LIV Golf: Players free to leave after competition files for bankruptcy protection
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LIV Golf has filed for bankruptcy protection as it attempts to restructure after Saudi Arabia withdrew its multibillion-dollar funding - a move that means all its players are free to leave.
A Chapter 11 petition, which LIV says is to "preserve the company's business", was filed in the United States on Tuesday.
The breakaway league says it has found a new investor in BC Partners, following the decision in April by Saudi Arabia's Public Investment Fund (PIF) to pull its funding.
Confirmed
LIV Golf has filed for bankruptcy protection as it attempts to restructure after Saudi Arabia withdrew its multibillion-dollar funding - a move that means all its players are free to leave.
The breakaway league says it has found a new investor in BC Partners, following the decision in April by Saudi Arabia's Public Investment Fund (PIF) to pull its funding.
Unverified
A Chapter 11 petition, which LIV says is to "preserve the company's business", was filed in the United States on Tuesday.