BURNING CASH

LIV Golf files for bankruptcy with millions in debt to star players

Saudi Arabia’s Public Investment Fund, which stopped financing LIV this year, will provide $49.6 million to keep it operating during the restructuring

Michael Miller/ISI Photos/ISI Photos via Getty Images

LIV Golf tournament in Indianapolis

Saudi-backed LIV Golf filed for bankruptcy, revealing millions of dollars in debts to some of its biggest stars after the upstart league burned through some $5 billion in four years.

Jon Rahm is owed more than $7.4 million,...