LIV Golf has filed for bankruptcy protection, with at least $45m (£33m) owed to players. The filing gives affected players the option to leave the organisation.
The development places the future of players’ arrangements with LIV Golf under review. Those owed money will now have to consider whether to remain with the organisation or use the option to depart.
The available information does not specify how many players are affected, how the debt arose or what the bankruptcy protection process will involve. It also does not provide details of any proposed restructuring or timetable for resolving the amounts owed.
What is known at this stage is that LIV Golf has sought bankruptcy protection and owes at least $45m (£33m) to players, who will now have the option to leave.
