Following months of rumors, lawsuits and financial unease, LIV Golf has officially filed for bankruptcy. The rival golf league that took on the status quo in pro golf has filed for Chapter 11 bankruptcy in New Jersey, formally marking some end to, as Jon Rahm called it Tuesday morning, LIV Golf 1.0. Chapter 11 is best understood as a corporate restructuring mechanism with intent to continue.
The filing arrived shortly after 4 p.m. ET and includes some information not previously released, like money owed to players and various vendors that have recently taken LIV to court for unpaid services. Also Tuesday, we had confirmation of LIV’s “lead…
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