LIV Golf Files for Chapter 11 Bankruptcy: Saudi Arabia Exits as League Reorganizes for ‘LIV 2.0’

the staff of the Ridgewood blog

Ruidgewood NJ, In a seismic shift for professional sports, LIV Golf has officially filed for Chapter 11 bankruptcy protection in New Jersey. The filing marks the conclusion of the league’s multi-billion-dollar backing from Saudi Arabia’s Public Investment Fund (PIF) and sets the stage for a complete structural overhaul.