BC Partners’ Ted Goldthorpe aims to prove doubters wrong by reviving LIV Golf from Chapter 11 bankruptcy. The Saudi Public Investment Fund spent $5.5bn on the league before pulling out, but Goldthorpe, a veteran private credit investor, believes global team golf holds franchise value. BC Partners and partners plan to commit up to $300mn to a restructured 'LIV 2.0' with 17 tournaments, including 10 global signature events.
The league still lacks player commitments, which are critical under the deal’s two-week deadline. Goldthorpe, formerly of Goldman Sachs and Apollo, sees LIV as a platform for golf exposure and potential adjacent lifestyle branding. The venture could leverage existing tax losses and replicate BC’s conglomerate strategy in sports.
Fuente: Financial Times Companies · Resumido por HeadlinesBriefing