating a rebel tour that split golf before merger talks with the PGA and DP World Tours involving US president Donald Trump collapsed. LIV filed for bankruptcy in a New Jersey court after BC Partners withdrew funding, ending LIV 2.0 plans.
The DP World Tour is expecting an influx of players from LIV Golf next year and is ready to extend an olive branch to all the former rebels, including the face of its doomed revival, Bryson DeChambeau.
The two-time US Open winner had been due to sign for LIV 2.0 next season, saying recently their “business plan made a lot of sense” and that the reborn rebel tour would “last forever,” but instead they began bankruptcy proceedings in a New Jersey court on Thursday following the withdrawal of their primary financiers, BC Partners.
In a 13-minute hearing LIV’s lawyers announced formal plans to liquidate rather than set up a new tour following the decision of Saudi Arabia’s Public Investment Fund to withdraw their funding from next season.
PIF spent over $7bn in five years setting up a rebel tour that split golf in two before protracted talks over merging with the PGA and DP World Tours involving US president Donald Trump that ultimately collapsed.
“The debtors are not currently proceeding with the LIV 2.0 plan,” Matthew Williams of Gibson Dunn said in court. “Instead, the debtors are toggling to a value-maximising wind-down in their business.”
LIV subsequently released a statement confirming their withdrawal from the sport.
“Since April 2026, the league’s leadership team, with the support of its independent directors and advisors, has run a disciplined and thorough process to identify the best, value-maximising path forward for the company and its stakeholders.
“Despite extensive discussions, the relevant parties were ultimately unable to reach a consensual resolution of certain outstanding terms of the transaction contemplated by the Restructuring Support Agreement (RSA).
“As a result, the RSA has been terminated, and the transaction is not expected to move forward at this time.”
LIV’s withdrawal just a month after announcing BC Partners’ funding has left their players facing uncertain futures, although many of them will have the option to join the DP World Tour through a variety of means, if not the PGA Tour.
DeChambeau is ineligible to join the PGA Tour, where he has not played for over four years, due to a blanket ban on LIV players that runs for 12 months from the date of their last tournament appearance on the Saudi Arabia-funded circuit.
The 33-year-old has never been a member of the DP World Tour, but as a former major winner has an option to join that expires next year, with 16 November the deadline for applications.
Under DP World Tour regulations major champions are given a five-year window for joining, but 12 months is taken off for every year the option is not activated, leaving 2027 as the last season open to DeChambeau.
The major champion window has already expired for LIV players Cameron Smith and Dustin Johnson, although the DP World Tour will permit them to play at certain events under their new Invite Policy, which represents an attempt to add value to lesser tournaments.
Such invitations will not be offered to premier events such as the PGA Championship at Wentworth or the Scottish Open, but a tournament victory elsewhere would permit the winner to apply for category three membership of the DP World Tour facilitating a full return.
Other LIV players eligible for invitations include Joaquín Niemann, Thomas Pieters, Charles Howell III and Lucas Herbert.
In addition around 15 LIV players, including Jon Rahm and Tyrrell Hatton, still hold DP World Tour membership so are eligible for every event. Although Sergio García resigned his membership in 2022 to join LIV the Spaniard’s career earnings mean he retains a category ranking and is able to reapply, which he has said he will do.
With no indication from the PGA Tour that they are willing to relax their one-year ban following LIV’s implosion many of the rebels appear likely to play at DP Tour events, following the example set by Patrick Reed.
On leaving LIV Golf in August 2025 the American joined the DP World Tour and is currently No 2 in the rankings, earning a PGA Tour card for next season.
While they have not commented publicly, DP World Tour officials are understood to feel that LIV’s imminent liquidation has vindicated their new hardline approach to the tour.
Any player who signed up for LIV 2.0 would have been banned from the DP World Tour next year and been ineligible for the 2027 Ryder Cup, with chief executive officer Guy Kinnings saying the players must “make a choice,” a new policy that led to Rahm and Hatton leaving LIV.
While LIV 2.0 did have $300m of funding in place from BC Partners they were unable to secure enough players to service the planned 17-tournament global season.
With the two main tours both making clear that the era of conditional releases and “double dipping” was over only 15 players led by DeChambeau agreed to stay on, with the Financial Times reporting that only four of them signed contracts.
BC Partners claimed last month that they had 30 players committed to sign up, with another 10 still deliberating, but proved unable to agree financial terms with enough of them, as they confirmed in a statement following the court hearing.
“BC Partners Credit supported a transaction that aligned the interests of players and investors, offering a credible path toward building a sustainable future for LIV Golf,” it read.
“While there was great support for the league, we are disappointed that mutually acceptable terms could not be reached among the various stakeholders.”
AI outlook — possibilities, not facts
Bryson DeChambeau will apply for DP World Tour membership before the 16 November deadline
Likely · Within weeks
More LIV players will join DP World Tour events following Patrick Reed's example
Very likely · Within months

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