LIV Golf bankruptcy case threatens 2027 future and player contracts

LIV received court approval for a $14 million initial draw from a $49.6 million financing package, providing short-term cash without resolving its Chapter 11 debts or ownership problems. Reports that the PGA Tour seeks proof of legal contract releases before reinstatement add pressure, while Rahm’s stated willingness to fulfill his contract and other player scenarios remain unresolved.