LIV Golf secures funding from BC Partners Credit to support restructuring

Oct 5 : BC Partners Credit said on Monday it had made an initial committed investment in LIV Golf and planned to provide up to $300 million in financing to help the professional men's golf league emerge from restructuring and strengthen its financial footing ahead of the 2027 season.

LIV Golf filed for Chapter 11 protection in New Jersey in September, beginning a court-supervised restructuring process the company hopes to complete in early 2027.

"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.

BC Partners Credit, which provides financing to middle-market companies, said the funding would support what it described as the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.

The financing remains subject to bankruptcy court approval and customary conditions.

“This investment is an important step forward for LIV Golf, and I want to thank Ted Goldthorpe and the entire BC Partners team for their conviction in what we’re building," LIV Golf CEO Scott O'Neil said in a statement.  

"We believe deeply in the future of this league and in the opportunity to build something distinctive alongside our players," he said. "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.”

LIV Golf launched in 2022 with funding from Saudi Arabia's Public Investment Fund and lured