LIV Golf Files Bankruptcy

NewarkSaudi Arabia’s fund wrote off a golf bet.

The fund put over $5 billion into a league that never found an audience.

The fund owns LIV outright and is now lending it $49.6 million to restructure under Chapter 11 protection.

Creditors Jon Rahm, Bryson DeChambeau and Dustin Johnson await a 2027 exit backed by BC Partners.

How each outlet framed it

drawn from 150+ reports worldwide

Rediff.com India Ltd.: maps restructuring as shift to player-first ownership from PIF control; Rahm and Johnson emerge as major creditors