LIV Golf’s Stunning Downfall: From Saudi Billions to Bankruptcy

LIV Golf has filed for Chapter 11 bankruptcy four years after disrupting the professional golf landscape. The league previously attracted top players from the PGA Tour using significant Saudi funding. Currently, the organization faces major financial obligations, with its largest creditors being seven top professional golfers. These athletes are owed sums reaching as much as $7.5 million. This collapse marks a dramatic shift for the upstart league following its initial period of aggressive global expansion.