By Lehlohonolo Lehana.
Photo Credit: Suresh Rajcoomar/Fullview.
LIV Golf secured potential $300m funding from BC Partners Credit to restructure and launch its 2027 season amid the bankruptcy proceedings.
The league lost its multi-billion-dollar funding from Saudi Arabia’s Public Investment Fund (PIF) following the end of 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 arrangement secures an extension for the league to discuss terms with its players, with talks now open until October 25.
Fullview 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.
“Our goal is to facilitate LIV Golf’s emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season,” said Ted Goldthorpe, partner and head of BC Partners Credit, in a statement.
The credit firm, which provides financing to middle-market companies, said the funding would support the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.
The financing remains subject to bankruptcy court approval and customary conditions.
“This investment is an important step forward for LIV Golf,” said LIV Golf CEO Scott O’Neil in a statement.
“We’re delivering on our major milestones, and while there is still work ahead, today marks meaningful progress toward a player-owned, team-focused, truly global league that complements the wider game and creates new opportunities for players, fans, partners, and the next generation of golfers.”
Major winners Jon Rahm, Bryson DeChambeau, Cameron Smith and Dustin Johnson are among the players who signed with LIV following its creation in 2021 having been lured over from the PGA Tour.