Judge Backs LIV Golf's $300M Lifeline as Wind-Down-or-2.0 Verdict Looms by Month-End

A federal bankruptcy judge approved LIV Golf's restructuring agreement with BC Partners on Wednesday, keeping the rebel league's 2027 reboot alive — but its lawyers said a final decision on winding down or relaunching as "LIV 2.0" will come by the end of October.

Judge Backs LIV Golf's $300M Lifeline as Wind-Down-or-2.0 Verdict Looms by Month-End

LIV Golf's fight for survival took a decisive step forward on Wednesday when a federal bankruptcy judge in New Jersey approved the league's restructuring support agreement with BC Partners, opening the door to as much as $300 million in loans and investment.

The deal, cleared by Judge Michael B. Kaplan during a 35-minute hearing, lets LIV Golf rehire staff and begin planning its proposed "LIV 2.0" reboot after Saudi Arabia's Public Investment Fund ended its funding at the close of the 2026 season. Under the term sheet, players would hold 52.5 percent of the restructured league, with BC Partners and minority investors taking 45 percent and management 2.5 percent. Kaplan stressed the approval was only a first step, not a final plan.

The bigger verdict is still to come: LIV attorney Rob Fitzgerald told the court a decision on whether the circuit winds down entirely or relaunches in 2027 will be made by the end of the month. Kaplan also approved a motion rejecting the contracts of 19 players, including Bryson DeChambeau and Dustin Johnson, as the league reshapes its roster.

Fitzgerald also raised concerns about DP World Tour CEO Guy Kinnings' ultimatum that LIV players must choose between the tours in 2027, calling it a potential attempt to interfere with the reorganization. The DP World Tour declined further comment, repeating Monday's statement: "Players need to make a choice."