LIV Golf files for bankruptcy protection
(AP) — LIV Golf filed for Chapter 11 bankruptcy protection Tuesday in New Jersey with more than $500 million in debt, part of its goal to revive the league without Saudi funding. The move was widely expected after the Public Investment Fund of Saudi Arabia abruptly ended its financial support this year. The final event was last month in Indiana. Four vendors already have filed lawsuits because they have not been paid. LIV said it has agreed to a restructuring plan with BC Partners as the primary source of its capital. "This process gives us the structure and time to pursue a ...