News Summary

• LIV Golf has filed for bankruptcy protection in New Jersey, United States.
• The Chapter 11 bankruptcy, or reorganisation bankruptcy, filed on Tuesday, allows the debtor to remain in possession and operate its business.
• The move offers a rare window into the league’s financial state, with LIV Golf owing between $500m and $1bn in estimated liabilities to at least 1,000 creditors.
• The filing listed several other high-profile golfers as creditors still owed millions in unsecured claims.