LIV Golf files for Chapter 11 bankruptcy in New Jersey

FILE PHOTO: Jun 28, 2025; Carrollton, Texas, USA; The LIV Golf logo and team flags near the tenth tee during the second round of the LIV Golf Dallas golf tournament at Maridoe Golf Club. Mandatory Credit: Raymond Carlin III-Imagn Images/File Photo

Sept 8 (Reuters) - Professional ⁠men's golf league LIV Golf filed for Chapter 11 bankruptcy in New ⁠Jersey on Tuesday, saying it intended to restructure its business with ‌a $49.6 million bankruptcy loan provided by the Public Investment Fund of Saudi Arabia.

The company has between $500 million and $1 billion in liabilities, and between $100 million and $500 million in assets, according to its Chapter 11 petition.