Private equity firm BC Partners has renewed its efforts to take control of LIV Golf by seeking a USD 50 million bankruptcy loan from Saudi Arabia's Public Investment Fund (PIF), according to a Financial Times report published on November 8. The proposed financing could give the firm influence over the golf league's Chapter 11 bankruptcy proceedings.
The development follows LIV Golf's decision to wind down operations after a proposed financing agreement with BC Partners fell apart. The league announced its planned closure after losing key players and the financial support needed to continue its operations.
Reuters reported that it could not independently verify the Financial Times report. BC Partners declined to comment, while LIV Golf did not respond to Reuters' request for comment.
According to the Financial Times, BC Partners believes a global team-based golf organization can still succeed. The firm has reportedly informed business partners that it remains prepared to invest additional money and time in creating a successor to LIV Golf.
The latest proposal centers on acquiring a USD 50 million debtor-in-possession loan from Saudi Arabia's PIF. Such financing would allow BC Partners to gain control over important decisions during LIV Golf's Chapter 11 bankruptcy process.
The move follows the collapse of an earlier revival plan. BC Partners had reportedly arranged up to USD 300 million to organize tournaments in 2027. However, the proposal lost momentum after several prominent golfers refused to commit to the new competition.
Saudi Arabia's Public Investment Fund has invested more than USD 5 billion in LIV Golf since the league launched in 2022. The fund announced in April that the competition no longer matched its investment strategy. It also confirmed that financial support would end after the 2026 season.
Player commitments created another challenge for the proposed revival. The Financial Times reported that between 15 and 40 golfers showed varying levels of interest. Several players sought restored financial guarantees and the freedom to withdraw after signing agreements. Jon Rahm was among the prominent golfers to leave LIV after its bankruptcy filing. Brooks Koepka and Patrick Reed had departed before the 2026 season.
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