‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy
The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.
BC Partners Credit has announced a $300 million initial investment in LIV Golf as part of a combined $300 million financing effort to help the struggling circuit emerge from Chapter 11 bankruptcy. The funds, which require court approval, would enable LIV to plan for a 2027 season consisting of 10 tournaments, half of which will be held in international locations.
Ted Goldthorpe, partner and head of BC Partners Credit, stated that the goal is to put LIV Golf on solid financial footing and to give players a real stake in the league. The investment arrives as Saudi Arabia's Public Investment Fund withdraws its $5 billion funding, leaving LIV players to decide whether to participate in LIV Golf 2.0.
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