LIV Golf has filed for bankruption protection in a New Jersey court.

The future of the breakaway tour was plunged into doubt in April when Saudi Arabia’s Public Investment Fund (PIF) announced that they would be pulling their funding.

The rebel league has spent around £4bn since its launch in 2022 on signing stars such as Bryson DeChambeau and Jon Rahm through hugely lucrative contracts, bonuses and prize money.

But LIV confirmed on Tuesday that it had filed for Chapter 11 protection and had entered a “court-supervised restructuring process”, with BC Partners as the primary source of its capital.

The filing showed LIV faces more between $500m and $1bn in liabilities, with LIV listing between $100m and $500m in estimated assets. Rahm ($7.5m) and DeChambeau ($5.7m) were named as the two leading creditors listed in the filing.

In a statement, LIV said PIF had agreed to provide a $49.6m loan as part of debtor-in-possession financing, and confirmed that the league was planning to return in 2026 under a “player-first ownership model”.

What is unclear is whether top players will sign up to be part of the second iteration of LIV Golf, with former Masters champion Rahm telling the BBC this week that “time will tell” and offering no assurances over his future.

Under the bankruptcy filing, players who had previously signed contracts with LIV Golf will be free to leave. Rahm reached a deal with the DP World Tour in May to play in their events and will tee-up at the Irish Open this week.

“LIV Golf has entered a court-supervised restructuring process that provides us with the time and framework to address previous financial obligations and complete a transaction that will make the league’s next phase a reality,” a statement said. “Put simply, this process is designed to build a stronger and more sustainable future for LIV Golf.”

LIV Golf’s CEO Scott O’Neil said: “This process gives us the structure and time to pursue a landmark transaction and begin the next chapter of LIV Golf – one built around the fans, an innovative, player-first ownership model, and a part of the global golf ecosystem. We are excited about what lies ahead and yet, there is still much to accomplish in the months ahead.”

Former NBA star Ben Simmons is back after he signed a one-year deal with the Sacramento Kings. On Tuesday, the free-agency acquisition was formally announced. Last season, Simmons did not play in the league and spent most of the time recovering from his nagging back issues.

Early in the offseason, the three-time All-Star made headlines when it was revealed that he intended to return to the NBA. Simmons did a private workout in Miami where Kings general manager Scott Perry was present. After that, he worked out in front of coach Doug Christie and the team’s front office in Sacramento.

Simmons’ godfather and former LSU coach David Patrick said the 6-foot-9 forward is working on his outside stroke. The Australian star has always been criticized for not being a reliable 3-point shooter. Patrick confirmed on Monday that the former No. 1 pick is attempting shots on live plays.

“He comes to camp, he’s shooting threes in live play, doesn’t care whether they make or miss… That swagger, that confidence that he once had, is back,” Patrick said on the Matt & Kayla Show on Sactown Sports 1140.

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However, fans are not convinced Simmons is shooting consistently from deep and have trolled him online.

“Confidently shooting bricks is nasty work,” a fan said.

“Did he ever exude confidence or swagger? 🤣🤣🤣” another fan commented.

“he never had that confidence,” one fan said.

More fans trolled the former NBA star.

“We’ve seen this movie before,” someone commented.

“Ben Simmons working on his 3-ball gimmick is back for the 8th straight year lmao,” a comment read.

“N***a 6 years too late,” one fan commented.

Antonio Daniels Believes Signing Ben Simmons is a Good Gamble for the Kings

Ben Simmons arrives in Sacramento as a veteran player who could potentially help the Kings’ youth. Some believe it’s a good offseason acquisition even though he hasn’t played in more than a year. Antonio Daniels, a former champion, believes that signing Simmons was a wise risk for the team.

“You don’t have to be the No. 1 overall pick. You don’t have to do that, just see what you have. Just see what you have physically, see what you have mentally,” Daniels said.

Ben Simmons is not under any obligation to lead the team, according to Daniels. He can now play his game with confidence and little pressure because he is no longer the center of attention.

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