BC Partners, the British alternative investment firm, said Monday that its credit arm has committed as much as $300 million to LIV Golf Ltd., the tour supported by Saudi Arabia's sovereign wealth fund that filed for Chapter 11 in September. If approved, the money could give LIV what it needs to mount a 2027 season. The firm described the commitment as the opening tranche in a cumulative $300 million plan intended to steer the league out of restructuring. US bankruptcy court approval is still required.
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BC Partners says the investment will help fund what it is calling "LIV Golf 2.0," a setup under which players would receive ownership stakes in the league as well as in its teams. The idea is to make it easier to attract and keep talent by giving golfers a direct stake in the outcome. LIV has said its roadmap depends on enough players agreeing to keep competing and that it could have to wind down if it cannot retain sufficient talent. Previously, the league poured hundreds of millions of dollars into recruiting star players and still has outstanding amounts due to some of them.
Court approval is the next hurdle. In a statement, BC Partners Credit's leader, Ted Goldthorpe, said, "Our goal is to facilitate LIV Golf's emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season," For regular investors, the headline is simple: a player-owned model is on the table, the 2027 season is the target, and what happens next hinges on the court's decision and who commits to play.
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