Bryson DeChambeau’s LIV Golf pursuit rocked as $2.1bn firm suffers dramatic collapse after 95 years

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Bryson DeChambeau is owed millions of dollars from LIV Golf and his pursuit of them has a tricky obstacle facing it.DeChambeau and a host of players are among the creditors chasing the rebel golf circuit for monies owed after they filed for Chapter 11 bankruptcy in September.Bryson DeChambeau was among the first players recruited by LIV GolfGettyDeChambeau’s playing future remains unclear despite reportedly ‘being committed to making LIV 2.0 work’gettyThe Public Investment Fund of Saudi Arabia announced its intention to pull itss support and funding for the project at the end of the 2026 season.While a version of the breakaway league intends to continue next year, under CEO Scott O’Neill and alongside partners BC Partners Credit, it is dependent on a number of factors.DeChambeau is yet to declare his intention for 2027, although ESPN sources reported him as being ‘committed to LIV Golf and working diligently behind the scenes to bring LIV 2.0 to fruition.’For now, the two-time US Open champion and a group of his fellow LIV players have initiated high-profile lawyers after September’s bankruptcy proceedings.With players seeking at least $64.2million in past-due contractual payments per official documents and $100million more in outstanding contract value, Weil, Gotshal & Manges had been recruited by a group of players including DeChambeau.Weil, Gotshal & Manges are one of the most storied Wall Street firms in the US with a proven history of working in corporate bankruptcy, generating approximately $2 billion to $2.1 billion in annual revenue, according to Forbes.However on Wednesday it was announced that the 95-year-old firm is on the brink of shutting down.“For more than 90 years, Weil, Gotshal & Manges has had the privilege of advising clients on some of their most consequential matters,” a statement read.“Following a careful review of strategic alternatives, the Firm’s Management Committee has recommended to the partnership that the Firm pursue an orderly wind-down.”Partners are poised to vote this week on the closure recommendation that comes on the back of failed merger talks and the departure of significant partners.John Rahm has signalled his intention to not be a part of LIV 2.0GettyWhile any closure would be an unwanted distraction, the statement claims that the firm ‘remain committed to supporting its colleagues’ with the indication that they will continue to work on behalf of clients.Who will play on LIV Golf 2.0?DeChambeau, who has concentrated on a thriving YouTube channel which has more than three million subscribers, is the most high profile name who has yet to officially commit one way or the other on LIV’s new project.Private investment vehicle BC Partners Credit have pledged up to $300million if certain conditions are met, but the breakaway circuit has been hit by a wave of high profile exits.LIV Golf 2.0Players leaving LIV Golf for 2027Sergio GarciaJon RahmDavid PuigAbraham AncerLouis OosthuizenIan PoulterTyrrell HattonLucas HerbertBranden GraceGraeme McDowellFive years on from the billion dollar recruitment drive that lured high profile names from the PGA Tour and DP World Tour, a number of those same players have decided their future lies away from the LIV circuit.A number of players have officially confirmed their intention not to play on LIV in 2027, while a number have had their contracts rejected or terminated following the bankruptcy petition.Brooks Koepka and Patrick Reed got a head start on other players, by returning earlier this year, Koepka played 14 times across the season on the PGA Tour, while Reed has played all year on the DP World Tour.He is second on the Race to Dubai standings with just two events remaining, but is also eligible to return to the PGA Tour, from the start of the current Fall Series.PGA Tour CEO Brian Rolapp indicated at the Tour Championship in August that the Returning Member Programme would not offer the same flexibility that allowed Reed and Koepka to return.However, since then a number of players have decided to end their LIV association and while PGA Tour chances might be hard to come back, the DP World Tour looks to be ready to open it’s doors.