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LIV Golf Reboot Hits Snag as BC Partners Drops Rescue Plan, FT Reports
BC Partners withdrew after LIV failed to secure enough binding player commitments for a 2027 relaunch, leaving the league facing possible liquidation.
- On Wednesday, private investment firm BC Partners abandoned its plan to rescue the Saudi-backed LIV Golf League, leaving the organization facing potential liquidation after failing to secure binding player commitments for a 2027 relaunch.
- BC Partners required sufficient player support to proceed with the $300 million financing deal for the restructured LIV 2.0, but approximately 15 interested players failed to provide the necessary binding contractual commitments the firm demanded.
- Saudi Arabia's Public Investment Fund had invested more than $5 billion before withdrawing support after the 2026 season, while star player Jon Rahm decided against participating in the relaunch and LIV Golf filed for Chapter 11 bankruptcy in September.
- Following the withdrawal, LIV Golf is expected to begin winding down operations according to NUCLR Golf, with a bankruptcy hearing scheduled for Thursday, November 5, to determine the league's future.
- The DP World Tour's firm stance against players competing in both circuits further complicated recruitment for LIV 2.0, leaving the upstart league—which launched in 2022 to challenge the PGA Tour—in an increasingly precarious position.
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LIV Golf appears officially dead as PE firm drops investment after star players defect
LIV Golf, even in its diminished post-Saudi opulence form, is in dire straits as of Wednesday evening. A new report by Sujeet Indap in the Financial Times indicates that BC Partners, the private equity firm that was prepared to provide LIV with a league-saving capital investment after Saudi Arabia’s private investment fund (PIF) ceased financing the…
LIV Golf 2.0 in trouble with financial backer reportedly pulling out
BC Partners, which provides financing to middle-market companies, is dropping its bid to relaunch LIV Golf due to an inability to secure enough player commitments, the Financial Times has reported.
·Ultimo, Australia
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Coverage Details
Total News Sources26
Leaning Left7Leaning Right3Center14Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 29%
C 58%
13%
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