The $45 Million Gamble That Paid Off (For Now) The news of LIV Golf's bankruptcy sent shockwaves through the golf world, but for South Australia, it brought a welcome reprieve from what had promised to be a contentious issue: the redevelopment of North Adelaide Golf Course.
A six year contract extension with LIV Golf had committed $45 million to upgrading the course, which was set to become a world class venue for golf and other events.
Critics argued that this investment was premature, given LIV Golf's questionable financials and lack of a clear future beyond its current sponsorships.