LIV Golf Faces Liquidation After Rescue Funding Collapses
LIV Golf faces potential liquidation after BC Partners Credit withdrew a $300 million financing plan due to a lack of player commitments.
Professional golf league LIV Golf faces potential liquidation after BC Partners Credit withdrew a $300 million financing plan intended to relaunch the organization as LIV 2.0. The investment firm abandoned the rescue effort because the league failed to secure sufficient player commitments for a 2027 tournament series. High-profile golfers including Sergio Garcia and Jon Rahm have left the league, while others such as Bryson DeChambeau and Dustin Johnson failed to sign new contracts.
The league filed for Chapter 11 bankruptcy protection in September following a decision by Saudi Arabia's Public Investment Fund to cease funding after the 2026 season. The sovereign wealth fund had invested over $5 billion in the league since 2022. While LIV Golf previously indicated it would continue operating during reorganization, current reports suggest the league is preparing to wind down operations.
A U.S. bankruptcy court hearing in Trenton, New Jersey, is scheduled for Thursday. The proceedings are expected to focus on the liquidation of the league's assets.
