LIV races to re-sign golfers to clinch $300mn bankruptcy rescue - Financial Times

LIV Golf is working urgently to re-sign its roster of golfers as part of an effort to secure a $300 million bankruptcy rescue for the circuit, according to the Financial Times.
Under the newly proposed terms, players would give up claims tied to millions of dollars owed to them under their existing contracts.
In exchange for surrendering those past contractual claims, the golfers would instead receive equity stakes in the restructured league.
The arrangement signals a shift in LIV's financial model, tying players' compensation to ownership in the new circuit rather than guaranteed contract payouts.
The re-signing push is central to clinching the rescue package aimed at stabilizing the league's finances.