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.