LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on "Bloomberg The Close." (Source: Bloomberg)
LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on "Bloomberg The Close." (Source: Bloomberg)
<iframe src="https://statesidedaily.com/embed/cluster/800647d8f7b14eb15ff3d3512ef5e5a0e4e195c2" width="100%" height="320" style="border:0;max-width:680px" loading="lazy" title="LIV Golf Files for Bankruptcy Protection"></iframe>
LIV Golf — the Saudi-backed league that upended the sport with a costly splash but failed to identify a viable business model — filed for Chapter 11 bankruptcy protection on Tuesday. Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable. The big picture: LIV represents a high-profile flop for its Saudi investors. The bankruptcy filing comes after months of effo…
