LIV Golf, the sports upstart originally backed by Saudi Arabia, filed for bankruptcy on Tuesday, all but closing the most tumultuous period in the history of the game, four years after the group briefly tore it apart with an unprecedented influx of money. The league said it has between $500 million and $1 billion of liabilities, between $100 million and $500 million in assets and is seeking to restructure financially after filing for chapter 11 protection in New Jersey. The league has been on life support since earlier this year, when Saudi Arabia’s Public Investment Fund, LIV’s longtime backer, abruptly…

Want to continue reading?

Get unlimited access to The Currency and The Wall Street Journal with an annual membership – and receive a free, signed copy of Vincent Browne’s new book, Charles Haughey: Glory, Greed and Guns, delivered straight to your door.

Subscribe

Cancel at any time.

Are you already a member? .