McIlroy Forecasts LIV Golf Exodus After Chapter 11 Bankruptcy Filing

Rory McIlroy predicts players will exit LIV Golf following its Chapter 11 filing, which revealed liabilities between $500 million and $1 billion.

LIV Golf filed for Chapter 11 bankruptcy protection in the United States on Tuesday, reporting estimated liabilities between $500 million and $1 billion against assets valued at $100 million to $500 million. The filing follows the withdrawal of financial backing from Saudi Arabia's Public Investment Fund (PIF). According to ESPN, Jon Rahm is the league's largest unsecured player creditor, owed approximately $7.5 million, while Bryson DeChambeau is owed $5.8 million. Dustin Johnson and Cameron Smith are also listed among players owed millions.

Speaking at Trump International Golf Links in Doonbeg ahead of the Irish Open, Rory McIlroy stated that the bankruptcy filing likely constitutes a breach of contract, allowing players to seek opportunities on other tours. McIlroy suggested that the return of these players could strengthen the DP World Tour, making international events more competitive during periods when PGA Tour players have fewer commitments.

LIV Golf intends to restructure and launch a "new era" in early 2027 with financial backing from BC Partners Credit. The proposed 2027 model includes expanding fields to 75 players, introducing a cut, and implementing a player-ownership structure. While DeChambeau’s original contract was set to expire after the 2026 season, Rahm and Smith previously held multi-year deals. All three players had rejected a return to the PGA Tour earlier this year, committing to LIV through 2026 prior to the restructuring announcement.