LIV Golf financial struggles and Saudi backing

LIV Golf has rapidly declined from a well-funded disruptor to a distressed asset facing a severe liquidity crisis, as Saudi Arabia's Public Investment Fund has shifted its priorities away from the league. With restructuring advisers involved and Chapter 11 bankruptcy contingency plans in place, the league is now desperately cutting costs and canceling tournaments to preserve cash. The end of unlimited sovereign capital has exposed the fundamental weakness of a business model built entirely on external funding rather than sustainable operations.