Jack Nicklaus’ win in court has led to Nicklaus Companies filing for bankruptcy.

The legendary golfer won a $50 million defamation suit last month against his former company, and while Nicklaus Companies will appeal the ruling, the company filed for Chapter 11 bankruptcy on Friday in an effort to protect itself.

The lawsuit stemmed from Nicklaus alleging his former company falsely claimed Nicklaus entertained a $750 million offer to become a part of the LIV Golf league, which is financially supported by Saudi Arabia, and that Nicklaus had dementia and was therefore unable to manage his affairs, according to Golf Digest.

Jack Nicklaus (r.) and his wife, Barbara (l.), after the final round of the Memorial in Dublin, Ohio on June 1, 2025. Icon Sportswire via Getty Images

The bankruptcy

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