LIV Golf's uncertain future in Central Indiana

• But the loss of funding and a possible bankruptcy filing could result in its swift removal from Central Indiana's booming sports landscape.

Driving the news: Axios reported this week that the league is seeking to raise up to $250 million from new investors after losing the support of Saudi Arabia's Public Investment Fund.

• A Bloomberg News report published Tuesday adds that the organization has begun planning to file for bankruptcy in the U.S. if it can't raise new funds by the end of the 2026 season, which includes LIV's return to The Club at Chatham Hills on August 20-23.
• There's also talk of moving LIV Golf HQ to states with more favorable bankruptcy restructuring laws.

What they're saying: In a statement provided to Axios Indianapolis on Wednesday, a LIV Golf spokesperson said the league is "focused on securing a transaction that positions the organization for the long-term," adding that the 2026 schedule remains unchanged.

• "We continue to see great momentum on the course and with support through the 2026 season and a clear plan to raise capital," said the statement.

Catch up quick: For Saudi PIF, launching a new pro golf league in 2022 was either an attempt at economic diversification or at sports-washing its reputation, Axios' Dan Primack reports.

• It currently owns almost all of LIV and around 75% of each team.

Flashback: The inaugural LIV Golf Indianapolis was hailed as a major success by the league and the city of Westfield.

• It set a U.S. attendance record for LIV with more than 60,000 fans.
• City officials said 8,000 additional visitors were identified in neighborhoods near Chatham Hills during the event, compared to a typical weekend baseline of 600–700.

• The Hamilton County Sports Authority estimates that $23.6 million in direct local economic activity was generated by the event, with nearly 70% of spending coming from out-of-state visitors.
• "We are thrilled with the response to LIV Golf Indianapolis in 2025, and we are excited to see an even greater impact in 2026 as this event continues to grow," the Westfield Economic Development Department said in a February statement.

Plus: Last summer's tournament played a major role in the launch of the Butler Institute for Sports & Entertainment by giving a crew of student Bulldogs in the program the opportunity to work the event.

The latest: LIV Golf officials told IndyStar last month that plans for their return to Central Indiana are "full steam ahead," and the company continues to add attractions to the tournament.

• The most recent announcement was the addition of DJ and producer Disco Lines to a lineup of musical performers that also includes Thomas Rhett.