LIV Golf's latest bankruptcy filings call for two significant changes

LIV Golf, a team golf competition formerly backed by Saudi Arabia's Public Investment Fund, is seeking financial assistance from US President Donald Trump as it attempts to relaunch without that support. The league, which features golf stars like Bryson DeChambeau and Jon Rahm, has received funding from BC Partners and is currently in discussions with additional investors.

LIV Golf CEO Scott O'Neil stated that the Trump organization has been "tremendously supportive" of the league, noting that the organization has hosted eight events at Trump golf courses in the past three years. The league is offering equity to players such as DeChambeau, Rahm, and Cameron Smith, giving them until October 25 to decide if they want to remain involved.

BC Partners head of credit Ted Goldthorpe said that they plan to secure up to $300 million in financing and are seeking additional co-investors, explaining that their investment is driven by more than tax benefits, as the company holds significant net operating losses (NOLs) in the US and UK. Goldthorpe emphasized that BC Partners is highly committed to LIV Golf and is confident that the league's teams will be valuable, estimating their worth at around $100 million.