LIV Golf Insolvent After PIF Withdrawal; $1B Liabilities, Creditors Include Rahm, UNHCR

LIV Golf has become insolvent following the withdrawal of Saudi Arabia's Public Investment Fund, with liabilities reportedly up to $1 billion. Creditors include golfer Jon Rahm and the UNHCR, indicating broad financial exposure. The insolvency signals a major reversal in Saudi sports investment strategy and raises questions about the league's viability and contractual obligations.