LIV Golf Reportedly Preparing for Bankruptcy as Saudi Sovereign Fund Halts Funding
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The professional golf tour LIV Golf is reportedly preparing for a potential U.S. bankruptcy filing amid funding pressure, according to foreign media. This comes as its main backer, Saudi Arabia's Public Investment Fund (PIF), has decided to cease funding after the 2026 season. The financial strain has already led the Asian Tour to cancel a planned prize money increase for this week's Korea Open, which LIV Golf had pledged to support with an additional $500,000.