Financing plan filed in bankruptcy court
A court filing in LIV Golf's bankruptcy case on Monday confirmed that BC Partners Credit will put as much as $300 million into the league so a restructured version can keep playing in 2027. Approval from the U.S. Bankruptcy Court for the District of New Jersey would still be required for the financing. LIV sought Chapter 11 protection last month after wrapping up its last season with money from Saudi Arabia's Public Investment Fund. PIF's exit contributed to a chaotic 2026 for LIV, which scrapped two events, among them the Team Championship that closed the season.[S1][S2]
Leadership statements and player claims
BC Partners Credit managing partner Ted Goldthorpe issued a statement saying the aim is to help LIV Golf come out of restructuring in solid financial shape and with fresh energy for the 2027 season. He also said the firm is enthusiastic about what this stage could bring to the league's players, and extended an invitation to anyone eager to assist in creating a durable, team-oriented golf league. LIV CEO Scott O'Neil voiced strong belief in the league's future and in crafting something unique together with its players, adding that meaningful strides are being made toward a player-owned, team-centric global circuit that benefits the sport and creates fresh opportunities for everyone involved.[S1]
O'Neil has laid out a plan for LIV to stage 10 tournaments next year, with five of them on American soil. Whether players stick with the tour matters greatly, since the bankruptcy filing shows a number of top names hold large unsecured claims. Among them are Spain's Jon Rahm at $7.5 million, Bryson DeChambeau at $5.7 million, Dustin Johnson at $5.5 million, Australia's Cameron Smith at $4.8 million, England's Tyrrell Hatton at $3.4 million, and Brooks Koepka at $1.7 million. Koepka departed the league early in 2026.[S1]
Ownership structure and financial position
LIV Golf 2.0 aims to provide players with a 52.5% ownership stake, while BC Partners Credit and other minority investors will hold 45% equity, and management will receive the remaining 2.5%, according to Golf Channel. The bankruptcy filing in New Jersey estimates LIV's assets at $100 million to $500 million, with liabilities ranging from $500 million to $1 billion.[S1]
