SA government backed a risky horse in LIV Golf — lucky it hedged its bets

The South Australian government recently faced a potential financial risk regarding its involvement with LIV Golf after the entity responsible for the $45 million North Adelaide Golf Course upgrade filed for bankruptcy. The government had committed significant public funds to the project, which was intended to facilitate the hosting of LIV Golf events in the region.

While the bankruptcy filing raised concerns about the stability of the government's investment, the administration had previously implemented hedging strategies that mitigated the potential fallout. Consequently, the government avoided the worst-case financial scenarios that could have resulted from the project's collapse.