LIV Golf has secured a possible $300 million investment from BC Partners Credit to help it move forward with its planned 2027 season after filing for Chapter 11 bankruptcy protection in September. The financing is subject to approval by the bankruptcy court and aims to facilitate discussions with players regarding their contracts, which expire on October 25. LIV Golf's CEO Scott O'Neil views this as a significant step toward restructuring and creating a player-owned league. The company faces substantial debts, including over $45 million owed to players like Jon Rahm, Bryson DeChambeau, Dustin Johnson, Cameron Smith, and Tyrrell Hatton.
Written locally by qwen2.5:14b on 2026-10-06,
using this article's own text rather than the other coverage of the
same event (that is the story summary below).
Story summary
BC Partners Credit announced an initial investment of up to $300 million in LIV Golf, aiming to help the circuit emerge from Chapter 11 bankruptcy. This financing is crucial for LIV Golf to plan a 2027 season with a 10-tournament schedule, half of which are set to be held internationally. The investment by BC Partners Credit, a credit arm of BC Partners, still requires approval from the bankruptcy court. Ted Goldthorpe, partner and head of BC Partners Credit, stated that their goal is to support LIV Golf's restructuring process with solid financial footing for the 2027 season. Additionally, players will reportedly have equity ownership in the league as part of this restructure plan. Despite these developments, it remains uncertain how much funding LIV Golf needs immediately and whether star players will continue participating given they are owed at least $45 million and have options to leave.
Written for “LIV Golf Investment Deal” on 2026-10-06,
grounded in this article and the 1 other(s) covering the same event.
- Published
LIV Golf has secured a possible $300m in financing from BC Partners Credit in order to try to move forward with the 2027 season.
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Golf → secure → season
The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, starting a court-supervised "restructuring process" that they hope to complete in early 2027.
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they → file → 2027
It is unclear how much of the $300m LIV requires to start next year's schedule and which players will start the season.
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players → require → season
The competition's participants are owed at least $45m (£33m) and have the option to leave.
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participants → owe → option
However the agreement secures an extension for the league to discuss terms with its players, with talks now open until 25 October.
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talks → secure → October
BBC Sport understands there is no obligation on players to sign on to LIV 2.0, regardless of whether they had previously signed multi-year contracts with LIV Golf.
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they → understand → Golf
League insiders see the committed investment as a "significant" step forward in the court-supervised restructuring process.
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insiders → see → process
"Our goal is to facilitate LIV Golf's emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season," said Ted Goldthorpe, partner and head of BC Partners Credit, in a statement.
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Goldthorpe → facilitate → statement
The credit firm, which provides financing to middle-market companies, said the funding would support the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.
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players → provide → league
The financing remains subject to bankruptcy court approval and customary conditions.
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financing → remain → approval
"This investment is an important step forward for LIV Golf," said LIV Golf CEO Scott O'Neil in a statement.
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O'Neil → say → statement
"We're delivering on our major milestones, and while there is still work ahead, today marks meaningful progress toward a player-owned, team-focused, truly global league that complements the wider game and creates new opportunities for players, fans, partners, and the next generation of golfers.
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that → deliver → golfers
"
Since LIV's controversial launch in 2021, more than $5bn (£3.7bn) has been spent by Saudi Arabia's Public Investment Fund (PIF), with major winners including Jon Rahm and Bryson DeChambeau lured by lucrative contracts and vast prize money.
However, the future of the concept - and its star players - has been shrouded in uncertainty, with the 2026 season having ended early.
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season → spend → uncertainty
Documents in the petition outline money owed to LIV Golf's creditors with the 30 largest unsecured claims.
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Documents → outline → claims
Two-time major winner Rahm tops that list with an unsecured claim of $7.5m (£5.5m).
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Rahm → top → 7.5
DeChambeau ($5.7m - £4.2m), Dustin Johnson ($5.5m - £4.1m), Cameron Smith ($4.8m - £3.5m) and Tyrrell Hatton ($3.4m - £2.5m) are also among the top 30 creditors, as well as Brooks Koepka, who left to rejoin the PGA Tour in January but has an unsecured claim of $1.7m (£1.25m).
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who → leave → 1.7
The total amount owed to the 14 current and former LIV players in the top 30 creditors is just over $45m (£33m).
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amount → owe → creditors
A source familiar with the figures told BBC Sport the creditors list outlines the "amount owed and not paid for Q3" of 2026, not the full amounts.
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list → tell → 2026
Chapter 11 protection postpones a US company's obligations to its creditors, giving it time to reorganise its debts or sell parts of the business.
PIF is providing a bankruptcy loan of $49.6m (£36.6m) - called 'debtor in possession' (DIP) financing - to help fund the process.
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PIF → postpone → process
The Aporia
