LIV Golf has filed for Chapter 11 bankruptcy protection as its Saudi-backed financial support diminishes, triggering significant changes in professional golf. Leading players including Jon Rahm and Bryson DeChambeau, who are owed substantial sums, now face potential free agency status. The restructuring marks a pivotal moment for the upstart circuit, which has disrupted traditional golf governance since its 2022 launch, while major creditors navigate the fallout from the organization's financial crisis.

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