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Alternative investment firm BC Partners Credit has pledged up to $300 million to assist the beleaguered LIV Golf circuit as it navigates bankruptcy proceedings and aims to fund its 2027 season, according to Bloomberg. This initial financing marks the first stage of a cumulative $300 million commitment from the credit arm of the alternative investment firm.

The deal is pending approval from a US bankruptcy court. The financing could serve as a vital source of fresh capital for LIV Golf, which filed for Chapter 11 bankruptcy in September. The league has expressed the need for additional funding to continue operations into 2027, having spent hundreds of millions on player recruitment while still owing money to some golfers.

BC Partners is framing the financing as support for a new phase of the business, labeled "LIV Golf 2.0." Under the proposed ownership model, players would receive equity stakes in both the league and individual teams, incentivizing them with a direct financial stake in the tour's future. This initiative aims to enhance LIV Golf's capacity to retain key players and attract new talent as it strives to restructure its finances and lay the groundwork for a sustainable long-term model.

LIV Golf has cautioned that its fate hinges on retaining enough players for the 2027 season, warning that a lack of sufficient participation could ultimately lead to the league's dissolution.