LIV Golf, the Saudi-backed breakaway golf league launched in 2021, has filed for Chapter 11 bankruptcy protection in the United States after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar backing in April. Court documents show the league owes at least $45m to players, with top creditors including Jon Rahm ($7.5m) and Bryson DeChambeau ($5.7m), while liabilities are estimated at between $500m and $1bn. The filing gives LIV breathing room to restructure under a proposed new investor, British private equity firm BC Partners, with plans for a revamped, player-owned league — featuring lower prize money and a more sustainable model — targeted to launch early next year.