LIV Golf's Bankruptcy Raises Questions About Saudi Arabia's Sport Funding Strategy LIV Golf has filed for bankruptcy protection, citing estimated liabilities of $500m to $1bn and a dwindling player base.
This latest chapter in the saga has left the golf world reeling as the sudden withdrawal of funding from Saudi Arabia's Public Investment Fund (PIF) sends shockwaves through the sport.
The PIF had invested $5 billion in LIV Golf, but it appears that this investment has unraveled due to a change of heart.