LIV Golf, the golf league initially funded by Saudi investors, has filed for Chapter 11 bankruptcy. The league is involved in ongoing discussions with players regarding the possibility of creating a smaller, player-owned league. Former PGA Tour stars such as Bryson DeChambeau and Jon Rahm play key roles in this effort to revitalize the bankrupt circuit.
LIV Golf owes millions to its players, including DeChambeau, highlighting the financial challenges the league faces as it seeks a new direction. The idea of a slimmer league owned by players themselves is seen as a potential solution to these fiscal issues.
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