LIV Golf Faces Liquidation After BC Partners Withdraws $300 Million Bid
Updated
Updated · The New York Times · Nov 4
LIV Golf Faces Liquidation After BC Partners Withdraws $300 Million Bid
3 articles · Updated · The New York Times · Nov 4
Summary
A New Jersey bankruptcy court hearing on Thursday is expected to begin liquidating LIV Golf after BC Partners pulled the financing that was meant to fund the league’s next version.
BC Partners had been prepared to invest up to $300 million, but sources said it no longer believed LIV could become a viable league and withdrew before undecided players committed for 2027.
About 30 players had signed for 2027 and roughly 10 more were undecided, while several prominent names — including Jon Rahm and Tyrrell Hatton — had already signaled plans to play elsewhere.
Saudi Arabia’s Public Investment Fund, which spent about $5 billion launching and backing LIV, exited in April; that led to a September bankruptcy filing despite a final bridge loan.
LIV’s business model never stabilized: losses topped $5 billion by February, annual revenue never exceeded $227 million, and broadcast income accounted for only about 5% of 2025 revenue.
With LIV Golf facing liquidation and only $15 million in cash, who will pay the $45.5 million still owed to players?
How will Fox Sports manage the financial fallout from their broadcast deal now that LIV Golf has officially collapsed?
After burning $5 billion, will stranded LIV Golf stars face permanent bans from traditional tours or be welcomed back?
LIV Golf’s $5 Billion Failure: Causes, Bankruptcy Fallout, and the Reshaping of Global Golf
Overview
LIV Golf collapsed in November 2026 after Saudi Arabia’s Public Investment Fund withdrew support, leading to massive financial losses and a failed rescue plan. With over $5 billion in losses and no sustainable revenue, the league filed for bankruptcy. Star players like Jon Rahm and others rejected a last-ditch restructuring, causing investors to pull out and forcing LIV into liquidation. As the league shut down, European players paid fines to rejoin the DP World Tour, while the PGA Tour enforced strict suspensions, making it hard for former LIV golfers to return. This sequence reshaped professional golf’s landscape and policies.