BC Partners Credit on Monday announced an initial investment in LIV Golf, half of a focused $300 million in cumulative financing to help the beleaguered circuit emerge from Chapter 11 chapter with a team-focused golf league with gamers as equity homeowners.
The announcement comes two days before the first of several hearings associated to the chapter submitting from Sept. 8.
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The financing by funds suggested on the BC Partners Credit platform requires chapter court approval. It would enable LIV to begin planning on a 2027 season, which contains a 10-tournament schedule, half of them at worldwide websites.
“Our goal is to facilitate LIV Golf’s emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season,” said Ted Goldthorpe, associate and head of BC Partners Credit, the credit arm of BC Partners.
“Just as importantly, we want the players who make this league what it is to share in what they help build,” he said. “Giving players real and actionable ownership in the league and the teams is a unique opportunity in professional golf, and it aligns everyone around the long-term success of the product for the game and for the fans.”
LIV gamers still have a few weeks to determine if they need to be half of LIV Golf 2.0 now that the Public Investment Fund of Saudi Arabia withdrew its large funding of more than $5 billion since it launched in 2022. That funding included signing bonuses — 9 figures in some instances — and the $20 million prize funds for particular person play.
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Sergio Garcia last week requested the court to make clear the standing of his LIV contract, whether it is terminated because of the chapter submitting or if he can terminate the contract himself.
Adrian Meronk, who joined LIV Golf in 2024, won the Dunhill Links Championship on Sunday which paves the means for him to have European tour standing next 12 months.
“It’s been a very strange year on LIV, obviously finding about Saudis backing off and finding new investors,” Meronk said after he won. “There’s still a lot of unknowns that we are not sure of. And to be honest, it’s hard from a player’s perspective to make a decision. So I’ll just wait and see. We still have a couple weeks but as I said, this helps a lot.
“I have to actually rethink and see what’s going to occur.”
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LIV Golf CEO Scott O’Neil said the investment was an important step, thanking Goldthorpe and BC Partners “for their conviction in what we’re building.”
“We believe deeply in the future of this league and in the alternative to construct something distinctive alongside our gamers,” O’Neil said in a statement. “We’re delivering on our main milestones, and while there is still work forward, as we speak marks significant progress toward a player-owned, team-focused, actually international league that enhances the wider sport and creates new alternatives for gamers, followers, companions, and the next technology of golfers.”
The PGA Tour has not indicated if it will create an instant path back for LIV players, similar to what it did for Brooks Koepka at the start of this year. Much of the attention focuses on LIV’s top players, such as Jon Rahm, Tyrrell Hatton and Joaquin Niemann.
“We are excited about what this next section can imply for the gamers who compete in the League,” Goldthorpe said. “We invite those who need to help construct a sturdy, sustainable, crew golf league to be a part of us.”
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