BC Partners Withdraws Investment, LIV Golf Faces Liquidation Risk
The withdrawal of BC Partners' $300 million investment could spell liquidation for LIV Golf, following major player departures.
BC Partners has withdrawn its $300 million investment in LIV Golf, a move that could lead to the league's liquidation 1234. This decision comes at a critical time for the golfing venture, which recently filed for Chapter 11 bankruptcy protection in September 124.
The departure of high-profile players such as Jon Rahm, Tyrrell Hatton, and Sergio Garcia from LIV Golf adds further complexity to the situation 34. These top-tier athletes have opted to play on the DP World Tour instead of participating in LIV Golf’s second iteration 2. The shift in allegiance among these star players signals a significant blow to LIV Golf’s ambitions to compete with traditional tours.
BC Partners’ original proposal included making the players the majority owners of the reorganized league, aiming to create a more player-centric structure 1. However, the number of committed players to LIV Golf 2.0 remains a point of contention. While one source claims only four players had signed up, others suggest around 30 golfers were committed, with another 10 still mulling their options 1234.
This discrepancy highlights the uncertainty surrounding LIV Golf’s future. With BC Partners expecting at least twice as many player commitments as what was reported, the league’s prospects for a successful relaunch appear tenuous 34.
What we know
- BC Partners is withdrawing its $300 million investment in LIV Golf 1234
- LIV Golf may face liquidation due to BC Partners withdrawing its financial support 1234
- LIV Golf filed for Chapter 11 bankruptcy protection in September 124
- Major LIV Golf players like Jon Rahm, Tyrrell Hatton, and Sergio Garcia left the league 34
- Top golfers such as Jon Rahm, Sergio Garcia, Tyrrell Hatton, and Ian Poulter chose to play on the DP World Tour instead of LIV Golf 2.0 2
- BC Partners' proposal included making players the majority owners of the reorganized league 1
What remains unclear
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Trust Score report
- confirmed
BC Partners is withdrawing its $300 million investment in LIV Golf.
97% · supported by 4 - confirmed
LIV Golf may face liquidation due to BC Partners withdrawing its financial support.
97% · supported by 4 - confirmed
LIV Golf filed for Chapter 11 bankruptcy protection in September.
93% · supported by 3 - likely
Major LIV Golf players like Jon Rahm, Tyrrell Hatton, and Sergio Garcia left the league.
83% · supported by 2 - likely
Top golfers such as Jon Rahm, Sergio Garcia, Tyrrell Hatton, and Ian Poulter chose to play on the DP World Tour instead of LIV Golf 2.0.
71% · supported by 1 - unverified
Between 2021 and 2026, LIV spent approximately $5 billion to $8 billion.
47% · supported by 1, contradicted by 1 - likely
BC Partners' proposal included making players the majority owners of the reorganized league.
71% · supported by 1 - unverified
LIV Golf is set to appear in U.S. bankruptcy court on Thursday.
53% · supported by 1, contradicted by 1 - unverified
PIF had invested over $5 billion in LIV Golf since its launch in 2022.
53% · supported by 1, contradicted by 1 - disputed
Only four players had committed to LIV 2.0 as of the report.
17% · supported by 1, contradicted by 3 - disputed
About 30 golfers were committed to LIV Golf 2.0, with another 10 still considering it.
17% · supported by 1, contradicted by 3 - disputed
Approximately 15 players showed interest in 'LIV Golf 2.0', but BC Partners expected at least twice as many player commitments.
15% · supported by 1, contradicted by 3
Sources & references
- CNBC — LIV Golf faces liquidation after BC Partners scraps rescue plan
- ESPN Golf — Sources: BC Partners pulls out of financing deal in major blow to LIV Golf 2.0
- CBS Sports — LIV Golf shutdown imminent? New financial backer pulls funding from fledging league
- Fox News — LIV Golf's new funding partner pulls out over lack of player commitment in huge blow to league: report
