LIV Golf has filed for Chapter 11 bankruptcy protection as Saudi Arabia’s Public Investment Fund was set to pull its funding at the end of the 2026 schedule. The golf league has entered into a restructuring support agreement with private equity firm BC Partners that will make players majority owners of the venture. PIF has agreed to provide 49.6 million dollars in bankruptcy financing to allow LIV Golf to stay afloat during proceedings. Founded as a rival to the PGA Tour and heavily funded by Saudi money, the league had launched an investor roadshow earlier this year seeking to raise up to 350 million dollars.
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