LIV Golf has secured a potential $300m investment from BC Partners Credit to continue operations into 2027. The league lost its funding from Saudi Arabia's Public Investment Fund (PIF) after the 2026 campaign and filed for bankruptcy protection in the United States. LIV hopes a court-supervised restructuring process can be completed early next year.
The new agreement includes a commitment from BC Partners to provide funding, subject to court approval, with a hearing scheduled on October 14 to approve the deal. The arrangement secures an extension for the league to discuss terms with its players, with talks now open until October 25. Ted Goldthorpe, partner and head of BC Partners Credit, stated the goal is to facilitate LIV Golf's emergence from restructuring on a sound financial footing.
Major winners Jon Rahm, Bryson De Chambeau, Cameron Smith, and Dustin Johnson are among the players who signed with LIV. Rahm heads the list of creditors with unsecured claims of 7.5m. England's Tyrrell Hatton and Brooks Koepka are also listed as creditors.
LIV CEO Scott O'Neil thanked the BC Partners team for their conviction, stating the investment is an important step forward toward a player-owned, team-focused, truly global league.
Source: Sky Sports Champions League · Summarized by HeadlinesBriefing