LIV Golf has announced plans to reorganize its operations following a financial lifeline, securing a $49.6 million loan from the Saudi Public Investment Fund as part of a bankruptcy restructuring process. The move signals a major pivot for the golf tour, which has faced mounting financial pressures in recent months. With the backing of a major sovereign investor, the company aims to stabilize its business while navigating ongoing legal and competitive challenges. Details on how the funds will be deployed and the broader implications for the tour’s future remain unclear.
LIV Golf says it intends to restructure its business with a $49.6m bankruptcy loan provided by the Saudi PIF.
