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LIV Golf Files Chapter 11, Its Own Stars Now Creditors
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, and the players it paid hundreds of millions to sign — Jon Rahm, Bryson DeChambeau, Dustin Johnson, Cameron Smith — are now among its largest unsecured creditors, with the Public Investment Fund lending $49.6 million to keep the league running through a restructuring that aims to leave it majority player-owned by 2027. Also today: Paramount's deal for Warner Bros. Discovery starts accruing a daily ticking fee after September 30th if it isn't closed, Manchester United sells its shirt sleeve to payments company SumUp, a brand-new…
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