By Lehlohonolo Lehana.
Photo Credit: Suresh Rajcoomar/Fullview.
LIV Golf is expected to announce on Thursday, 05 November 2026, it will wind down after a financing firm BC Partners Credit retracted its support.
The league had hoped BC Partners Credit would provide up to $300m (£223m) in financing after Saudi Arabia’s Public Investment Fund (PIF) withdrew its backing in April, which led LIV to file for bankruptcy protection in September. The money could have helped it continue in a new form, dubbed LIV 2.0.
However, Fullview learnt BC Partners is dropping its bid to relaunch LIV Golf due to an inability to secure enough player commitments.
The private capital firm’s decision came as a deadline loomed to show there was enough player support to hold a tournament series in 2027.
The expectation is that an attorney acting for LIV will announce in a court hearing on Thursday that the proposal for LIV 2.0 is not viable.
LIV had already announced a schedule for 2027 with an event planned for Adelaide from 18-21 March at Kooyonga Golf Club.
LIV Golf has provided one of the most tumultuous episodes in the history of golf since its launch in 2021, one which threatened to tear the sport apart.
High-profile players joined and were banned from other tours, as well as events such as the Ryder Cup.
More than $5bn (£3.7bn) was spent by PIF, with major winners including Jon Rahm and Bryson DeChambeau lured by lucrative contracts and vast prize money.
But the future of the concept – and its star players – has been shrouded in uncertainty this year after the 2026 season ended early. An event in August in Indianapolis proved to be the last.
When PIF announced it was withdrawing its funding in April, LIV announced a “strategic evolution” – including a newly established independent board – and attempted to find replacement financial investors.
The exodus of players continued, however, including the exits of Rahm, Ian Poulter, Tyrrell Hatton and Graeme McDowell. When Rahm left it was reported he was owed about $100m (£75m) from the remainder of the contract.