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LIV Golf in line to get initial investment as it tries to emerge from bankruptcy
The financing would give players equity in LIV Golf 2.0 and help the league exit Chapter 11 with renewed momentum for the 2027 season.
- On Monday, BC Partners Credit announced a committed investment and plans to provide up to $300 million in financing to help LIV Golf emerge from restructuring and strengthen its financial footing ahead of the 2027 season.
- LIV Golf filed for Chapter 11 bankruptcy protection in New Jersey in September, initiating a court-supervised restructuring process the company hopes to complete in early 2027.
- Ted Goldthorpe, partner and head of BC Partners Credit, stated the funding supports a 'next phase' where players would become equity owners of both the league and its teams.
- The financing allows LIV to plan a 2027 season featuring a 10-tournament schedule, with half of the events at international sites, enabling league operations during restructuring.
- Players face decisions regarding 'LIV Golf 2.0' as the Public Investment Fund of Saudi Arabia withdrew its massive funding of more than $5 billion, while Sergio Garcia sought court clarity on contract status.
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Record and LandmarkLIV's 'white knight' eyes $100M team valuations
GOLF NOTEBOOK
·Tulsa, United States
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The financial company BC Partners Credit announced that it will contribute an investment of 300 million euros for the new project...
·Concepción, Chile
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New investor forecasts LIV Golf teams could be worth $100 mn each
BC Partners Credit pledged an initial funding commitment of a potential $300 million to help LIV relaunch in 2027. LIV, which spent billions of dollars luring top players away from the established PGA tour and triggered bitter divisions within golf, filed on September 8 for bankruptcy protection at a New Jersey court after losing the backing of Saudi Arabia's Public Investment Fund (PIF). The fund is estimated to have pumped some $5 billion into…
·Issy-les-Moulineaux, France
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Total News Sources85
Leaning Left15Leaning Right14Center39Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 22%
C 57%
R 21%
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