Photo: Andreas Sandberg / CC BY-SA 3.0
LIV Golf’s proposed $300 million financing deal with BC Partners Credit has fallen through, according to reports Wednesday, putting the league’s bankruptcy-exit plan under renewed pressure without establishing that a shutdown has been decided.
ESPN reported, citing sources, that BC Partners was withdrawing and that liquidation was likely unless another buyer emerged. A later Front Office Sports report added an important qualification: the current version of the deal would not be signed, but BC was “not out completely,” a source familiar with its operations said.
For players, employees and creditors, the failed financing plan creates fresh uncertainty about whether the league can relaunch. Neither report establishes that a court has ordered liquidation or that LIV has confirmed a complete shutdown.
Current deal off, future involvement unresolved
The proposed financing was part of a restructuring support agreement intended to allow LIV to emerge from Chapter 11 as “LIV 2.0.” Front Office Sports reported that players would have held a majority equity interest, with BC owning nearly half of the new league.
ESPN’s sources tied the withdrawal to an insufficient number of leading golfers committing to return in 2027. Front Office Sports also cited a separate source familiar with LIV’s operations who claimed a “critical mass” of players had been achieved last week. Those accounts differ, and no final participant list was established by the reports.
Front Office Sports said it remained unclear whether LIV would wind down entirely. Its source said it was too early to identify what BC would need to see before reengaging under a different arrangement.
Bankruptcy hearing comes next
LIV filed for Chapter 11 protection on September 8, ESPN reported. That filing is background to Wednesday’s financing setback, not a new bankruptcy filing.
Front Office Sports reported that the next bankruptcy hearing is scheduled for Thursday, November 5, at 11:30 a.m. Eastern, when lawyers had been expected to discuss next steps with Judge Michael Kaplan.
ESPN said a LIV spokesperson did not immediately respond to its request for comment; Front Office Sports said the league could not be reached. Their reports leave open the possibility of a revised financing arrangement or another investor.
JBizNews previously noted the potential BC Partners lifeline. Wednesday’s development concerns the failure of that proposed deal, rather than confirmation of the league’s final fate.
JBizNews Desk | Business
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