Troubled league LIV Golf files for bankruptcy protection in US
- LIV Golf says it intends to restructure its business with a $49.6m bankruptcy loan provided by the Saudi PIF.
- Less than five years after it held its first event and created a schism in professional golf, LIV Golf has filed for bankruptcy protection in New Jersey, United States.
- The Chapter 11 bankruptcy, or reorganisation bankruptcy, filed on Tuesday, allows the debtor to remain in possession and operate its business, according to US Courts.
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- LIV Golf says it intends to restructure its business with a $49.6m bankruptcy loan provided by the Saudi PIF.
- Less than five years after it held its first event and created a schism in professional golf, LIV Golf has filed for bankruptcy protection in New Jersey, United States.
- The Chapter 11 bankruptcy, or reorganisation bankruptcy, filed on Tuesday, allows the debtor to remain in possession and operate its business, according to US Courts.
Sources: Al Jazeera