BC Partners withdraws proposed LIV Golf relaunch funding

BC Partners Credit has withdrawn its proposed financing of up to $300 million for LIV Golf’s planned relaunch, leaving the bankrupt league’s attempt to continue as LIV Golf 2.0 in jeopardy. Reports citing anonymous sources said the investor pulled out after LIV failed to secure commitments from enough prominent players. The league’s ultimate fate remains undecided, with a bankruptcy hearing scheduled in New Jersey for November 5, where liquidation may be considered. LIV filed for Chapter 11 bankruptcy protection in September after its principal backer, Saudi Arabia’s Public Investment Fund, said it would stop funding the league after the 2026 season. LIV had presented a relaunch plan with a shorter schedule, reduced prize money and equity stakes for players. BC Partners Credit’s proposed investment was intended to support that plan, but reports said the firm concluded it could not form a viable league without sufficient player support. Several high-profile golfers have said they would not return to the proposed version, including Jon Rahm, Tyrrell Hatton and Sergio Garcia. Bryson DeChambeau had expressed interest in the league’s possible future but had not publicly committed...