BC Partners Commits $300 Million to Rescue LIV Golf

BC Partners Credit has committed to providing up to $300 million in financing to LIV Golf to support the league's emergence from Chapter 11 bankruptcy. The professional golf league filed for protection in New Jersey in September, reporting liabilities between $500 million and $1 billion against assets estimated between $100 million and $500 million.

The funding is intended to stabilize the league's financial position before the 2027 season and facilitate a transition toward a model where players hold equity in both the league and its teams. The financing remains subject to bankruptcy court approval. LIV Golf currently owes millions in unsecured claims to several star golfers, including Jon Rahm, Bryson DeChambeau, Dustin Johnson, and Cameron Smith.

LIV Golf CEO Scott O'Neil described the investment as meaningful progress toward a player-owned, team-focused global league. Ted Goldthorpe, head of BC Partners Credit, stated that the goal is to ensure the league exits the restructuring process on sound financial footing.