LIV Golf seeks player equity swap to secure $300mn rescue financing

LIV Golf is racing to re-sign its players under revised terms that would convert their past contract claims into equity in a new circuit, a move aimed at clinching a $300mn bankruptcy rescue. The proposal signals a shift in leverage from players to the league as it seeks to restructure under financial distress. The outcome is uncertain, hinging on player acceptance and creditor approval, and matters because it could set a precedent for athlete compensation in financially troubled sports ventures.