Overview
- LIV Golf, which Bloomberg reported Tuesday is laying groundwork for a possible U.S. Chapter 11 filing, is also courting investors to raise up to $250 million to extend its run beyond 2026.
- Ducera Partners is running an investor process that targets up to $250 million, with Axios reporting a deadline near early October as remaining Saudi cash runs down.
- The league is also pitching a smaller raise of about $150 million that would depend on selling stakes in teams and striking new media rights beyond a nominal U.S. deal with Fox and a recent Sony pact in South Asia.
- Operations have already felt the strain, with the New Orleans event postponed and a hole now sitting between the Spain stop in early June and the U.K. event in late July.
- Player agents have begun sounding out the PGA Tour about return options as a Chapter 11 case could let LIV reject player contracts and push stars to find new homes.