Sources: BC Partners pulls out of financing deal in major blow to LIV Golf 2.0 — SkimNews
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- BC Partners pulled out of a $300 million financing deal for LIV Golf, dealing a major blow to the league's plans for a 2027 relaunch
- LIV Golf is now likely headed for liquidation after failing to secure enough player commitments, with only about 30 golfers committed and 10 still considering participation
- Public Investment Fund announced in April it would cease funding LIV Golf after this season, having invested over $5 billion since the league's 2022 launch
- DP World Tour ruled out membership for golfers joining LIV 2.0, a decision described as 'a nail in the coffin' for LIV's player recruitment efforts
- U.S. Bankruptcy Court is set to hold a hearing with Judge Michael B. Kaplan, as LIV Golf operates under Chapter 11 protection with $100M–$500M in assets and $500M–$1B in liabilities
- LIV Golf executives received $15.6 million in retention payments this year, including $6.4 million to CEO Scott O'Neill and $9.4 million to former commissioner Greg Norman
Why it matters: LIV Golf’s collapse would strand millions in executive payouts while leaving top golfers who stayed loyal without a viable circuit, and the DP World Tour’s hardline stance eliminates a fallback option for players, making the league’s failure irreversible without immediate intervention.
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