LIV Golf secures $300m funding offer to survive US bankruptcy proceedings

LIV Golf has secured a potential $300 million investment package from BC Partners Credit as the Saudi-backed series navigates Chapter 11 bankruptcy proceedings to prepare for a 2027 season relaunch. The proposed funding follows the withdrawal of multibillion-dollar financial support from Saudi Arabia’s Public Investment Fund (PIF) in September. Debt and player negotiations The league entered a court-led restructuring process in the United States after PIF halted funding, leaving 14 current and former players collectively owed at least $45 million. Court filings reveal that Jon Rahm holds the largest unsecured claim at $7.5 million, followed by Bryson DeChambeau at $5.7 million and Dustin Johnson at $5.5 million. Even Brooks Koepka, who returned to the PGA Tour in January, is listed as a creditor for $1.7 million. The financing agreement from BC Partners Credit provides LIV Golf with a liquidity buffer to negotiate with its roster. Officials have extended the deadline for player discussions to 25 October. According to reports, players will not be forced to commit to the league’s proposed "LIV 2.0" model, regardless of existing multi-year contracts. Transition to player ownership LIV Golf CEO Scott O’Neil stated that the investment is intended to transition the league into a player-owned, team-focused entity. The proposed restructuring plans to grant golfers ownership stakes in both the league and their individual teams. This shift comes after the 2026 season was cut short,…