LIV Golf to get $300 million investment to help it emerge from bankruptcy
Fortune • • sports
Key Points:
- LIV Golf is seeking bankruptcy court approval for financing from BC Partners Credit, enabling the league to plan a 10-tournament 2027 season, with half of the events held internationally.
- The new funding aims to restructure LIV Golf financially and offer players ownership stakes in the league and teams, fostering long-term success and alignment among stakeholders.
- Following the withdrawal of over $5 billion in funding from Saudi Arabia’s Public Investment Fund, LIV players have a limited time to decide on their participation in the restructured league.
- LIV Golf CEO Scott O’Neil expressed optimism about the league’s future, highlighting progress toward a player-owned, team-focused global golf league, despite ongoing challenges.
- The PGA Tour has not yet announced if LIV players will receive an immediate pathway back, with attention on top players like Jon Rahm and Tyrrell Hatton amid the league’s uncertain future.
![Apple killed the Mac mini's best hidden feature [Video]](https://media-cdn.cashwalklabs.io/https%3A%2F%2Fs3.us-west-2.amazonaws.com%2Fimages.cashwalklabs.io%2F0_admin%2Fnews-ai-images%2F01a11340-c25d-70f7-928a-505357cf3a98.webp?format=webp&w=120&h=80)
