LIV Golf filed for bankruptcy protection after months of speculation about its future, but league officials said the move is intended to facilitate a restructuring and launch a new player-owned version of the tour.
LIV Golf announced on Tuesday, Sept. 8, that it voluntarily entered into a court-supervised restructuring process via a Chapter 11 petition in the United States Bankruptcy Court for the District of New Jersey. LIV’s press release reiterated that its revamped format will be majority-owned by the players. CEO Scott O’Neill also acknowledged a new investor in BC Partners, the private equity firm he previously declined to name publicly…
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