LIV Golf thought it had a financial saviour. It’s just walked away
The private capital firm’s decision came as a deadline loomed to show there was enough player support to hold a tournament series in 2027.
The rebel golf league, LIV Golf, is reportedly facing an uncertain future as its financial backer, BC Partners, is withdrawing its support. The league, which was established as a competitor to the PGA Tour, had lost its financial backing from the Saudi Arabian Public Investment Fund and was struggling to secure enough player commitments.
BC Partners, which had invested up to $300 million in LIV Golf to help it emerge from bankruptcy protection, cited the inability to secure player support as the reason for its withdrawal of backing. The professional men's golf league, which filed for bankruptcy protection in September, had previously lured top players such as Phil Mickelson, Bryson DeChambeau, Brooks Koepka, and Dustin Johnson with lucrative contracts.
LIV Golf had plans to continue operating while it reorganized. The league's future was further put into question as it was scheduled to appear in a US bankruptcy court hearing on Thursday to discuss various contracts, leases, and assets. The withdrawal of BC Partners' backing leaves the future of the league in serious doubt.
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