Golf remains popular in the US, with 47.2 million participants in 2024. Topgolf sells majority stake for $1.1 billion, but others like PinSeekers DeForest and Meadows Country Club file for Chapter 11. Nicklaus Companies files for Chapter 11 after losing $50 million lawsuit.

The bankruptcy filing lists $10 million to $50 million in assets and $500 million to $1 billion in liabilities. Nicklaus Companies disputes the verdict and plans to appeal, seeking debtor-in-possession financing. Jack Nicklaus won the lawsuit over false insinuations and defamation claims.

Nicklaus Companies markets products under Jack Nicklaus and Golden Bear brands, with Nicklaus Design creating over 420 golf courses globally. The company completed a $10 million restoration of Desert Highlands, the original home of The Skins Game. The Skins Game will return at Panther National in 2025.

Read more at Yahoo Finance: Legendary golf course company files Chapter 11 bankruptcy