BC Partners Reportedly Withdraws LIV Golf Financing

BC Partners Credit is reportedly withdrawing its proposed financing for a LIV Golf relaunch, putting the league’s plan to continue into 2027 at risk as it moves through bankruptcy proceedings. The reported decision has not been formally announced by the firm or the league, and liquidation has not been confirmed. The proposed package of up to $300 million was intended to support LIV’s restructuring and strengthen its finances ahead of a planned 2027 season. Reuters reported that BC Partners was facing a deadline to demonstrate enough player support for a tournament series next year. The withdrawal was reported by the Financial Times, citing people familiar with the decision. Reports attributed the decision to a shortfall in player commitments needed to make the relaunch commercially viable. LIV had sought commitments from established players as it prepared to reorganize as LIV 2.0, with a planned shorter schedule and reduced prize money. The proposed structure also included equity stakes for players, according to reporting on the restructuring plan. Player participation figures reported in connection with the effort describe different measures and are not a confirmed total. One...