Overview
- BC Partners Credit announced this week an initial committed investment as the first tranche of a targeted $300 million package to back LIV Golf’s court‑supervised restructuring, and the financing remains subject to New Jersey bankruptcy‑court approval.
- The parties amended their Restructuring Support Agreement to push the deadline for players to accept new LIV 2.0 deals to Oct. 25, with the proposed plan offering players a majority equity stake and a roughly 10‑event, lower‑purse 2027 schedule.
- On Wednesday, Oct. 7, an attorney for Jon Rahm told the bankruptcy court Rahm reviewed LIV 2.0’s terms and will not participate, and the player and LIV are negotiating a separation agreement that would remove him from the proposed relaunch.
- Court filings show LIV listed estimated assets of $100 million–$500 million and liabilities of $500 million–$1 billion, with the top 27 unsecured claims totaling more than $64 million and about $45 million owed to current and former players; the Saudi PIF provided a $49.6 million debtor‑in‑possession loan as it exits backing.
- The near‑term outcome depends on upcoming bankruptcy hearings, rulings on whether LIV can reject player contracts, and whether enough indebted marquee players sign new deals or instead seek exits that could fragment the league and free them to pursue other tours.