The credit score agency, which offers financing to middle-market corporations, mentioned the funding would assist the following section of LIV Golf, below which gamers would grow to be fairness homeowners of each the league and its groups.
The financing stays topic to chapter court docket approval and customary situations.
“This funding is a crucial step ahead for LIV Golf,” mentioned LIV Golf CEO Scott O’Neil in an announcement.
“We’re delivering on our main milestones, and whereas there’s nonetheless work forward, at this time marks significant progress towards a player-owned, team-focused, actually international league that enhances the broader recreation and creates new alternatives for gamers, followers, companions, and the following technology of golfers.”
Since LIV’s controversial launch in 2021, greater than $5bn (£3.7bn) has been spent by Saudi Arabia’s Public Funding Fund (PIF), with main winners together with Jon Rahm and Bryson DeChambeau lured by lucrative contracts and huge prize cash.
Nonetheless, the way forward for the idea – and its star gamers – has been shrouded in uncertainty, with the 2026 season having ended early.
Paperwork within the petition define cash owed to LIV Golf’s collectors with the 30 largest unsecured claims.
Two-time main winner Rahm tops that checklist with an unsecured declare of $7.5m (£5.5m).
DeChambeau ($5.7m – £4.2m), Dustin Johnson ($5.5m – £4.1m), Cameron Smith ($4.8m – £3.5m) and Tyrrell Hatton ($3.4m – £2.5m) are additionally among the many high 30 collectors, in addition to Brooks Koepka, who left to rejoin the PGA Tour in January however has an unsecured declare of $1.7m (£1.25m).
The whole quantity owed to the 14 present and former LIV gamers within the high 30 collectors is simply over $45m (£33m).
A supply aware of the figures advised BBC Sport the collectors checklist outlines the “quantity owed and never paid for Q3” of 2026, not the total quantities.
Chapter 11 safety postpones a US firm’s obligations to its collectors, giving it time to reorganise its money owed or promote components of the enterprise.
PIF is offering a chapter mortgage of $49.6m (£36.6m) – known as ‘debtor in possession’ (DIP) financing – to assist fund the method.
