LIV Golf has secured a possible $300m in financing from BC Partners Credit in order to try to move forward with the 2027 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.
It is unclear how much of the $300m LIV requires to start next year’s schedule and which players will start the season.
The competition’s participants are owed at least $45m (£33m) and have the option to leave.
However the agreement secures an extension for the league to discuss terms with its players, with talks now open until 25 October.
It was learned 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.
League insiders see the committed investment as a “significant” step forward in the court-supervised restructuring 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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