LIV Golf announced it will shut down operations as it files for bankruptcy in New Jersey Court. The tour has received more than $5 billion from Saudi Arabia’s Public Investment Fund since 2022.
Key points
Planned shutdown filed in New Jersey Bankruptcy Court.
Saudi Public Investment Fund invested over $5 billion since 2022.
Sources
LIV Golf to liquidate after investor pulls funding
LIV Golf is expected to liquidate after a proposed investor pulled its funding this week. The league was previously described as embattled and once upended the sport.
Key points
Expected liquidation of LIV Golf
Investor withdrew funding this week
Sources
- Original post
- on.wsj.com - Linked in the post
