BC Partners Credit Withdraws $300 Million Bid for LIV Golf 2.0, Triggering Liquidation Path

BC Partners Credit, the investment firm lined up to fund LIV Golf’s exit from Chapter 11 bankruptcy, has withdrawn its proposal for a revamped “LIV Golf 2.0” circuit, according to a Wednesday report from the Financial Times.

The firm had committed up to $300 million for a new structure featuring at least 10 tournaments and a renewed emphasis on team competition. However, the plan was contingent on securing commitments from a critical mass of top-tier players, support that ultimately failed to materialize.

Consequently, a previously scheduled U.S. Bankruptcy Court hearing on Thursday is now expected to pivot toward the liquidation of LIV Golf’s assets, the report stated. LIV Golf did not immediately respond to requests for comment.

The league was launched in 2022 with backing from Saudi Arabia’s Public Investment Fund (PIF), which lured major champions such as Dustin Johnson, Brooks Koepka, Bryson DeChambeau, and Jon Rahm with signing bonuses exceeding $100 million. Even players with a single PGA Tour victory commanded guarantees of roughly $30 million—often surpassing their career earnings to that point.

Despite spending over $5 billion on operations, PIF signaled a strategic shift last year, announcing it would cease funding the league after the 2026 season. LIV Golf filed for Chapter 11 protection on September 8.

Complicating the rescue effort further, the DP World Tour issued a stark ultimatum: any player joining the proposed “LIV 2.0” would be denied membership, effectively rendering European players ineligible for the Ryder Cup.

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