LIV Golf Prepares for Bankruptcy Filing as It Negotiates Funding Package
Source Summary
LIV Golf, the Saudi-backed challenger golf league, is preparing for a bankruptcy filing in September while negotiating a funding package with BC Partners. The restructuring would involve a slimmed-down circuit as part of the financial reorganization.
Why it matters
The bankruptcy filing would mark a major restructuring of the golf league that has spent heavily to compete with the PGA Tour since its 2022 launch.
What remains uncertain
The outcome of negotiations with BC Partners and the final terms of the funding package remain unconfirmed.
