‘I would predict that you’ll see some guys leave’LIV bankruptcy will invalidate deals with playersRory McIlroy believes traditional tours will soon have “decisions to make” as a player exodus from LIV Golf edges closer. LIV filing for bankruptcy in the United States on Tuesday means its deals with several high-profile golfers will soon be invalid, leaving them free to negotiate a route back to the PGA and DP World Tours.
When asked whether remaining with LIV in its planned, far-less lucrative form would hold appeal, McIlroy was characteristically candid. “I’m not in their shoes but LIV at the start looked a lot more attractive than what LIV 2.0 might be from a financial standpoint,” said the Masters champion.The Chapter 11 bankruptcy filing – stating around $45m (£33.2m) is owed to players – represented LIV’s latest step in rebooting the business due to the removal of funding from Saudi Arabia’s Public Investment Fund (PIF). .
Terms in place with star names are now unaffordable for LIV. Contracts will inevitably either be renegotiated or cancelled. Continue reading…
