LIV Golf is reportedly planning to file for bankruptcy in order to restructure contracts and the debt burden it has. The news comes amidst concerns over the future of the rebel golf league, which is reportedly close to securing over $250 million in investment. Players with outstanding contract payments have been offered equity offers in the new version of the league, potentially making them majority owners of LIV Golf 2.0 if funding is secured. One of the biggest factors in LIV's future is player Jon Rahm, who is reportedly owed $9 figures for his deal signed ahead of the 2024 season that still has multiple years left. The deal is expected to be finalised in September.