LIV Golf Incorporated and its affiliates (collectively, “LIV Golf” or the “Company”) announced that the United States Bankruptcy Court for the District of New Jersey (the “Court”) granted interim approval of all of the Company’s First Day Motions in connection with its voluntary chapter 11 cases at its First Day Hearing on September 9, 2026.

Among other relief, the Court granted interim approval for LIV Golf to access $14 million of the $49.6 million in debtor-in-possession (“DIP”) financing. The Court also authorized the Company to continue paying employee wages and benefits, maintain certain employee programs, and make certain payments to vendors and other business partners.

These approvals provide LIV Golf with the ability to administer the chapter 11 process, continue productive discussions with players regarding their participation in the go-forward League, and advance the proposed recapitalization transaction contemplated by its Restructuring Support Agreement (the “RSA”) with BC Partners Advisors L.P., the credit business of BC Partners (“BC Partners Credit”).

“These interim approvals mark important momentum in this process,” said LIV Golf CEO Scott O’Neil. “Over the past 19 months, we’ve laid the foundation for a more disciplined and sustainable operation for the long term. With the Court’s support, we can advance toward a recapitalization transaction with BC Partners, a strong, committed partner for LIV Golf’s future. Our global roster of players remains at the center of everything we do, and we are moving at pace in our discussions about the future. Our team has carried an enormous load these past few months, and while there is still a lot of work ahead, we are well-positioned to deliver the next era of LIV Golf for our fans, players, and partners in 2027 and beyond.”

LIV Golf expects to return to Court on October 7 for a second day hearing, where it will seek the final approval of its First Day Motions and further approvals in support of an efficient, value-maximizing chapter 11 process. Consistent with the agreed case milestones, the Company intends to move through the process efficiently, with the goal of emerging in early 2027 and beginning the next era of LIV Golf.

Additional information is available at www.omniagentsolutions.com/livgolf. Stakeholders with questions may call the Company’s claims agent, Omni Agent Solutions, toll-free at (888) 918-4632 (U.S. and Canada) or (818) 510-4675 (International), or email LIVGolfInquiries@OmniAgnt.com.

Advisors

Gibson, Dunn & Crutcher LLP is serving as lead legal counsel, Cole Schotz P.C. is serving as co-legal counsel, David Orlofsky of AlixPartners, LLP, has been appointed as Chief Restructuring Officer, Ducera Partners is serving as investment banker, and C Street Advisory Group is serving as strategic communications advisor to LIV Golf.

Paul, Weiss, Rifkind, Wharton & Garrison LLP and Rimon, P.C. are serving as co-legal counsel to BC Partners Credit.

About LIV Golf

As the world’s golf league, LIV Golf blends world-class competition with entertainment and culture to redefine the fan experience, create a lasting impact across its host markets and communities, and grow the game for a new era of players and fans worldwide. The League is constantly innovating to expand team golf, provide meaningful pathways for players, and create new value within the golf ecosystem.

In its 2026 season, LIV Golf featured 57 players from 21 countries competing across 10 countries and five continents, setting multiple national attendance records. The League’s broadcasts reach nearly one billion households across more than 250 international markets and territories, while LIV Golf events have generated more than $1.5 billion in economic impact across host markets since launch.

To learn more about LIV Golf, please visit https://www.livgolf.com/.

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