LIV Golf’s Bankruptcy Plan Relies On Player Equity Swap

AI Summary

LIV Golf is facing bankruptcy after Saudi funding reportedly dried up, and its proposed restructuring would exchange players’ unpaid compensation for equity in the reorganized league. The plan would make players stakeholders as part of efforts to address the league’s financial crisis.

LIV Golf faces bankruptcy as Saudi funding dries up. The new plan demands players trade unpaid pay for equity stakes in the reorganized league.