LIV Golf secures investment as it bids to continue into 2027 and beyond

LIV Golf has reportedly secured new financial backing as it continues its restructuring and prepares for a revamped 2027 season.

BC Partners Credit has confirmed a commitment to invest in the Saudi-backed breakaway league, with the funding potentially reaching $300 million.

The investment comes after the Public Investment Fund of Saudi Arabia (PIF) withdrew its backing earlier this year, leaving LIV seeking alternative sources of financial support.

Ted Goldthorpe, Partner and Head of BC Partners Credit, said the firm’s objective was to provide the league with a stronger financial platform as it moves into its next phase.

“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,” said Ted Goldthorpe, Partner and Head of BC Partners Credit in a statement.

He also highlighted plans for players to have a greater financial stake in the league and its teams.

“Just as importantly, we want the players who make this league what it is to share in what they help build. Giving players real and actionable ownership in the League and the teams is a unique opportunity in professional golf, and it aligns everyone around the long-term success of the product for the game and for the fans.”

LIV CEO Scott O’Neil welcomed the agreement, describing it as a significant development in the league’s efforts to establish a new ownership structure.

“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.”

The announcement follows LIV’s filing for Chapter 11 bankruptcy protection last month. Under the terms of its original restructuring agreement, the league had been required to secure commitments from its players for the 2027 season by October 14.

That deadline has now been pushed back to October 25 under an amended Restructuring Support Agreement reached with BC Partners.

The financial agreement is also part of wider plans to reshape LIV for next season. The proposed 2027 schedule is expected to feature 10 tournaments, with Australia, South Africa, Mexico, England, Hong Kong and the United States among the markets being targeted.

There are also plans to increase tournament fields to 75 players. That would represent another significant change for LIV, with the league considering the introduction of a cut for the first time since its launch.

The proposed changes, combined with the potential for player ownership of both the league and individual teams, point towards a significantly different model for LIV as it enters its next phase.