LIV Golf secures funding from BC Partners Credit to support restructuring

BC Partners Credit announced on October 5 that it has made an initial committed investment of up to $300 million in LIV Golf. The investment aims to support the professional men's golf league through its restructuring process and enhance its financial stability before the 2027 season. LIV Golf filed for Chapter 11 protection in New Jersey in September, signaling the beginning of a court-supervised restructuring process with an expected completion date of early 2027.

Ted Goldthorpe, partner and head of BC Partners Credit, expressed optimism about the funding, stating that its goal is to facilitate LIV Golf's emergence from restructuring on solid financial footing and with renewed momentum for the 2027 season. The funding is contingent on approval by the bankruptcy court and adherence to customary conditions.