LIV Golf loses $300 million funding in potential death knell

LIV Golf is on the brink of permanent closure after BC Partners Credit, the private equity firm that had pledged up to $300 million to fund a relaunch known as LIV 2.0, withdrew its financial support. The decision to abandon the deal, reported by the Financial Times on November 4, leaves the Saudi-backed league without the capital necessary to survive its current Chapter 11 bankruptcy proceedings.

With the primary investor stepping away, the organization faces a high probability of liquidation rather than a successful restart.

The collapse of the financing plan has prompted LIV Golf to prepare an announcement for Thursday regarding the winding down of its operations. This development follows a bankruptcy hearing scheduled for the same day in New Jersey, where the league's fate will be formally addressed.

The withdrawal of funds marks a definitive end to the recent efforts to secure a financial lifeline for the tour.

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