Nicklaus Golf Co. Gets OK For $10M Ch. 11 Loan

By Rick Archer · November 25, 2025, 8:04 PM EST

A Delaware bankruptcy judge Tuesday gave sporting gear and golf course design company Nicklaus Cos. permission to tap $10 million in Chapter 11 financing, even though counsel for founder and pro...

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Bankruptcy Scorecard

Summary

Golf merchandise and course design group GBI Services, Nicklaus Companies LLC and affiliates filed for bankruptcy protections, saying it was dangerously low on liquidity. The filing came shortly after a Florida state jury awarded $50 million to the debtor's co-founder and namesake, golf icon Jack Nicklaus, for his defamation lawsuit against the company.

Case Number

1:25-bk-12089

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$500 million to $1 billion

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Related Sections

Case Information

Case Title

GBI Services, LLC

Case Number

1:25-bk-12089

Court

Delaware

Nature of Suit

Date Filed

November 21, 2025

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