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LIV Golf moves to liquidation as tour faces bankruptcy after major investor pulls support

LIV Golf is moving from crisis to bankruptcy, the tour’s lawyers said during a hearing in bankruptcy court in New Jersey, The Athletic reports.

Saudi Arabia’s Ceer Unveils Luxury Electric Cars as It Opens First Riyadh Showroom

Saudi Arabia’s new electric car brand has opened its first store in the capital, Riyadh. Its first two luxury models have been unveiled, but competition is fierce.

LIV Reportedly Owes Jon Rahm $143 Million as They Negotiate His Exit

The struggling LIV golf tour is reportedly said to owe superstar John Rahm the equivalent of 1.5 billion kronor (about $143 million), Sky Sports and other outlets report.

Jon Rahm leaves LIV Golf, saying tour’s conditions are unacceptable

Spanish star Jon Rahm is leaving the struggling LIV Golf tour.

LIV Golf Secures $300 Million Investment From BC Partners Amid Bankruptcy Restructuring

The credit arm of finance company BC Partners is investing $300 million, equivalent to three billion kronor, in the struggling LIV golf tour, the company said in a press release.

LIV Golf files for Chapter 11 bankruptcy protection in the US

The LIV Golf Tour is filing for bankruptcy protection in the United States. "Simply put, the process is designed to build a stronger and more sustainable future for LIV Golf," says tour CEO Scott O'Neil.

Sources: LIV Golf to file for Chapter 11 bankruptcy protection

LIV Golf lays off more than 90 percent of staff as Saudi funding winds down

The LIV golf tour is starting to adapt to life after Saudi Arabia's cash infusion. Over 90 percent of its staff have been laid off, The Telegraph reports.