LIV Golf has filed for bankruptcy protection in the United States as it attempts to restructure following the withdrawal of funding from Saudi Arabia. This move means all players currently contracted with LIV Golf are free to leave the organization.
The filing, made under Chapter 11, is intended to "preserve the company's business as a going concern," according to a statement from LIV Golf. The organization has indicated its intention to launch a new league early next year.
Further details regarding the restructuring and the future of LIV Golf are expected to emerge.