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LIV Golf, the Saudi-backed golf league that has disrupted professional golf since its 2022 launch, has filed for bankruptcy protection in the United States. The league says it intends to restructure its business, backed by a $49.6 million bankruptcy loan provided by Saudi Arabia's Public Investment Fund. The filing marks a significant setback for the venture, which has struggled financially despite lucrative player contracts and heavy Saudi funding, and raises questions about the future structure of professional golf and its ongoing rivalry with the PGA Tour.