LIV Golf faces potential liquidation after BC Partners withdraws $300M bid

LIV Golf faces potential liquidation of its assets if it cannot secure a new buyer following the withdrawal of a $300 million investment bid by London-based investment firm BC Partners, according to reports from ESPN and the Financial Times.

Financial and Player Commitments

BC Partners had planned to serve as the primary financier for LIV Golf 2.0, replacing Saudi Arabia’s Public Investment Fund (PIF) as the league's main financial backer. The proposed financing package was intended to assist the league in emerging from restructuring and to prepare for the 2027 season. According to a report from the Financial Times, the investment was subject to conditions, including the successful restructuring of the business and securing sufficient player participation.

Reports regarding player interest vary:

• One ESPN source stated that around 30 golfers had committed to play in LIV 2.0 for the 2027 season, while another 10 were still contemplating.
• BVM Sports reported interest from 30 or more players.
• A report from the Financial Times noted that BC Partners was seeking commitments from approximately 30 to 40 players.

Despite this reported interest, several high-profile golfers have stated they will not return to the league. Sergio Garcia, Jon Rahm, Ian Poulter, and Tyrrell Hatton have all stated they will compete on the DP World Tour in 2027. Bryson DeChambeau has expressed interest in the league's potential future but has not committed.

Bankruptcy and Legal Proceedings

LIV Golf filed for bankruptcy protection in New Jersey in September as part of a restructuring effort. This followed an announcement from Saudi Arabia’s Public Investment Fund that it would end its financial backing following the conclusion of the 2026 season. The league has stated it plans to continue operating while reorganizing.

In an October 14 bankruptcy hearing, LIV Golf’s lawyer, Robert Fitzgerald, raised concerns regarding the DP World Tour’s position on players wishing to participate in both circuits. The DP World Tour indicated that prospective members would have to choose between the two.

A hearing is scheduled for Thursday with U.S. Bankruptcy Court Judge Michael B. Kaplan in Trenton, New Jersey, to address various contracts, leases, and assets. The proceedings may clarify whether the league will proceed with its reorganization or move toward a wind-down.

Proposed Ownership Structure

Under the proposed restructuring plan, the ownership of the reorganized business was to be distributed as follows:

• Players: 52.5% equity
• BC Partners and other minority investors: 45% equity
• Management: 2.5% equity

Why it matters

LIV Golf's ability to sustain its business model depends on attracting enough recognizable players and generating sufficient commercial interest to replace the financial backing previously provided by the Public Investment Fund.

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Sources

• dailycaller.com: LIV Golf 2.0 Hit With Major Blow After BC Partners Withdraws From Financing Deal: REPORT | The Daily Caller
• bvmsports.com: LIV Golf Faces Shutdown After $300M Investor Bid Withdrawn - BVM Sports
• aol.com: LIV Golf 2.0 Hit With Major Blow After BC Partners Withdraws From Financing Deal: REPORT - AOL
• gnyouth.net: LIV Golf suffers major blow as BC Partners ‘abandons relaunch bid’ – GN Youth News
• twaslnews1.twaslnews.com: BC Partners Abandons LIV Golf’s $300M Rescue Deal as Liquidation Nears - Report

This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.