LIV Golf secures potential $300m investment — SkimNews
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- LIV Golf secured potential $300m financing from BC Partners Credit to fund operations toward a 2027 season restart, though the deal remains subject to bankruptcy court approval.
- LIV Golf filed for Chapter 11 bankruptcy protection in September after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar funding, ending the 2026 season early.
- Saudi Arabia's PIF had poured more than $5bn into LIV since its 2021 launch but is now only providing a $49.6m 'debtor in possession' bankruptcy loan to fund the wind-down.
- Fourteen current and former LIV players are owed just over $45m, with Jon Rahm's $7.5m unsecured claim topping a creditors list that also includes Bryson DeChambeau ($5.7m), Dustin Johnson ($5.5m), and Cameron Smith ($4.8m).
- Brooks Koepka, who rejoined the PGA Tour in January, still appears as a creditor with a $1.7m unsecured claim despite no longer being on LIV's roster.
- The deal pushes the deadline for agreeing terms to October 25, and BBC Sport reports players face no obligation to sign on to the new 'LIV 2.0' regardless of prior multi-year contracts.
- Under the proposed structure, players would become equity owners of both the league and its teams, according to BC Partners Credit.
Why it matters: Saudi Arabia is writing off most of its $5bn golf bet but still fronting $49.6m for the wind-down. With 14 players owed $45m+ holding leverage through October 25, the league's biggest stars can walk away from prior deals, leaving LIV to rebuild its roster — or its equity structure — from scratch.
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