American professional golfer, 2 major champion
LIV Golf has secured multiple written commitments from blue‑chip firms that would provide anchor funding after Saudi PIF pulled support; CEO Scott O’Neil has been pursuing $250–$300m and sources say term sheets envision players holding majority equity and events continuing across five continents. Meetings are scheduled at the New Jersey event and a deal was expected in September.
LIV Golf has filed for Chapter 11 bankruptcy in New Jersey and has agreed a restructuring with BC Partners while Saudi Arabia's Public Investment Fund has provided $49.6m in debtor-in-possession financing. The company has listed $500m–$1bn in liabilities, plans a player-majority ownership model and aims to return in 2027.
BC Partners Credit has committed an initial $300 million to LIV Golf’s restructuring, subject to bankruptcy court approval. The funding aims to propel LIV Golf into 2027, with a promised player-owned, globally oriented league as the core ambition. Hearings are set to address the terms and next steps as the league negotiates with creditors and players.
LIV Golf is pursuing a 2.0 restructuring while facing a legal challenge from the DP World Tour over player releases and governance. The European tour is demanding players choose their associations, with deadlines looming as LIV seeks funding and a broader player equity model.