LIV Golf Secures Potential $300 Million Financing for 2027 Season Amid Restructuring

LIV Golf has reached an agreement for a potential $300 million financing package from BC Partners Credit, a move intended to support the league's restructuring efforts and pave the way for its 2027 season. The league filed for Chapter 11 bankruptcy protection in September following the withdrawal of funding from Saudi Arabia's Public Investment Fund (PIF).

The financing is subject to approval by the bankruptcy court and other customary conditions. This investment is seen by league insiders as a significant step toward completing the court-supervised restructuring process and re-establishing LIV Golf on a sound financial footing. Ted Goldthorpe, partner and head of BC Partners Credit, stated that the firm's goal is to facilitate LIV Golf's emergence with renewed momentum.

The proposed financing would support the next phase of LIV Golf, which includes plans for players to become equity owners in both the league and its teams. LIV Golf CEO Scott O'Neil described the investment as a meaningful advancement toward creating a player-owned, team-focused global league that complements the broader sport.

LIV Golf's financial situation has been under scrutiny since its controversial launch in 2021, with over $5 billion reportedly spent by the PIF to attract major players with lucrative contracts. However, uncertainty has surrounded the league's future, leading to its 2026 season concluding early.

Documents filed in the bankruptcy petition reveal substantial amounts owed to creditors, including players. Among the top 30 unsecured claims, two-time major winner Jon Rahm is listed with a claim of $7.5 million. Other prominent golfers such as Bryson DeChambeau ($5.7 million), Dustin Johnson ($5.5 million), Cameron Smith ($4.8 million), and Tyrrell Hatton ($3.4 million) also have significant unsecured claims. Brooks Koepka, who rejoined the PGA Tour in January, has an unsecured claim of $1.7 million. The total amount owed to the 14 current and former LIV players among the top 30 creditors exceeds $45 million. A source familiar with the figures indicated that these amounts represent payments owed for the third quarter of 2026, not necessarily the full contractual sums.

Chapter 11 bankruptcy protection allows U.S. companies to reorganize their debts or sell assets while temporarily postponing obligations to creditors. The PIF is also providing $49.6 million in 'debtor in possession' (DIP) financing to fund the restructuring process.

The agreement with BC Partners Credit also extends the deadline for LIV Golf to negotiate terms with its players until October 25. There is no obligation for players to sign on to the reformed LIV Golf 2.0, regardless of previous contract statuses.