LIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA, has filed for bankruptcy protection in the United States. 

Launched in 2022, free-spending LIV caused shock waves and bitter divisions in the golf world, before losing the backing of its deep-pocketed Saudi investors earlier this year, prompting a scramble to stay afloat. 

The organisation has filed a Chapter 11 petition, which allows a company to reorganise operations while avoiding the initiation of any lawsuits, debt collection, or other attempts to enforce closure. 

Former PGA Golfer Marcus Wheelhouse told Mike Hosking it's possible a new model will emerge from the other side of this, though it will be smaller. 

He says the key is whether the brand will survive from a reputation point of view, as they owe a lot of people and organisations money. 

Wheelhouse says they have a lot of challenges ahead.  

LISTEN ABOVE  

LIV Golf, the breakaway tour that spent billions of dollars luring top players away from the PGA, has filed for bankruptcy protection in the United States.&nbsp;
Launched in 2022, free-spending LIV caused shock waves and bitter divisions in the golf world, before losing the backing of its deep-pocketed Saudi investors earlier this year, prompting a scramble to stay afloat.&nbsp;
The organisation has filed a Chapter 11 petition, which allows a company to reorganise operations while avoiding the initiation of any lawsuits, debt collection, or other attempts to enforce closure.&nbsp;
Former PGA Golfer Marcus Wheelhouse told Mike Hosking it's possible a new model will emerge from the other side of this, though it will be smaller.&nbsp;
He says the key is whether the brand will survive from a reputation point of view, as they owe a lot of people and organisations money.&nbsp;
Wheelhouse says they have a lot of challenges ahead. &nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Marcus Wheelhouse: Former PGA Golfer and Professional Coach on LIV Golf filing for bankruptcy protection

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/42a8020c-2acb-4ccb-be6b-b4c001673545/transcript