LIV Golf suffers setback with Asian Tour joining new alliance with European and PGA tours

LIV Golf faces a setback as the Asian Tour joins a new alliance with the PGA Tour and European Tour, potentially undermining LIV's prior partnership with the Asian Tour. The alliance includes co-sanctioned events and player access opportunities, while LIV had invested $300 million in the Asian Tour's International Series. A lawsuit against LIV Golf by Mobii Systems Group over unpaid fees further complicates its financial stability.