Saudi-backed LIV Golf preparing for bankruptcy filing

Saudi-backed LIV Golf preparing for bankruptcy filing MEE staff on Mon, 08/31/2026 - 19:39 Settlement offers sent out to players after Saudi Arabia cuts its financial support for the upstart golf tour Supporters gather ahead of the start on the first day of the LIV Golf South Africa tourn

The Saudi Public Investment Fund founded LIV in 2022, attracting several top players with high wages, but said this year it would stop funding.

Plus: the U.S. strikes an oil deal with Venezuela, the Nepal-China flood death toll climbs past 900, and congrats to Dawn, the fat marmot.

Aug 22, 2025; Detroit, Michigan, USA; The LIV Golf logo is seen on the 14th green pin flag during the quarterfinals of the LIV Golf Michigan Team Championship at The Cardinal at Saint John's Resort. Mandatory Credit: Aaron Doster-Imagn Images/File Photo 31 Aug 2026 12:14PM Aug 31 : LIV Golf may file for bankruptcy prot

Challenger golf league is negotiating a funding package with BC Partners for a slimmed-down circuit