BC Partners Drops Bid to Relaunch LIV Golf
The private credit firm withdrew its plan to back the Saudi-funded golf league after it filed for bankruptcy protection in September.
Updated on Nov. 4, 2026 in Golf
BC Partners Credit dropped its bid to relaunch LIV Golf, the professional men's league that filed for bankruptcy protection in New Jersey in September as part of a restructuring. The firm had made an initial investment in October and planned to provide up to $300 million in financing.
Why it matters
The withdrawal leaves LIV Golf's future uncertain as it attempts to reorganize, and it affects the league's ability to keep competing with the PGA Tour for top players. LIV has said it plans to continue operating while it reorganizes.
The planned financing of up to $300 million was a reported figure from the extraction, but the amount actually disbursed is not stated. The league launched in 2022 with backing from Saudi Arabia's Public Investment Fund, and the source does not say how much of that support remains.
The players
BC Partners Credit
BC Partners Credit is a financing provider to middle-market companies that had committed to backing LIV Golf before withdrawing its bid.
LIV Golf
LIV Golf is a professional men's golf league launched in 2022 that competes with the PGA Tour and has been funded by Saudi Arabia's Public Investment Fund.
The details
BC Partners Credit, which provides financing to middle-market companies, had made an initial investment in LIV Golf in October. The firm then withdrew its bid to relaunch the league, which had lured leading players from the PGA Tour with lucrative contracts. BC Partners faced a deadline to show it had secured enough player support to hold a tournament series in 2027.
Timeline
2022: LIV Golf launched with funding from Saudi Arabia's Public Investment Fund.
September: LIV Golf filed for bankruptcy protection in New Jersey.
October: BC Partners made its initial investment in LIV Golf.
Wednesday, November 4, 2026: Financial Times reported that BC Partners was dropping its LIV bid.
2027: Deadline for showing enough player support to hold a tournament series.
Season Trajectory
LIV Golf's 2022 launch, backed by Saudi Arabia's Public Investment Fund, created a direct rival to the PGA Tour by signing its leading players to lucrative contracts. The bankruptcy filing and BC Partners' withdrawal now put that challenge in doubt, with the league's 2027 schedule dependent on securing enough player support.
Golfers and fantasy players tracking LIV Golf events face uncertainty about the league's 2027 schedule and roster. The withdrawal means the league's near-term financing now depends on a restructuring that has not yet named a new backer.
The takeaway
The bid withdrawal shows how dependent LIV Golf has been on outside financing to compete with the PGA Tour, and its restructuring will test whether the league can survive without a committed backer.
What happens next
LIV has said it plans to continue operating while it reorganizes, and the league must show enough player support to hold a tournament series in 2027.
Further reading
For more on the league's rivalry with the tour, see Golf coverage.
