LIV Golf, the beleaguered international golf tour, has secured up to $300 million in financing from investment fund BC Partners as it looks to rescue its 2027 season.
The announcement comes a month after LIV Golf declared bankruptcy in the US after Saudi Arabia withdrew its multibillion-dollar funding, forcing the 2026 LIV Golf season to end early.
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At the time, the business confirmed it had entered into a restructuring support agreement (RSA) and would be tapping BC Partners to support the proposed recapitalization following Chapter 11 bankruptcy proceedings.
Post-reorganization, LIV will shift to a new financial model in which the tour will be majority-owned by its own players, backstopped by minority external investment from BC Partners to offset the loss of Saudi Public Investment Fund (PIF) backing.
LIV Golf said the investment from BC Partners will be used to help the league through its restructuring and strengthen its financial position ahead of the 2027 season, which will go ahead as a scaled-down tour, with a 75-man competitive field, but with an ambition to continue to host events across five continents.
The financing remains subject to bankruptcy court approval and customary conditions.
LIV Golf chief executive Scott O’Neil said: “This investment is an important step forward for LIV Golf, and I want to thank [BC Partners Credit partner and head] Ted Goldthorpe and the entire BC Partners team for their conviction in what we’re building.
“We believe deeply in the future of this league and in the opportunity to build something distinctive alongside our players. 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.”
The figure comes after previous reports suggested as much as $300 million in investments would be needed in order to keep LIV Golf funded beyond 2026 after LIV’s primary backer, the Public Investment Fund (PIF) of Saudi Arabia, pulled its support of the tour, leading to a significant tightening of the purse strings and causing LIV to fall out with several important vendors and tournament operators.
The tour has not specified how much of the $300 million it needs to start next year’s schedule and which players will participate, but the agreement secures an extension for the league to discuss terms with its players until October 25.
It was previously reported that participants are owed at least $45 million and have the option to leave the competition, a fact that may pose future problems in 2027 if too many marquee names refuse to return.
In early May, LIV hired international investment bank Ducera Capital to help lead a new investment charge as it looked to extend its position in the sports industry beyond 2026.
Overall, LIV has made net losses outside the US of over $1.1 billion since 2021, as of its 2024 financial results, including a post-tax loss of $461.8 million across the 2024 calendar year.
However, the series claims sponsorship revenue grew 40% year-on-year, and ticket sales grew 130% in the same period.
