BC Partners Credit is investing up to $300 million to help a revamped LIV Golf continue play in 2027, an amount confirmed Monday by a court filing in LIV’s bankruptcy case.
The financing plan would have to be approved by the U.S. Bankruptcy Court in the District of New Jersey.
LIV filed for Chapter 11 protection last month, having completed its final season with the financial backing of Saudi Arabia’s Public Investment Fund. The withdrawal of PIF was part of a tumultuous 2026 campaign for LIV that saw the circuit cancel two tournaments, including the season-ending Team Championship.
Ted Goldthorpe, managing partner of BC Partners Credit, said in a statement, “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. …
“We are excited about what this next phase can mean for the players who compete in the league. We invite those who want to help build a strong, sustainable, team golf league to join us.”
LIV CEO Scott O’Neil said, “We believe deeply in the future of this league and in the opportunity to build something distinctive alongside our players. 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.”
O’Neil previously announced plans for LIV to hold 10 events next year, half of them in the United States. A key question is how many players will commit to the tour moving forward, as a number of the circuit’s stars are owed millions in unsecured claims, per the bankruptcy filing. Among that group are Jon Rahm of Spain ($7.5 million), Bryson DeChambeau ($5.7 million), Dustin Johnson ($5.5 million), Cameron Smith of Australia ($4.8 million), Tyrrell Hatton of England ($3.4 million) and Brooks Koepka ($1.7 million). Koepka exited the league at the start of 2026.
“LIV Golf 2.0” intends to give players an ownership stake of 52.5%, with BC Partners Credit and other minority investors holding 45% equity and management receiving the other 2.5%, per Golf Channel.
The bankruptcy filing in New Jersey estimated LIV’s assets at between $100 million and $500 million, with liabilities between $500 million and $1 billion.
–Field Level Media
