DAILYCALLER (Alexander Pease) - LIV Golf Files For Bankruptcy In US, Two Superstars Owed Millions
CEO: ‘next era’ of LIV loading…
AXIOS (Nathan Bomey) - LIV Golf files for bankruptcy protection
LIV Golf — the Saudi-backed league that upended the sport with a costly splash but failed to identify a viable business model — filed for Chapter 11 bankruptcy protection on Tuesday. Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable. The big picture: LIV represents a high-profile flop for its Saudi investors. - The bankruptcy filing comes after months of efforts to lure new backers and chart a new path for a league that struggled to draw significant TV ratings. Catch up quick: The Public Investment Fund — Saudi Arabia's sovereign wealth fund — confirmed in April that it was withdrawing…
AMERICANALMANAC (Ken Jacobs) - Bryson DeChambeau reportedly tried to drag Trump into his Open Championship penalty dispute
Bryson DeChambeau allegedly threatened to phone President Trump during a heated argument over a two-stroke penalty at The Open Championship, a move that fellow golfers and officials rejected outright. DeChambeau drew the penalty during Friday's second round at Royal Birkdale after rules officials determined he had stepped on tall fescue grass behind his ball on […] The post Bryson DeChambeau reportedly tried to drag Trump into his Open Championship penalty dispute appeared first on American Almanac .
Bryson DeChambeau allegedly threatened to phone President Trump during a heated argument over a two-stroke penalty at The Open Championship, a move that fellow golfers and officials rejected outright. DeChambeau drew the penalty during Friday's second round at Royal Birkdale after rules officials determined he had stepped on tall fescue grass behind his ball on the fifth hole, illegally improving the line of his backswing. The ruling turned a strong 66 into a 68, dropping him from a tie for second place at 7-under to 5-under and a tie for fifth. What followed was a roughly thirty-minute confrontation with officials in the tournament scoring area that, by multiple accounts, crossed from competitive frustration into something far stranger. …Open
AXIOS (Dan Primack) - Scoop: How LIV Golf plans to stay alive
LIV Golf is better known for its financial banking than for its product, but now is asking investors for a chance to flip the script. Driving the news: Axios has learned that the league, which recently lost the support of Saudi Arabia's Public Investment Fund, will seek to raise up to $250 million from new investors. Catch up quick: LIV was launched in 2022 by Saudi PIF as a less stodgy rival to the PGA Tour, with which it eventually would try but fail to merge. - For Saudi PIF, a new pro golf league was either an effort at economic diversification or at sports-washing its reputation. Either way, it currently owns almost all of LIV and around 75% of each team. Behind the scenes: LIV plans to share the fundraising plan with its players,…