LIV Golf is expected to seek liquidation after the lending arm of investment firm BC Partners pulled out of a plan to provide up to $300 million in financing for a 2027 relaunch, the Financial Times reported Wednesday.
\n\nThe investment firm pulled out as a deadline approached and the league still had too few players willing to sign contracts for next season. LIV filed for Chapter 11 bankruptcy protection on September 8 after Saudi Arabia’s Public Investment Fund said it would stop funding the league after the 2026 season.
\n\nThe proposed relaunch, known as LIV Golf 2.0, would have kept the team format, given players an ownership stake, and put at least 10 tournaments on the calendar. About half were expected to take place outside the United States.
\n\nBC Partners Credit, the firm’s lending arm, announced an initial investment commitment in October as part of the proposed financing. The deal depended on enough players signing up for the new league. Axios reported that at least 30 golfers had indicated interest, but some of their representatives were still negotiating financial terms as deadlines in the bankruptcy case approached.
\n\nPlayers also had to weigh what signing would mean for their careers outside…
Original source: https://www.breitbart.com/sports/
