LIV to Wind Down After BC Partners Credit Walks Away — SkimNews
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- BC Partners Credit abandoned a possible $300m (£223m) financing deal for LIV 2.0 after concluding it was not viable, leaving the proposed revamp without that funding.
- PIF withdrew its backing in April, prompting LIV to file for bankruptcy protection in September; more than $5bn (£3.7bn) had been spent by the fund since the league's 2021 launch.
- LIV is facing a Thursday court hearing where its attorney is expected to announce that LIV 2.0 is not viable; the Sunday deadline for confirming 2027 players has passed.
- LIV 2.0 had commitments from about 30 players, including major winners, alongside support from co-investors and within the golf ecosystem, but organizers could not obtain the needed agreements in time.
- Jon Rahm left LIV and was reportedly owed about $100m (£75m) from the remainder of his contract; Sergio Garcia, Ian Poulter, Tyrrell Hatton and Graeme McDowell also departed.
- European Tour announced that LIV signups for 2027 would not be allowed to become members, while only DP World Tour members could play for Europe in the Ryder Cup.
- Lee Westwood said LIV 2.0 still had potential to thrive but had not been presented with anything agreeable to him; Bryson DeChambeau said he hoped the league existed forever.
Why it matters: For the roughly 30 players who signed up for LIV 2.0, the missed deadline for confirming 2027 leaves them without a confirmed league or a DP World Tour route to the Ryder Cup. PIF's withdrawal followed more than $5bn in spending, while BC Partners Credit declined a possible $300m deal, leaving the reboot without the funding or timeline to proceed.
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