Garcia files to have LIV Golf contract terminated
Golfer Sergio Garcia is seeking to terminate his contract with LIV Golf as the league undergoes bankruptcy restructuring. The move comes as LIV attempts to transition to a new business model following the withdrawal of Saudi Public Investment Fund support.
Why it matters
This legal maneuver reflects the broader financial instability and organizational uncertainty facing the LIV Golf league as it attempts to survive beyond 2026.
Sergio Garcia is pursuing the termination of his LIV Golf contract, a potential path out of the league.
As LIV Golf works toward fulfilling a restructuring agreement following Chapter 11 bankruptcy protection, Garcia's attorney argued in a six-page courtfiling on Wednesday that termination "should not be objectionable" to the league because it "is consistent with (LIV Golf's) statement that the agreement is 'not part of (LIV Golf's) go-forward business plan.'"
The Spaniard's camp further argued that with the contract still in place, "tournament organisers, sponsors and other counterparties may hesitate before dealing with Garcia, who may be unable to represent that they are free of competing contractual commitments".
LIV Golf is attempting to continue in 2027 and beyond under a so-called "LIV2.0" business plan after the Saudi Public Investment Fund withdrew its support.
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