LIV Golf Files for Bankruptcy Protection Amidst Investor Withdrawal

LIV Golf, the upstart professional golf league that launched in 2022 with significant financial backing from Saudi investors, has filed for bankruptcy protection in the United States. The move comes after the league lost the support of its deep-pocketed backers this year, forcing a scramble to remain operational.

The breakaway tour's filing marks a significant turn for the organization that spent billions attempting to lure top players away from the established PGA Tour, creating considerable division within the sport. While the bankruptcy proceedings begin, the future involvement of key players like Jon Rahm and Bryson DeChambeau remains uncertain as LIV Golf seeks to "begin the next chapter."