Golf on goodinfo.net Daily https://goodinfo.net/en/tags/golf/ goodinfo.net daily curated global news: AI, tech, finance, and world affairs. Hugo -- gohugo.io en goodinfo.net Wed, 09 Sep 2026 06:35:00 +0800 [Brief] LIV Golf Files for Bankruptcy Protection With $45 Million Owed to Players https://goodinfo.net/en/posts/world/brief-liv-golf-bankruptcy-sep2026/ Wed, 09 Sep 2026 06:35:00 +0800 goodinfo.net https://goodinfo.net/en/posts/world/brief-liv-golf-bankruptcy-sep2026/ Backed by Saudi Arabia’s Public Investment Fund, LIV Golf announced on September 8 that it had filed for bankruptcy protection in the United States, owing players around $45 million in prize money and salaries. Despite the filing, the league still plans to launch its new season early next year, fueling doubts about the sustainability of the breakaway circuit. [Brief] LIV Golf, the breakaway circuit backed by Saudi Arabia’s Public Investment Fund, formally filed for bankruptcy protection in the United States on September 8. According to court documents, LIV Golf currently owes players around $45 million in prize money and salaries, mainly covering portions of the 2024 and 2025 seasons. The bankruptcy filing is aimed at restructuring the league’s debts through legal process and protecting it from creditor claims. LIV Golf said in its statement that the league still plans to launch its new season in early 2027 and will comprehensively adjust its tournament structure, prize money distribution and business model. The news sparked widespread discussion in the golf and sports industry: despite massive Saudi financial backing, LIV Golf has remained at a disadvantage in its market competition with the traditional PGA Tour, with persistent challenges in viewership, sponsor engagement and player roster. The bankruptcy filing is seen as a strategic adjustment forced on LIV Golf by sustained losses, and its future direction remains highly uncertain.

Source: BBC News

Edited by: GoodInfo Global News Desk

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