LIV Golf Bankruptcy Is Official. Here’s How Much It Owes Its Players.

LIV Golf filed for Chapter 11 bankruptcy protection this week, and Jon Rahm had already left the LIV players group chat a month before it happened. Sponsored by Kalshi: https://kalshi.com/r/WINGO Use code WINGO and get $25 when you trade $25. The filing lists what LIV Golf still owes its own players in past due payments, and those totals only cover what is late. They say nothing about the years of guaranteed money still written into contracts that LIV now wants a court to void. Jon Rahm, Bryson DeChambeau, Dustin Johnson, Cameron Smith, Adrian Meronk, Tyrrell Hatton, Bubba Watson, Abraham Ancer, Byeong Hun An and Brooks Koepka all appear on it. Trey Wingo walks through what LIV Golf CEO Scott O'Neil told the players. That includes the memo saying LIV's lawyers would be in court seeking approval to reject existing player agreements, and the separate email handing players talking points about real momentum and a transition to LIV Golf 2.0. He also gets into the plan to expand the field from 57 players to 75 at a league that cannot pay the players it already has. There is the Jon Rahm answer on the DP World Tour about being willing to fulfill his LIV contract, and why that specific wording is a lawyer's sentence rather than a golfer's. There is the group chat exit on August 9th. There are the LIV Golf players Trey texted who could not talk because of NDAs, and the question of why a golf league needs NDAs at all. Reporting on the filings credited to Flushing It and Josh Carpenter, including the detail that LIV Golf's own filing categorizes the PGA Tour and the DP World Tour as competitors, which is the opposite of everything LIV has said publicly for four years. The part that matters most is who actually absorbs this. The top players already collected. The vendors did not. One company was four years out on a contract worth millions of euros a year, and it is gone, with almost half the staff laid off. That is the real legacy of LIV Golf 1.0. Trey Wingo Golf is part of the Wingo Network. Subscribe for coverage of the golf business as this plays out, and drop your questions in the comments for the next Golf Live. Kalshi: https://kalshi.com/r/WINGO Disclaimer: 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.