LIV Golf files for bankruptcy protection after funding cuts

In the US, LIV Golf has filed for bankruptcy protection in New Jersey after losing financial support from Saudi Arabia's PIF. The league's CEO, Scott O'Neil, announced a restructuring plan that will transform LIV Golf into a new version with players as majority owners. The organization aims to emerge from bankruptcy and relaunch by 2027, despite facing significant liabilities and legal challenges from unpaid vendors.