LIV Golf files for bankruptcy protection as it looks to ‘begin the next chapter’

LIV Golf has filed for bankruptcy protection in a New Jersey court after losing its Saudi financial backing earlier this year. The filing signals the organization's intent to restructure and return in a new form, with high-profile players including Jon Rahm, Bryson DeChambeau, and Cameron Smith listed among the creditors. LIV had previously spent billions of dollars attracting top players away from the PGA Tour, causing significant divisions within professional golf.