LIV Golf has extended the deadline for players to commit to the league. Originally set for October 13, the new date is October 25. This change follows BC Partners’ recent investment in “LIV 2.0,” aiming for $300 million to help the league emerge from Chapter 11 bankruptcy.
In September, LIV Golf filed for bankruptcy after the Saudi Public Investment Fund, which had been the league’s sole financial backer since its 2022 launch, decided to withdraw support after the 2026 season. The fund had invested $5 billion before ending financial contributions.
BC Partners’ financial contribution came just two days before scheduled hearings for LIV Golf’s bankruptcy case. If bankruptcy court approves the funding, LIV could prepare for a 2027 season featuring a 10-tournament schedule, including international events.
Ted Goldthorpe, partner and head of BC Partners Credit, emphasized the importance of players having real and actionable ownership in the league. “Giving players real and actionable ownership in the league and the teams is a unique opportunity in professional golf,” he said. This approach aims to align players around the long-term success of the league.
In August, it was announced that players competing in the next phase of LIV Golf would hold a majority of equity. CEO Scott O’Neil stated that the league will be “driven by and for the players.” Notable players still with LIV Golf include Bryson DeChambeau, Jon Rahm, Joaquin Niemann, Cameron Smith, and Tyrrell Hatton.
Given LIV’s bankruptcy and restructuring, players may be released from existing contracts, allowing them to explore other opportunities. However, the PGA Tour currently offers no straightforward path for players who previously left for LIV.
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