LIV Golf Files for Bankruptcy, Owes Millions to Players

LIV Golf has filed for Chapter 11 bankruptcy protection in the United States, signaling significant financial distress for the breakaway golf league. The filing reveals that LIV Golf owes at least $45 million to players who had previously signed contracts, including high-profile names like Jon Rahm. This bankruptcy filing provides these players with the option to leave the league.

Despite the financial turmoil, LIV Golf reportedly intends to launch a new, slimmed-down league early next year. The league remains in discussions with players regarding this potential restructuring. The financial situation raises questions about the future viability of LIV Golf and its impact on the professional golf landscape, particularly for the athletes involved.