LIV Golf Faces Potential Bankruptcy After Losing Saudi Financial Backing

LIV Golf nears bankruptcy

LIV Golf could seek bankruptcy protection as soon as next week after losing Saudi Arabian financial backing, the Financial Times reported Monday. The breakaway golf league is expected to file in federal court in New Jersey, where the bankruptcy cases of companies including WeWork and Rite Aid were handled. LIV recently approached players with a proposal to restructure guaranteed payments due after 2026. Those obligations are reportedly worth tens of millions of dollars, but the league initially

By The Korea Herald