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.

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.

Nairobi City Thunder, a leading basketball team in Kenya, has secured a KSh10 million sponsorship deal from I&M Bank. This funding comes just weeks before the team begins its playoff campaign, as they aim to expand their brand beyond Kenya, according to Tech-ish.

The High Court has halted the liquidation of the Kenya Union of Savings and Credit Co-operatives (KUSCCO) following a legal challenge. The case was filed by RUPSA NWDT Sacco Society Limited, which said it lost Sh108.8 million after the union's collapse. According to Capital FM Business, the court's decision comes amid opposition to the liquidation process, temporarily stopping proceedings while the dispute is considered.

Standard Chartered Bank Kenya has issued a 30-day statutory notice to Nakumatt Investments Limited demanding settlement of more than Sh1.9 billion in outstanding loans. According to the notice, if the debt is not paid, the lender will appoint a receiver to collect rental income from four properties linked to the collapsed retail chain. The move is part of the bank's effort to recover funds owed by the defunct supermarket operator.

Liverpool have announced a five-year shirt sponsorship agreement with Turkish Airlines, according to Al Jazeera. The deal is reportedly worth more than $405 million, a figure that would rank it among the most lucrative sponsorship arrangements in the Premier League. The partnership will see the airline's branding appear on the club's shirts over the course of the agreement. Further financial terms or additional details of the arrangement were not disclosed in the report.