LIV Golf's Bankruptcy Filing: A Cautionary Tale for Ambitious Sports Ventures The news that LIV Golf has filed for Chapter 11 bankruptcy protection should not have come as a surprise, given the precarious financial situation of this would be sports powerhouse.
The venture's rapid decline was fueled by its inability to sustain itself without external support.
At its inception, LIV Golf was backed by Saudi Arabia's Public Investment Fund (PIF) to the tune of hundreds of millions of dollars.