LIV Golf secures $300 million investment ahead of 2027 season
LIV Golf is poised to secure a $300 million (£226.8 million) investment from BC Partners Credit to go ahead with the 2027 season, reports BritPanorama.
Last month, LIV sought Chapter 11 bankruptcy protection in the United States as part of efforts to “preserve the company’s business”. The league intends to transition to a player-owned model by 2027, with CEO Scott O’Neil promising continued events in various regions including Australia, South Africa, Mexico, England, Hong Kong, and the United States.
With the investment announcement, discussions can proceed until October 25. Joaquin Niemann, a standout player in the LIV tour, noted that there are “positive aspects” to the league’s restructuring.
Following the disclosure of BC Partners’ investment, O’Neil stated, “This investment is an important step forward for LIV Golf, and I want to thank Ted Goldthorpe and the entire BC Partners team for their conviction in what we’re building. We believe deeply in the future of this league and in the opportunity to build something distinctive alongside our players.”
“We’re delivering on our major milestones, and while there is still work ahead, today marks meaningful progress toward a player-owned, team-focused, truly global league that complements the wider game and creates new opportunities for players, fans, partners, and the next generation of golfers,” O’Neil continued.
Ted Goldthorpe, partner and head of BC Partners Credit, emphasized their objective: “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.”
Since LIV’s inception five years ago, Saudi Arabia’s Public Investment Fund (PIF) has injected over $5 billion (£3.7 billion) into the league. However, PIF recently confirmed it would withdraw its investment by the end of April, citing that the “substantial investment” required was “no longer consistent with the current phase of PIF’s investment strategy”. Despite this shift, PIF has stated, “LIV Golf has substantially grown the game globally through its transformational and positive impact. It has forever changed the game of golf for the better.”
LIV was forced to cancel and postpone tournaments last season, including its Team Championship at the end of August. Futures for its star players, such as Jon Rahm and Bryson DeChambeau, remain in question, although Rahm recently reached a resolution with the DP World Tour regarding outstanding fines to allow him eligibility for the 2027 Ryder Cup.
This latest chapter in LIV Golf’s story illustrates the tumultuous path of modern professional golf, where financial muscle and player autonomy increasingly intertwine. As the landscape shifts, fans and players alike will be watching closely to see if this fresh investment can stabilize a league still seeking its footing.
