Sports
LIV Golf files for bankruptcy to pivot to player-ownership model
LIV Golf faces estimated liabilities between $500 million and $1 billion after the Saudi PIF withdrew funding, leaving star players as unsecured creditors.
Topic
Public Investment Fund
Sports
LIV Golf files for bankruptcy with over $500 million in debt
The league faces massive liabilities after the Saudi Public Investment Fund ended its support, leaving marquee players as unsecured creditors.