- LIV Golf has filed for Chapter 11 bankruptcy protection in the United States in a bid to preserve the organisation as a going concern following the withdrawal of support from Saudi Arabia's Public Investment Fund in April.
- Court filings reveal that the breakaway tour faces liabilities between $500m and $1bn against estimated assets of $100m to $500m, with star golfers Jon Rahm and Bryson DeChambeau listed as leading creditors owed $7.5m and $5.7m respectively.
- Veteran golfer Lee Westwood confirmed he will consider remaining with the breakaway circuit for LIV 2.0, acknowledging that while bankruptcy is bad for many people, the new partner aims to create a sustainable operation.
- Westwood described playing in the rebel league as “a breath of fresh air” and said players are being “kept informed on LIV 2.0”.
- However, Westwood did concede that “mistakes were made” with the first iteration of LIV Golf.
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