LIV Golf has filed for bankruptcy protection in the United States, a move that leaves its players free to leave the organisation, according to BBC World. Despite the filing, LIV Golf says it intends to launch its new league early next year. The development marks a significant moment for the Saudi-backed golf venture, which has disrupted professional golf since its creation by attracting leading players away from established tours.

LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey on Tuesday, reporting more than $500 million in debt, as it seeks to restructure and continue operating in a smaller form without Saudi financial backing. The move was widely expected after the Public Investment Fund of Saudi Arabia abruptly ended its funding following the final event of the 2026 season, according to the league, which said it has agreed to a restructuring plan.

LIV Golf has filed for Chapter 11 bankruptcy after losing its primary financial backing, according to IOL. Despite the filing, CEO Scott O'Neil has identified South Africa as a key market for the league's planned revival, dubbed "LIV Golf 2.0," with a proposed return in 2027. The announcement suggests the organisation intends to restructure and continue operations rather than fold entirely, though details of the relaunch remain limited.

LIV Golf has filed for bankruptcy protection, according to The Citizen Sport, while details have emerged of a revamped version of the breakaway golf circuit planned for 2027. The new iteration, dubbed LIV '2.0', is still expected to launch with backing from a new investor, though it remains unclear which leading players will stay involved in the competition going forward.

Camp Mystic, an all-girls Christian camp in Texas, has filed for Chapter 11 bankruptcy reorganization nearly a year after catastrophic floods resulted in the deaths of 25 girls and two teenage counselors. The camp's bankruptcy filing in the U.S. Bankruptcy Court in Houston reveals debts exceeding $10 million, with assets also reported in the range of millions.

A South Korean video game tycoon has been ordered to pay a record $1.5 billion in a divorce settlement, according to Channels Television. The amount surpasses the previous record of 944 billion won awarded in the divorce settlement between SK Group Chairman Chey Tae-won, whose business also owns chip giant SK hynix, and his ex-wife, Roh Soh-yeong. The ruling marks the largest divorce payout in South Korean history, drawing significant attention to the high-stakes financial separations involving the country's corporate elite.