LIV Golf files for bankruptcy protection

LIV Golf, the Saudi-backed league that dramatically altered the golf landscape with lavish salaries for top players, has filed for Chapter 11 bankruptcy protection, marking a significant setback. This move follows months of struggles to establish a sustainable business model despite its initial high-profile splash. The bankruptcy highlights the challenges of maintaining a competitive alternative to the PGA Tour, raising questions about the long-term viability of such high-spending ventures. This situation underscores the financial risks involved for its Saudi investors and the broader implications for the sport's commercial future.