LIV’s newest court filings paint clearest image of league’s lavish spending

Bankruptcy filings are notoriously cumbersome, but every chapter decide would admit the tedious paperwork is crucial. If a company is declaring chapter, and thereby in search of some type of legal safety against its present state, it had higher be in a position to clarify why.

But the course of of doing so is a nightmare for attorneys as much as it is for their printers. It does not take long for the quantity of pages to cross the threshold of tens of 1000’s. On Thursday night alone, 1000’s of pages were filed in LIV Golf’s chapter case, across its lot of worldwide entities, its 13 franchises and dozens of other subsidiaries. Staring at it might ship you into a daze, but there’s loads that can be gleaned from these paperwork, which were ready by LIV’s management and advisors. Thursday’s trove supplied one most important theme: LIV Golf owed many firms money.

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Of course that’s most likely implied by all we’ve identified from the Saudi-backed company. But a nearer look reveals just how costly it is to run any golf league, but in explicit one that needed to stunt on its competitors with flashy tech and deep pockets.

Thursday’s filings included a huge record of property and liabilities for LIV Golf Incorporated, with quantities ranging from $13.46 owed to FedEx up into the tens of millions owed to Jon Rahm and Bryson DeChambeau. Many of the contracts that LIV Golf maintained into September have been rejected or are expected to be rejected, but that’s beside the level. The paperwork are a reminder that many firms had struck a deal with LIV Golf. 

Take the $178,087.50 that LIV owed to the American Society of Composers, Authors and Publishers, presumably for licensing music to play at its occasions and on its platforms. In that case, it prices a lot of money to be Golf But Louder.  

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There’s the $9,350 that LIV owed to ASAP Sports, the transcription service for interviews and transcripts used across the golf industry. LIV owed $28,689.24 to AT&T and $49,609.59 to Avalara Inc., a tax and compliance company (and that’s just a few of the firms that begin with the letter “A”).

There are firms for printing, insurance coverage, journey management, public relations. There are loads of well-known manufacturers, like Equinox gyms, which LIV owed $22,850, or Uber, which LIV owed $89,407. And then there are several generic-sounding others, like Exciting Events Inc. (owed $7,000), Narrative Strategies LLC (owed $27,000) or SportsMEDIA Technology Corp (owed $352,418.50, a quantity LIV has disputed). 

There are recognizable names, like broadcaster Jerry Foltz, or the Club at Chatham Hills, the host course of LIV’s ultimate occasion in Indiana. But then there are others that sound a bit goofy on the floor. According to the submitting, LIV owed $25,804.26 to Run Like a Deer, Inc. — the company owned by comic Andrew Santino, who created broadcast content material with LIV Golf over the years — though LIV marked it as a disputed claim.

Over the course of doing business, the league was continuously racking up one helluva tab. Lots of that turned public via lawsuits it was pulled into over the summer season, once the Saudi PIF made clear it was no longer funding LIV into the future — forcing LIV CEO Scott O’Neil to face questions about chapter weeks before he was prepared to publicly commit to it. 

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But beyond what was owed, there is further proof of what was paid. Like the quarterly funds of $4.946 million to Rahm — totaling just short of $20 million yearly, for his Player Participation Agreement (learn: contract). There was a huge settlement paid to Greg Norman in September 2025, for $5.8 million. On the same day, another $3.6 million bonus was paid to Norman, roughly eight months after he was changed as CEO. Not far from Norman’s identify on the sheet are Eugene Davis and Jon Zinman, whom LIV introduced in as impartial administrators in April to oversee restructuring of the business, each incomes $150,000 a month. (That’s proper, the people introduced in to settle the construction of the business and decide how new money will movement all through it, they make a fairly penny, too.)

There’s another phrase that is used all through the most latest filings: Undetermined. In the 292-page doc outlining LIV Golf Incorporated’s property and liabilities, that U-word is discovered 808 instances. Sometimes to clarify the definition of how issues are famous in the submitting, but otherwise to clarify that the quantity owed to, say, Phil Mickelson, is undetermined. The quantity of money LIV Golf may owe the events who had been suing it, like World Golf Group and Premier Golf Group — who claim LIV took ideas from its authentic concepts — is undetermined. 

All of which should just serve as one ultimate memento of LIV Golf 1.0. It needed to be everything, and it was paying for everything. And in the finish, that did not work out.

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