Bankruptcy filings are notoriously difficult, but every bankruptcy judge must admit that paperwork is tedious. If a company declares bankruptcy, and thereby seeks a legal defense against its current state, it would be better to explain why.
But the process is as much a nightmare for lawyers as it is for printers. It is not long for the number of pages to cross the threshold of ten thousand. On Thursday evening alone, thousands of pages were filed in the case of the loss of LIV Golf, across a lot of international entities, its 13 franchises and dozens of other subsidiaries. Looking at this might send you into a daze, but there is a lot that can be gleaned from these documents, which have been prepared by LIV management and consultants. Thursday’s discovery offered one goal: LIV Golf is due many companies of money.
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Of course, that was probably meant by all of us familiar with the Saudi society. But a closer look shows just how expensive it is to run any golf league, but especially one that tends to lean on the meaty technical and deep-pocketed competitions.
Thursday’s filing included a huge list of assets and liabilities for LIV Golf Incorporated, with amounts ranging from $13.46 million to millions owed to Jon Rahm and Bryson DeChambeau. Many of the contracts that kept LIV Golf in September have been or are expected to be rejected, but that’s beside the point. The documents are a reminder many The team had struck a deal with Liv Golf.
Take the $178,087.50 LIV that was owed to the Society of American Composers, Authors and Publishers, presumably to license the music to be played at their events and platforms. In this case, it costs a lot of money to be Golf But Louder.
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There is $9,350 that LIV owed to ASAP Sports, a transcription service used for interviews and transcripts by the golf industry. LIV owes $28,689.24 to AT&T and $49,609.59 to Avalara Inc., a tax and compliance company (and thus a few about companies with the letter “A”).
There are printing, insurance, travel management, and public accounting companies. There are well-known brands such as Equinox, which owes $22,850, or Uber, which owes $89,407. And then there are other more genre-sounding ones, like Events Inc. Exciting (owed $7,000), Narrative Strategies LLC (owed $27,000) or Corpus Technology SportsMEDIA (owed $352,418.50, number 55 argued).
There are recognizable names, such as the radio host Jerry Foltz, or the Club in Chatham Hills, the host of the final race of the LIV event in Indiana. But then there are others who sound a bit blunt on the surface. According to the filing, LIV was owed $25,804.26 as Deer, Inc. – the company had comedian Andrew Santino, who for years published LIV Golf’s content – although LIV marked it as a controversial claim.
In addition to the business in action, the league was a constant torture with one helluva tab. Much of that was done through public affairs that unfolded over the summer, when the Saudi PIF declared it would no longer fund LIV in the future — forcing LIV CEO Scott O’Neil to face questions about the bankruptcy weeks before he was ready to officially sign it.
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But beyond that was was due, there are further documents which it is honors. As quarterly payments of $4.946 million to Rahm – totaling just short of $20 million annually, for the Player Participation Agreement (read: contract). A large settlement was made with Greg Norman in September 2025, for $5.8 million. On the same day, another $3.6 million bonus was paid to Norman, nearly eight months after he was replaced as CEO. Not far from Norman’s list are the names of Eugene Davis and Jon Zinman, who on April 5th were brought in as independent directors to oversee the renovation business, each earning $150,000 per month. (That’s right, the people were introduced to arrange business structure and how new money flows, they also make a nice penny).
There is another word that is used in the most recent filings: Undetermined. On page 292 of document LIV Golf Incorporated’s outline of assets and liabilities, the word U-808 is found several times. Sometimes the definition is noted to explain how things are in the filing, otherwise the number owed, as Phil Mickelson says, is undefined. How much money 50 Golf may It should be the parties that have achieved this, such as the World Golf Group and the Premier Golf Group – who say they have taken 50 ideas from their original ideas – is who
All this just remember to save one last thing about LIV Golf 1.0. He wanted to be everything, and the price everything. And in the end, that doesn’t work out.
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