
LIV Golf’s future hinges on a $300 million investment led by the $40 billion private equity firm BC Partners, which has acquired the league’s $5 billion in net operating losses (NOLs). These losses—$3 billion in U.S.
NOLs and $2 billion in U.K. losses—could allow BC Partners to offset future taxable income, making the deal primarily a financial play rather than a strategic push for golf’s growth.
Analysts suggest the move prioritizes tax benefits over LIV’s operational viability, with only a handful of creditors—including top players like Jon Rahm, Bryson DeChambeau, and Dustin Johnson—standing to recover modest sums from the bankruptcy filing. Meanwhile, vendors like Fresh Tape Media and Mobii Systems have filed smaller claims, underscoring the league’s precarious financial state.

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