LIV Golf has begun laying the groundwork for a potential US bankruptcy filing if it fails to raise new funds, according to people familiar with the matter.
The golf league is currently looking for money after its main backer, the Saudi Public Investment Fund, pulled its funding. While LIV’s management and advisers are looking for options, including trying to find investors, they are preparing for the league’s collapse when the season ends in late August as a possible outcome, said the people, who asked not to be named discussing private information.
