The Public Investment Fund of Saudi Arabia is urging BC Partners to prove its sincerity in reviving LIV Golf after the tour entered bankruptcy. BC Partners pledged up to $10 million in bankruptcy financing to support a 'LIV 2.0' circuit launching in 2027, following an initial $300 million post-bankruptcy commitment. The PIF, which withdrew its backing and contributed $50 million for shutdown costs, fears BC Partners is primarily interested in acquiring LIV’s $5 billion in net operating losses for tax advantages.

LIV collapsed with $400 million in gross obligations to players, including stars Jon Rahm and Bryson De Chambeau. Talks with players are described as constructive, with equity offered in lieu of debt. Court filings require a reorganisation plan within 30 days of the September 8 filing, or the case shifts to an orderly wind-down.

BC Partners was chosen over Oaktree Capital, Ares Management, and Apollo Global Management due to its stated interest in a slimmed-down global league.