LIV Golf: Players free to leave after competition files for bankruptcy protection – BBC Sport
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LIV files for bankruptcy protection with at least $45m (£33m) owed to players, who will now have the option to leave.
A Chapter 11 petition, which LIV says is to "preserve the company’s business" as it attempts to restructure after Saudi Arabia withdrew its multibillion-dollar funding, was filed in the United States on Tuesday.
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LIV Golf intends to commence its new majority player-owned league early next year and it is understood the Chapter 11 process allows it to start talking to players about their participation in LIV’s future.
BBC Sport understands there is no obligation on players to sign on to LIV 2.0, regardless of whether they had previously signed multi-year contracts with LIV Golf.
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