LIV Golf paid $15m to executives before bankruptcy filing

Summarised from 2 outlets · Updated 24 Oct, 19:02 · Archive

LIV Golf paid $15.6 million to retain seven executives in the three months before filing for Chapter 11 bankruptcy.

LIV Golf paid $15.6 million to retain seven executives in the months before filing for Chapter 11 bankruptcy on September 8. CEO Scott O'Neil received $6.375 million of that total. Court records filed in U.S. Bankruptcy Court in New Jersey also show the league made 129 payments to creditors in the 90 days before the bankruptcy filing.

Jon Rahm was paid $26 million in the year before the filing. Greg Norman, who left as LIV's first CEO in January 2025, received a $5.8 million settlement and a $3.6 million bonus on September 26, 2025.

LIV Golf is attempting to emerge from bankruptcy without the backing of Saudi Arabia's Public Investment Fund, which spent upward of $5 billion since the league launched in June 2022. BC Partners Credit has pledged up to $300 million to support a restructured 'LIV 2.0'. However, several top players have already separated from their agreements or indicated they are leaving the league, including Rahm, Sergio Garcia, Louis Oosthuizen, Adrian Meronk and David Puig.

How it is being reported

• LIV Golf paid $15 million to retain executives before filing for bankruptcy, court records showLIV Golf has paid $15.6 million to retain seven executives in the three months before filing for bankruptcy.News4Jax · 24 Oct, 18:20
• LIV Golf paid $15 million to retain executives before filing for bankruptcy, court records showLIV Golf has paid $15.6 million to retain seven executives in the three months before filing for bankruptcy.Clickorlando · 24 Oct, 18:20

In this story: LIV Golf · Scott O'Neil · Public Investment Fund of Saudi Arabia · Jon Rahm · Greg Norman · BC Partners Credit

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem