LIV Golf gets $300m investment to keep 2027 season going

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LIV Golf was founded in 2021, with its first season taking place the following year

Newsdesk4 days ago

2 min read

LIV Golf has secured a potential $300m financing commitment from BC Partners Credit, providing crucial funding to advance its court-supervised restructuring and keep the 2027 season alive.

The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding. The new financing extends player contract negotiations until 25 October, giving the organization time to finalize terms. Players face no obligation to sign on for the upcoming season, even if they currently hold multi-year deals. The league owes participants at least $45m (£33m), and those funds remain unpaid as the restructuring moves forward.

BC Partners Credit, which typically funds middle-market companies, will structure the investment to support a new phase where players become equity owners of both the league and its teams. The deal still requires bankruptcy court approval and must meet standard lending conditions. "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," Ted Goldthorpe, partner and head of BC Partners Credit, said in a statement.

Court documents list the 30 largest unsecured claims against the tour. Jon Rahm holds the top claim at $7.5m (£5.5m). Bryson DeChambeau, Dustin Johnson, Cameron Smith, Tyrrell Hatton, and Brooks Koepka also rank among the biggest creditors. The total debt owed to 14 current and former players exceeds $45m (£33m). A source familiar with the figures noted that the creditor list reflects unpaid amounts for Q3 of 2026 rather than full contract values.

Saudi Arabia's Public Investment Fund has spent more than $5bn (£3.7bn) since LIV Golf launched in 2021. The tour's 2026 season ended early as financial uncertainty grew. To keep the bankruptcy process running, the fund is also providing a $49.6m (£36.6m) debtor-in-possession loan. The court-supervised restructuring aims to conclude in early 2027.