LIV Golf Files for Bankruptcy Protection, Reportedly Owes Players $45m
The Saudi-backed golf league says it intends to launch its next season early next year after filing for bankruptcy protection in the United States.
LIV Golf has filed for bankruptcy protection in the United States, according to a report by BBC Sport.
The filing comes with the league reportedly owing around $45m (£35m) to its players, BBC Sport said.
Despite the bankruptcy filing, LIV Golf intends to start its new league season early next year, according to the report.
Further details on the bankruptcy proceedings, the reasons behind the filing, and how player payments will be handled were not immediately available.
Sources
- LIV files for bankruptcy protection with $45m owed to players — BBC News — World
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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