LIV Golf focused on funding solution amid reports of potential bankruptcy

LIV Golf said on Tuesday it remains focused on securing a transaction that positions the organization for the long-term in response to a report that said the rebel circuit has begun laying the groundwork for a potential US bankruptcy filing as a last resort if it fails to raise new funds.

Saudi Arabia's Public Investment Fund, which has spent more than $5 billion on LIV Golf since it launched in 2022, said in April that investing in the league no longer fit with its investment strategy.

The PIF'