What next for LIV Golf's star players, and its fight for survival?
Summary
LIV Golf has filed for bankruptcy protection in the U.S. and is planning a restructured version called LIV 2.0 aiming to relaunch next year. The DP World Tour is receiving many requests from LIV players interested in joining, but returning to traditional tours may be complicated due to past contract and financial conditions.Key Facts
- LIV Golf started in 2021 and hosted its first season in 2022.
- LIV owes at least $45 million to 14 current and former players.
- LIV estimates its assets to be between $100 million and $500 million, and its debts between $500 million and $1 billion.
- Top golfers like Bryson DeChambeau and Jon Rahm can leave LIV early since contracts may be ended.
- The DP World Tour is considering how to let LIV players join if they meet membership rules and are not restricted by other contracts.
- Some players have special permissions to play on both LIV and other tours but often with conditions like fines or playing minimum events.
- Brooks Koepka returned to the PGA Tour after leaving LIV but had to pay a $5 million donation and was ineligible for some PGA benefits until 2030.
- LIV 2.0 plans smaller prize funds and a more sustainable business model, with ambitions for events with about £7 million prizes, fewer than top PGA events but more than most European Tour events.
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