LIV Golf Secures $300M Credit Deal from BC Partners for Restructuring

LIV Golf has reached an agreement for up to $300 million in financing from BC Partners Credit. This capital is intended to support the league's emergence from Chapter 11 bankruptcy and facilitate a transition to a player-owned business model. The proposal remains subject to approval from the bankruptcy court.

"Our goal is to facilitate LIV Golf’s emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season," said Ted Goldthorpe, partner and head of BC Partners Credit.

Restructuring and Strategic Pivot

The financing package is a central component of the league's plan to overhaul its operations. LIV Golf filed for Chapter 11 protection in September 2026. It reported assets valued between $100 million and $500 million, while carrying liabilities estimated between $500 million and $1 billion. This restructuring effort includes a shift in the league's ownership structure, which would grant players equity stakes in both the individual teams and the broader league entity.

"This investment is an important step forward for LIV Golf, and I want to thank Ted Goldthorpe and the entire BC Partners team for their conviction in what we're building," said LIV Golf CEO Scott O'Neil.

Timeline for Negotiations

The agreement provides the league with an extension to finalize terms regarding player participation and the equity distribution model. According to a Sky Sports report, negotiations with players are open through October 25, 2026. This window allows the league to secure the necessary buy-in from its roster before the 2027 season begins.

Understanding Chapter 11 Reorganization

Unlike Chapter 7 bankruptcy, which involves the liquidation of assets to pay creditors, Chapter 11 is a reorganization process. It allows a company to remain operational while it restructures its debts and revises its business model under court supervision. By securing this credit facility, LIV Golf aims to stabilize its balance sheet and address the financial pressures that led to the September 2026 filing. The success of this transition depends on the court's approval of the financing terms and the agreement between the league and its players regarding the new equity structure.