LIV Golf Files Chapter 11 After Burning $6 Billion in Saudi Capital
The Saudi-backed LIV Golf League, which launched in 2022 with nearly $6 billion in PIF funding to challenge the PGA Tour, has filed for Chapter 11 bankruptcy protection.
Capital flows, not scores. Team sales, coaching hires, NIL deals, sponsorship, ownership moves, billionaire sightings — ranked by the pour, read in three minutes, forwarded in under one.
The Saudi-backed LIV Golf League, which launched in 2022 with nearly $6 billion in PIF funding to challenge the PGA Tour, has filed for Chapter 11 bankruptcy protection.
The WNBA's newly ratified collective bargaining agreement increases player salaries, offers equity stakes, and expands roster spots, with players like Sabrina Ionescu noting the immediate financial difference.
Adidas has extended its sponsorship of Overtime Elite, the high school basketball circuit, and now bundles professional development resources to help athletes navigate NIL deals and brand partnerships.
The four-time Olympic gold medalist and sports entrepreneur Kerri Walsh Jennings has accepted a leadership role at the RISE Conference, a gathering of women's sports executives and stakeholders focused on business growth.
The NCAA has won recent legal victories regarding its new eligibility rule system, with a West Virginia federal judge siding with the organization on contested regulations governing athlete transfers and compensation.
Ahead of the inaugural Spanish Grand Prix at Madrid's new street circuit, F1 drivers have identified safety and design challenges, with Pierre Gasly predicting a red flag during the weekend.
Lewis Hamilton has clarified that he is not asking Ferrari for preferential treatment over teammate Charles Leclerc, despite ongoing speculation about team dynamics following their Monza collision.