ARTICLE
23 October 2026

LIV Golf’s Bankruptcy Plan Relies On Player Equity Swap

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Cole Schotz P.C.

Contributor

Founded in 1926, Cole Schotz is an Am Law 200 firm with more than 210 attorneys serving clients across the United States. The firm advises businesses and select individuals on complex legal matters, combining practical guidance with a longstanding commitment to client service and trusted relationships.
Scott Greenberg and Richard Birns of Gibson Dunn are leading the legal charge alongside Michael Sirota of Cole Schotz.
United States Insolvency/Bankruptcy/Re-Structuring

Scott Greenberg and Richard Birns of Gibson Dunn are leading the legal charge alongside Michael Sirota of Cole Schotz. These lawyers are working to save the league while the money runs out. Court filings show the debtors’ motions characterize the new setup as “LIV 2.0 and a team holding company operating beneath it.” The old model relied on guaranteed money from the Saudi state. That source of fuel is gone.

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