LIV Golf's $5 Billion Path to Bankruptcy LIV Golf burst onto the professional golf scene in 2022, backed by a Saudi Arabian sovereign wealth fund and touted as a revolutionary new force in the sport.
With its unique business model and high profile backers, it seemed poised for greatness – but less than two years later, LIV Golf is on the brink of bankruptcy, valued at an estimated $5 billion down from $4.
8 billion just months ago.