LIV Golf has secured a possible $300m in financing from BC Partners Credit to move forward with the 2027 season. The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, starting a court-supervised restructuring process. It remains unclear how much of the $300m LIV requires to start next year's schedule and which players will participate.
The competition's participants are owed at least $45m (£33m) and have the option to leave. However, the agreement secures an extension for the league to discuss terms with its players, with talks now open until 25 October. BBC Sport understands there is no obligation on players to sign on to LIV 2.0, regardless of whether they had previously signed multi-year contracts with LIV Golf.
League insiders see the committed investment as a "significant" step forward in the court-supervised restructuring process. Since LIV's controversial launch in 2021, more than $5bn (£3.7bn) has been spent by Saudi Arabia's Public Investment Fund (PIF), with major winners including Jon Rahm and Bryson De Chambeau lured by lucrative contracts and vast prize money. However, the future of the concept - and its star players - has been shrouded in uncertainty, with the 2026 season having ended early.
Jon Rahm tops the list of creditors with an unsecured claim of $7.5m (£5.5m). Bryson De Chambeau ($5.7m - £4.2m), Dustin Johnson ($5.5m - £4.1m), Cameron Smith ($4.8m - £3.5m) and Tyrrell Hatton ($3.4m - £2.5m) are also among the top 30 creditors. The total amount owed to the 14 current and former LIV players in the top 30 creditors is just over $45m (£33m).
Source: BBC Sport · Summarized by HeadlinesBriefing