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SearchThe financing, subject to court approval, is intended to give the circuit room to move toward a possible relaunch in 2027 after Saudi sovereign wealth fund PIF withdrew its backing.
BC Partners Credit has committed to provide up to $300 million to LIV Golf in a transaction intended to support the circuit’s restructuring and possible relaunch in 2027. The commitment does not mean the funds have already been disbursed: the financing is subject to approval by a U.S. court.
The agreement comes after the Saudi Arabia Public Investment Fund (PIF), the league’s main financial backer since its creation in 2022, announced that it would stop funding it at the end of the season. LIV Golf filed for Chapter 11 protection under U.S. bankruptcy law, a process that allows a company to continue operating while reorganizing its debts and financial structure.
LIV Golf’s bankruptcy filings put its liabilities at between $500 million and $1 billion. BC Partners Credit’s contribution is intended to facilitate the continuation of the process and give the circuit room to define its future. Ted Goldthorpe, a partner and head of the firm, said the goal is for LIV to emerge from restructuring with a strong financial foundation for 2027.
Court approval is an important condition: until a decision is made, the announced commitment should not be interpreted as finalized financing or as a guarantee that the league will continue in its current format. The transaction also comes amid negotiations with players and creditors, whose final terms have not yet been established.
LIV’s plan envisages golfers acquiring stakes in both the league and the teams. The proposal also provides for giving them a voice in designing the competition. Scott O’Neil, LIV Golf’s chief executive, described the agreement as a step toward a global league centered on teams and owned by players.
That model remains a roadmap, not an ownership structure that has already been implemented. Discussions about player participation are ongoing, and, according to the available information, current golfers are not automatically required to join the renewed project. The bankruptcy process also affects outstanding obligations to players and other creditors.
LIV Golf has proposed a 2027 season with tournaments in several international markets, including the United States, Mexico, England, South Africa, Australia, and Hong Kong. It is also considering possible changes to the competitive format. These are plans that depend on how the restructuring develops and do not constitute a definitive schedule.
For companies, sponsors, and suppliers connected to the sport, the announcement signals potential financing but leaves central questions unresolved: court approval, the ownership structure, player participation, and the schedule for the next season. The viability of the relaunch will depend on how these issues are resolved within the U.S. process.
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