LIV Golf begins potential bankruptcy plans, Bloomberg News reports
LIV Golf has begun laying the groundwork for a potential U.S. bankruptcy filing if it fails to raise new funds, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Reuters could not immediately verify the report.
Saudi Arabia's Public Investment Fund, which has spent more than $5 billion on LIV Golf since it launched in 2022, said in April that investing in the league no longer fits with its investment strategy.
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