A significant development has occurred for LIV Golf, which is working to stay afloat. The organization has a substantial amount of debt, exceeding $500 million. As part of its efforts to recover, a restructuring plan has been agreed upon with a key investor.

This plan is intended to pave the way for a new iteration of the league, with players holding a majority stake. Further details about this new version are available, including changes to the schedule and player field. The move to restructure comes after a major backer withdrew its financial support, prompting a search for new funding sources.