LIV Golf files for bankruptcy protection as it tries to survive in a smaller version
LIV Golf filed for Chapter 11 bankruptcy protection Tuesday in New Jersey with more than $500 million in debt, part of its goal to revive the league without Saudi funding.
TL;DR
- LIV Golf filed for Chapter 11 bankruptcy protection.
- The league has over $500 million in debt.
- The bankruptcy filing is intended to help revive the league.
- The plan is to continue operations in a smaller version.
- The league reportedly aims to do this without Saudi funding.