LIV Golf Files for Chapter 11 Bankruptcy; Cameron Smith is Creditor
- Reports
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- Developments
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- Repetition
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New informationRepeats or wire copies
What happened
LIV Golf filed for Chapter 11 bankruptcy protection this year. Cameron Smith, who is owed $4.8 million by LIV, is listed as a creditor in the unsecured claims. The league's initial financial backers, the Saudi Public Investment Fund, have withdrawn support going forward. LIV's future business and competitive models, often dubbed 'LIV 2.0,' are currently uncertain.
From sydneysun.com
Why it matters
The bankruptcy filing places LIV's operational future in question. Smith is currently in a limbo regarding his competitive future, which includes the potential option of a 12-month suspension from the PGA Tour or remaining with LIV.
From sydneysun.com
Who's involved
- Cameron SmithCreditor of LIV Golf
- LIVGolf league facing financial insolvency and restructuring
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The entities involved
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LIV
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