The potential dissolution follows the collapse of a $300 million rescue proposal from BC Partners Credit, which intended to finance a scaled-back LIV 2.0 schedule. The league struggled to retain star talent, ultimately securing public commitments from just four golfers while marquee names like Sergio Garcia and Jon Rahm departed. With funding dried up, attention now turns to an upcoming Thursday hearing in U.S. bankruptcy court where proceedings are expected to pivot toward asset liquidation. Although a 2023 framework agreement intended to unify global golf commercial ventures, that deal was never finalized, leaving the enterprise stranded.
Key points
A crucial U.S. bankruptcy court hearing scheduled for Thursday is now anticipated to conc…: A crucial U.S. bankruptcy court hearing scheduled for Thursday is now anticipated to concentrate on liquidating the league's assets.
High-profile departures like Jon Rahm and Sergio Garcia underscored the venture's inabili…: High-profile departures like Jon Rahm and Sergio Garcia underscored the venture's inability to retain its top talent amidst ongoing uncertainty.
The unresolved 2023 framework agreement with the PGA Tour and DP World Tour left the brea…: The unresolved 2023 framework agreement with the PGA Tour and DP World Tour left the breakaway tour without a sustainable commercial path forward.
Sources checked by our analysis pipeline: 1
LIV Golf could be headed for liquidation after BC Partners Credit reportedly dropped plans to finance a relaunch of the breakaway league.
The investment firm had pledged up to $300 million for a revamped version of LIV, known as LIV 2.0, but withdrew the plan after LIV Golf failed to secure enough player commitments, according to the Associated Press.
LIV is scheduled to appear in U.S. bankruptcy court Thursday, with the hearing now expected to focus on liquidation of its assets. The league's ultimate fate remains unclear.
LIV Golf and BC Partners did not immediately respond to CNBC's requests for comment.
LIV filed for Chapter 11 bankruptcy protection in September after Saudi Arabia's Public Investment Fund said it would stop funding the league after the 2026 season.
PIF had invested more than $5 billion since LIV launched in 2022, according to its Chapter 11 filing.
BC Partners' proposed relaunch would have made players majority owners of the reorganized league and featured a scaled-back schedule.
But LIV has lost several prominent players, including Jon Rahm and Sergio Garcia, as it sought…
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