Monday, 31 August, 2026
Saudi Cash Depleted, LIV Golf Prepares for September Chapter 11
By TechShots Studio
LIV Golf is preparing to file for bankruptcy protection as early as the week of September 7, according to the Financial Times. Scrambling to secure new capital after Saudi Arabia's Public Investment Fund (PIF) pulled funding for its $5 billion experiment, the breakaway league faces severe liquidity strains, widespread workforce layoffs, and urgent efforts to restructure massive player contracts.
Read full story at REUTERS