LIV Golf secures potential $300m investment for 2027
LIV Golf receives a potential $300m financing offer from BC Partners Credit and extends player talks as restructuring continues under Chapter 11.
Stock photo for illustration only, not from the actual event
- LIV Golf secures a potential $300m financing deal from BC Partners Credit ahead of the 2027 season.
- The league filed for Chapter 11 bankruptcy in the US in September after Saudi Arabia withdrew funding.
- Fourteen current and former players are owed over $45m in total, topped by Jon Rahm at $7.5m.
- Players face no obligation to sign for LIV 2.0, with negotiation deadlines extended to October 25.
The professional golf landscape faces a potential turning point as LIV Golf secures a possible 300 million dollars in fresh financing from BC Partners Credit, aiming to pave the way for its upcoming 2027 season.
This major development follows the league's decision to file for Chapter 11 bankruptcy protection in the United States back in September. The move was triggered after Saudi Arabia's Public Investment Fund withdrew its multi-billion-dollar backing, initiating a court-supervised restructuring process scheduled for completion in early 2027.
Stock photo for illustration only, not from the actual event
Under the terms of the new agreement, BC Partners Credit stated that the funding will fuel the next phase of LIV Golf, transitioning players into equity owners of both the league and its individual teams. However, the financing deal remains strictly subject to approval from the bankruptcy court and customary closing conditions.
Court petition documents highlight the massive liabilities owed to unsecured creditors, with the top 30 list featuring several marquee players. Two-time major champion Jon Rahm leads those creditors with an unsecured claim of 7.5 million dollars, followed closely by other prominent names:
- Bryson DeChambeau with an unsecured claim of 5.7 million dollars
- Dustin Johnson with an unsecured claim of 5.5 million dollars
- Cameron Smith with an unsecured claim of 4.8 million dollars
- Tyrrell Hatton with an unsecured claim of 3.4 million dollars
- Brooks Koepka, who returned to the PGA Tour, with an unsecured claim of 1.7 million dollars
Filing for Chapter 11 bankruptcy does not mean an immediate shutdown; rather, it is a legal mechanism that allows a US-based enterprise to temporarily halt debt obligations while reorganizing its financial structure. For LIV Golf, bringing in private credit firm BC Partners Credit while shifting toward an equity-sharing model represents a critical effort to transition away from total reliance on sovereign wealth funding toward a sustainable business framework.
Despite the influx of potential capital, considerable uncertainty surrounds the roster for the upcoming schedule. The 45 million dollars owed to players represents unpaid compensation solely for the third quarter of 2026 rather than full contract values. Sources indicate that participants are under no obligation to commit to LIV 2.0, with discussions regarding terms extended through October 25.
"League insiders see the committed investment as a significant step forward in the court-supervised restructuring process."
LIV Golf League Insiders
Source: BBC Sport
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