Phil Mickelson Faces Setback Amid LIV Golf Bankruptcy
Phil Mickelson's association with LIV Golf has encountered a significant challenge following the league's Chapter 11 bankruptcy filing in New Jersey on September 8, 2026. Initially a strong supporter and recruiter for LIV, Mickelson's ownership stake is now documented as just 0.23%, the smallest among listed stakeholders.
The bankruptcy filing disclosed that Saudi Arabia's Public Investment Fund owns 98.48% of LIV Golf, while Mickelson's stake ties him with former CEO Greg Norman. Despite his early commitment to the league and a reported $200 million deal, Mickelson's current situation reflects a stark contrast to his previous prominence within LIV.
As LIV Golf restructures under a proposed agreement with BC Partners, which includes a $300 million commitment, the future of Mickelson's ownership stake remains uncertain. This filing comes during a notably quiet period in Mickelson's career, as he has only participated in one tournament in 2026 and has withdrawn from several major events due to personal reasons.
