LIV Golf gets $300m BC Partners investment — SkimNews
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- LIV Golf secured a possible $300m financing commitment from BC Partners Credit to help the league emerge from Chapter 11 bankruptcy and prepare for the 2027 season.
- The league filed for Chapter 11 protection in September after Saudi Arabia's Public Investment Fund withdrew its multibillion-dollar funding, having spent more than $5bn since LIV's controversial 2021 launch.
- PIF is providing a separate $49.6m "debtor in possession" bankruptcy loan to help fund the court-supervised restructuring process.
- LIV players are owed at least $45m collectively, with 14 current and former players among the top 30 creditors — Jon Rahm topping the list with a $7.5m unsecured claim, followed by DeChambeau ($5.7m), Dustin Johnson ($5.5m), and Cameron Smith ($4.8m).
- The agreement extends player negotiations until 25 October, and the new structure would make players equity owners of both the league and its individual teams.
- Players are under no obligation to sign on to "LIV 2.0" even if they had previously signed multi-year contracts, and the 2026 season already ended early amid the uncertainty.
Why it matters: The $300m buys time, not certainty: the 2026 season already ended early, the $45m owed to players makes departure financially painless, and the whole structure hinges on voluntary participation from stars like Rahm and DeChambeau who top the creditor list. If top names don't sign on by October 25, the league emerges from bankruptcy with new ownership rules but no marquee talent to sell.
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