The credit score agency, which offers financing to middle-market corporations, mentioned the funding would help the following part of LIV Golf, underneath which gamers would turn out to be fairness house owners of each the league and its groups.
The financing stays topic to chapter courtroom approval and customary situations.
“This funding is a crucial step ahead for LIV Golf,” mentioned LIV Golf CEO Scott O’Neil in a press release.
“We’re delivering on our main milestones, and whereas there may be nonetheless work forward, at this time marks significant progress towards a player-owned, team-focused, actually international league that enhances the broader sport and creates new alternatives for gamers, followers, companions, and the following era 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 profitable contracts and huge prize cash.
Nevertheless, 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 record 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 prime 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 entire quantity owed to the 14 present and former LIV gamers within the prime 30 collectors is simply over $45m (£33m).
A supply aware of the figures instructed BBC Sport the collectors record outlines the “quantity owed and never paid for Q3” of 2026, not the complete quantities.
Chapter 11 safety postpones a US firm’s obligations to its collectors, giving it time to reorganise its money owed or promote elements of the enterprise.
PIF is offering a chapter mortgage of $49.6m (£36.6m) – referred to as ‘debtor in possession’ (DIP) financing – to assist fund the method.