LIV GOLF SECURES POTENTIAL $300M FINANCING DEAL

LIV Golf has secured potential financing of up to $300m from BC Partners Credit as it attempts to move forward with its 2027 season, according to BBC Sport. The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia's Public Investment Fund withdrew its funding, triggering a court-supervised restructuring process the league hopes to complete in early 2027. It remains unclear how much of the $300m LIV Golf requires to begin next year's schedule or which players will take part. Participants are owed at least $45m, according to BBC Sport, and have the option to leave the league. The agreement extends talks between LIV Golf and its players on new terms until 25 October, with BBC Sport reporting that players are not obliged to sign on to a revised version of the league regardless of any previous multi-year contracts.

BC Partners Credit, which provides financing to middle-market companies, said the funding would support a new phase of LIV Golf in which players would become equity owners of both the league and its teams. Ted Goldthorpe, partner and head of BC Partners Credit, said the goal was to help LIV Golf emerge from the restructuring process "on sound financial footing" ahead of the 2027 season. LIV Golf chief executive Scott O'Neil described the investment as "an important step forward," saying the league was working towards becoming "a player-owned, team-focused, truly global league." Since its launch in 2021, the Public Investment Fund has spent more than $5bn on LIV Golf, attracting players including Jon Rahm and Bryson DeChambeau with substantial contracts and prize money, according to BBC Sport.

The financing remains subject to approval by the bankruptcy court and other customary conditions. The league's 2026 season ended early amid uncertainty over its future, BBC Sport reported. The restructuring process is expected to conclude in early 2027, according to the league.