The league previously sought bankruptcy protection in New Jersey after Saudi Arabia's Public Investment Fund announced plans to withdraw funding after the 2026 season. BC Partners had provided an initial investment in October with intentions to fund the reboot ahead of 2027, but abandoned the effort as a critical deadline passed. Following the bankruptcy filing, top talent including former world number one Jon Rahm exited the competition. LIV Golf still plans to reorganize its business as it heads to a Trenton bankruptcy court hearing regarding its assets and contracts.
Key points
The collapse of the private equity bailout leaves LIV Golf's post-2026 operational viabil…: The collapse of the private equity bailout leaves LIV Golf's post-2026 operational viability in severe doubt.
Player defections, including Jon Rahm, undermined investor confidence and directly caused…: Player defections, including Jon Rahm, undermined investor confidence and directly caused the rescue proposal to fall apart.
Scheduled bankruptcy court hearings in New Jersey will begin addressing the league's rema…: Scheduled bankruptcy court hearings in New Jersey will begin addressing the league's remaining assets, leases, and contracts.
Sources checked by our analysis pipeline: 1
Nov 4 : BC Partners, which provides financing to middle-market companies, is dropping its bid to relaunch LIV Golf due to an inability to secure enough player commitments, the Financial Times reported on Wednesday.
The professional men's golf league, a competitor to the PGA Tour, filed for bankruptcy protection in New Jersey in September as part of a restructuring after Saudi Arabia's Public Investment Fund, which has invested more than $5 billion in LIV since its launch in 2022, announced it was ending its financial backing after the 2026 season.
LIV has said it plans to continue operating while it reorganizes.
The private capital firm's decision came as a deadline loomed to show there was enough player support to hold a tournament series in 2027, the FT said, citing people directly familiar with the matter.
BC Partners and LIV Golf did not immediately respond to Reuters requests for comment.
Former world number one Jon Rahm is among a wave of high-profile golfers who have left LIV Golf since it filed for bankruptcy protection.
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