LIV GOLF FILES FOR BANKRUPTCY AFTER SAUDI FUNDING WITHDRAWN

LIV Golf has filed for bankruptcy following the withdrawal of funding from its Saudi backers, according to reports. The golf league, which has operated since 2022, had been preparing for the bankruptcy filing for several months after losing support from the Public Investment Fund (PIF). The move comes as the organisation faces significant financial pressure and operational challenges.

LIV Golf was established with substantial Saudi investment and recruited several prominent players from the PGA Tour. The league's financial model depended on continued backing from the PIF, which withdrew its support, leaving the organisation unable to sustain operations. The filing represents a major development in professional golf, where LIV Golf had competed alongside the established PGA Tour structure.

The bankruptcy filing may open a path for players who defected from the PGA Tour to LIV Golf to return to the mainstream tour. Several players who joined LIV Golf had previously competed on the PGA Tour, and reports suggest some are exploring the possibility of moving back. The next steps for the league, its players and potential restructuring arrangements remain to be confirmed.