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    "headline": "LIV Golf May File Bankruptcy to Shift Control to Players",
    "dek": "LIV Golf reportedly plans a Chapter 11 filing to transfer majority ownership to its players.",
    "prose": "Bloomberg reported that LIV Golf is preparing to file for Chapter 11 bankruptcy protection as early as next week. [^1]\n\nPeople familiar with the situation told Bloomberg that the entity would use the Chapter 11 filing to implement a transaction granting players control of the league. [^2]\n\nLIV Golf is preparing to file for Chapter 11 bankruptcy protection next week to facilitate a restructuring into a smaller version of the league planned for 2027. [^3]\n\nA LIV spokesperson stated that any move to file for bankruptcy could pave the way for the league's next phase by resolving its current obligations within the US legal system. [^4]\n\nThe league's future has been in doubt since earlier this year when Saudi Arabia's Public Investment Fund withdrew its backing. [^5]\n\nExecutives from the venture capital firm BC Partners have been meeting with players to present a financing proposal, while the league's CEO, Scott O'Neil, defended the restrictions on players participating in other tournaments. [^6]\n\nThe league has offered initial settlement deals to current players that amount to only a few cents on the dollar, a move influenced by the Saudi Public Investment Fund's reluctance to provide further financing. [^7]",
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      "statement": "Bloomberg reported that LIV Golf is preparing to file for Chapter 11 bankruptcy protection as early as next week.",
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      "statement": "LIV Golf is preparing to file for Chapter 11 bankruptcy protection next week to facilitate a restructuring into a smaller version of the league planned for 2027.",
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      "statement": "A LIV spokesperson stated that any move to file for bankruptcy could pave the way for the league's next phase by resolving its current obligations within the US legal system.",
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