Michael LaSasso Joined LIV Golf Creditors Committee
The rookie golfer was appointed to represent creditors as LIV Golf navigates its Chapter 11 bankruptcy reorganization.
Updated on Sept. 30, 2026 in Golf
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Professional golfer Michael LaSasso has been named to the Official Committee of Unsecured Creditors following LIV Golf's Chapter 11 bankruptcy filing on September 8. LaSasso is the only golfer serving on the seven-member committee, which oversees the league's restructuring process.
Why it matters
The committee acts as a fiduciary body, allowing members to consult with the league and shape a reorganization plan while LIV Golf manages debts following the withdrawal of funding by Saudi Arabia's Public Investment Fund.
LIV Golf bankruptcy case 26-20189 involves over 1,000 creditors, including Jon Rahm with a $7.5 million claim and Phil Mickelson with a 0.23% ownership interest. The proposed restructuring plan includes a $300 million deal with BC Partners and a 52.5% player stake.
The players
Michael LaSasso
He is a 22-year-old rookie golfer who is the only professional athlete appointed to the Official Committee of Unsecured Creditors.
Jon Rahm
He is a professional golfer who is currently listed as an unsecured creditor in the LIV Golf bankruptcy case with a $7.5 million claim.
Phil Mickelson
He is a professional golfer and LIV Golf participant who holds a 0.23% ownership interest in the organization.
U.S. Bankruptcy Court for the District of New Jersey
This federal judicial body is the agency currently overseeing the bankruptcy proceedings and reorganization of LIV Golf.
BC Partners
This investment firm is identified in the proposed reorganization plan as the source for a $300 million financing deal.
The details
LaSasso, who signed a deal with the High Flyers GC team on June 20, represents the interests of Birdie Golf, LLC, an entity listed as a creditor. Members of this committee are tasked with participating in the shaping of a reorganization plan that aims to bring the league out of bankruptcy by early 2027.
Timeline
June 20, 2026: Michael LaSasso signed a multi-year deal with the High Flyers GC team.
August 23, 2026: The LIV Golf season concluded in Indianapolis.
September 8, 2026: LIV Golf filed for Chapter 11 bankruptcy in New Jersey.
September 30, 2026: The U.S. Trustee appointed LaSasso to the creditors committee.
Early 2027: LIV Golf plans to emerge from the bankruptcy reorganization process.
Season Trajectory
The bankruptcy case fundamentally alters the league's financial structure and long-term ownership model. By proposing that players take a majority 52.5% stake in the reorganized league, the plan marks a major shift in the competitive balance and governance of professional golf.
The restructuring plan's proposal to award players a 52.5% equity stake in the new organization creates a significant incentive model that could change future player movement and contract negotiations. Creditors like Jon Rahm must navigate the recovery process for their multi-million dollar unsecured claims under the new bankruptcy oversight.
The takeaway
The appointment of a player to the creditors committee signals an attempt to give athletes a direct voice in the league's financial survival. If the reorganization plan is confirmed, players will transition from employees to majority owners of the new league structure.
Further reading
For more on the current state of professional tours, visit the Golf section.
Source note: This article includes information reported by EssentiallySports.
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