LIV Golf files for Chapter 11 bankruptcy protection

LIV Golf, the upstart professional golf league, filed for bankruptcy protection following mounting financial pressures tied to its primary funding source. The organization announced the filing on a Tuesday, entering into a restructuring support agreement with BC Partner Advisors LP, the credit division of private equity firm BC Partners. The move comes as the league confronts a significant funding transition, with its Saudi Arabian backer, the Public Investment Fund, preparing to conclude its f