LIV Golf has filed for bankruption protection in a New Jersey court.
The future of the breakaway tour was plunged into doubt in April when Saudi Arabia’s Public Investment Fund (PIF) announced that they would be pulling their funding.
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The rebel league has spent around £4bn since its launch in 2022 on signing stars such as Bryson DeChambeau and Jon Rahm through hugely lucrative contracts, bonuses and prize money.
But LIV confirmed on Tuesday that it had filed for Chapter 11 protection and had entered a “court-supervised restructuring process”, with BC Partners as the primary source of its capital.
The filing showed LIV faces more…
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