LIV Golf suffers setback as BC Partners abandons relaunch bid
Summarised from 4 outlets · Updated 4 Nov, 22:26 · Archive
BC Partners has abandoned its bid to relaunch LIV Golf, citing failure to secure sufficient player commitments.
LIV Golf's restructuring efforts have suffered a significant blow after BC Partners, a private equity firm providing financing to middle-market companies, abandoned its bid to relaunch the league. The Financial Times reported that BC Partners withdrew due to failing to secure enough player commitments ahead of a key deadline for demonstrating sufficient backing to hold a tournament series in 2027.
The professional men's golf league filed for bankruptcy protection in New Jersey in September following an announcement by Saudi Arabia's Public Investment Fund—which invested over $5 billion in LIV since its 2022 launch—that it would end financial backing after the 2026 season. In October, BC Partners had completed an initial investment and pledged up to $300m in financing to help the league emerge from restructuring. LIV stated it plans to continue operating while reorganising.
The league has experienced departures among high-profile golfers since filing for bankruptcy, including former world number one Jon Rahm. LIV Golf is scheduled to appear at a US bankruptcy court hearing in Trenton, New Jersey, on Thursday to address contracts, leases and assets, though it remains uncertain whether broader discussions of the league's overall future will occur.
How it is being reported
- LIV Golf relaunch collapses as $300M backers withdraw after last stars standing including Bryson DeChambeau refused to commitLIV Golf is set to wind down after BC Partners reportedly withdrew its plans to back a relaunch with $300M funding due to a lack of commitments from star players including Bryson DeChambeau.Daily Mail Sport · 4 Nov, 22:35
- LIV Golf 2.0 in trouble with financial backer reportedly pulling outBC 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.ABC News Australia · 4 Nov, 22:14
- LIV Golf's new funding partner pulls out over lack of player commitment in huge blow to league: reportLIV Golf faces collapse as BC Partners reportedly backed out of funding LIV 2.0 after Jon Rahm and other top players called the terms unacceptable.Fox News · 4 Nov, 22:01
- LIV Golf suffers major blow as BC Partners 'abandons relaunch bid'LIV Golf filed for bankruptcy protection in SeptemberIndependent Sport · 4 Nov, 21:10
In this story: LIV Golf · BC Partners · Saudi Arabia's Public Investment Fund · Jon Rahm · New Jersey
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log
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