LIV Golf secures potential $300 million financing — BBC Sport
In the United States, the LIV Golf league has secured potential $300 million in financing from credit company BC Partners Credit. The funds are intended to help the organization complete its court-supervised restructuring and prepare for the 2027 season, BBC Sport reports.
In September, LIV Golf filed for Chapter 11 bankruptcy protection in the United States after Saudi Arabia ended multibillion-dollar funding for the project. The league expects to complete the restructuring process in early 2027. The agreement with BC Partners Credit still requires approval from the bankruptcy court and the fulfilment of customary financing conditions.
Negotiations with players
LIV Golf did not specify how much of the potential $300 million financing needs to be raised to stage next season's schedule. It is also unknown which players will compete in the new season. League participants are owed at least $45 million and are entitled to leave.
The agreement extended LIV Golf's negotiating period with players until October 25. According to BBC Sport, athletes are not obliged to agree to participate in LIV 2.0, even if they had previously signed multi-year contracts with the league.
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Claims of player-creditors
BC Partners Credit said the financing is intended to support the next stage of LIV Golf's development, under which players will become owners of stakes in both the league and its teams. Ted Goldthorpe, partner and head of BC Partners Credit, said the goal is for LIV Golf to emerge from restructuring with a stable financial position ahead of the 2027 season.
Bankruptcy documents list claims by golfers among the 30 largest unsecured creditor claims. The largest is held by two-time major winner Jon Rahm — $7.5 million. The list also includes Bryson DeChambeau with a claim of $5.7 million, Dustin Johnson — $5.5 million, Cameron Smith — $4.8 million, and Tyrrell Hatton — $3.4 million.
In total, 14 current and former LIV Golf players on this list are owed slightly more than $45 million. A BBC Sport source familiar with the figures said the list reflects amounts accrued and unpaid for the third quarter of 2026, rather than the full amount of liabilities. Saudi Arabia's Public Investment Fund, which has spent more than $5 billion on the project since LIV Golf was launched in 2021, is also providing $49.6 million in DIP financing to carry out the bankruptcy process.
