LIV Golf's ongoing Chapter 11 restructuring, initiated in September 2026 after Saudi PIF funding withdrawal, underpins the 63.2% implied probability against a 2026 shutdown announcement. The league secured BC Partners as lead investor for up to $300 million in exit financing, targeting a player-majority ownership model (52.5% equity) and emergence as LIV 2.0 in early 2027. Plans include a reduced 10-event schedule across five continents, expanded 75-player fields with cuts and Monday qualifiers, and continued team-based global competition. Official court filings and league statements emphasize preserving operations as a going concern rather than dissolution, with PIF providing debtor-in-possession support. These confirmed steps toward sustainability, despite scaled-back purses and staff reductions, reflect trader consensus on continuation over closure.