A significant development has occurred for LIV Golf, as the organization seeks to restructure. The company has accumulated debt exceeding $500 million. This move follows the loss of financial backing from the Public Investment Fund of Saudi Arabia.

Details of the situation are still emerging, with some information available from the source. It is known that a restructuring plan has been agreed upon with a primary capital source. Further information can be found through the original news release, which includes statements from the CEO regarding the future of the organization.