Mc Ilroy: LIV Golf said they wanted to destroy the European Tour (1:16)Mark Schlabach Close Mark Schlabach ESPN Senior Writer Senior college football writer Author of seven books on college football Graduate of the University of Georgia and Paolo Uggetti Nov 4, 2026, 04:33 PM ET BC Partners is pulling out of its deal to invest $300 million into the LIV Golf League, dealing a major blow to the breakaway circuit's future. With Saudi Arabia's Public Investment Fund exiting after over $5 billion in investments, BC Partners had aimed to replace the PIF as the primary financier. However, the London-based firm withdrew when top golfers failed to commit to the 2027 season.
Only about 30 players pledged commitment, falling short of the critical mass needed. Top stars including Jon Rahm, Sergio Garcia, Tyrrell Hatton, and Ian Poulter announced they would remain on the DP World Tour. A source told ESPN that DP World Tour CEO Guy Kinnings' ruling, barring LIV players from membership, was "a nail in the coffin" for LIV 2.0 hopes.
The league filed for Chapter 11 bankruptcy in September, listing $100 million to $500 million in assets and $500 million to $1 billion in liabilities. A hearing is scheduled for Thursday with U.S. Bankruptcy Court Judge Michael B. Kaplan.
The Financial Times first reported LIV Golf was pivoting toward a wind down of its operations.
Source: ESPN General · Summarized by HeadlinesBriefing