LIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA, has filed for bankruptcy protection in the United States.
Launched in 2022, free-spending LIV caused shock waves and bitter divisions in the golf world, before losing the backing of its deep-pocketed Saudi investors earlier this year, prompting a scramble to stay afloat.
The organisation has filed a Chapter 11 petition, which allows a company to reorganise operations while avoiding the initiation of any lawsuits, debt collection, or other attempts to enforce closure.
Former PGA Golfer Marcus Wheelhouse told Mike Hosking it's possible a new model will emerge from the other side of this, though it will be smaller.
He says the key is whether the brand will survive from a reputation point of view, as they owe a lot of people and organisations money.
Wheelhouse says they have a lot of challenges ahead.
Podden och tillhörande omslagsbild på den här sidan tillhör
Newstalk ZB. Innehållet i podden är skapat av Newstalk ZB och inte av,
eller tillsammans med, Poddtoppen.
