‘It’s been a very strange year on LIV’: LIV Golf to get $300 million investment to help the circuit emerge from bankruptcy
Source: Fortune ·
The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval.
From the source
BC Partners Credit on Monday announced an initial investment in LIV Golf, part of a targeted $300 million in cumulative financing to help the beleaguered circuit emerge from Chapter 11 bankruptcy with a team-focused golf league with players as equity owners. The announcement comes two days before the first of several hearings related to the bankruptcy filing from Sept. 8. The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval. It would allow LIV to start planning on a 2027 season, which includes a 10-tournament schedule, half of them at international sites. “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, the credit arm of BC Partners. “Just as importantly, we want the players who make this league what it is to share in what they help build,” he said. “Giving players…