Major Setback For LIV 2.0 As BC Partners Pulls Out Of Financing Deal

WESTFIELD, IN - AUGUST 19: LIV Golf CEO Scott O'Neil speaks at a press conference on August 19, 2026, before the first round of LIV Golf Indianapolis at The Club at Chatham Hills in Westfield, Indiana. (Photo by Brian Spurlock/Icon Sportswire via Getty Images)Icon Sportswire via Getty ImagesBC Partners, the investment firm that stepped in to replace the Saudi Public Investment Fund (PIF) as financiers for LIV Golf, have pulled out of their deal with LIV Golf League. BC Partners had originally committed to investing $300 million in LIV Golf League, providing much needed funding for LIV Golf 2.0, the supposed next chapter of LIV Golf League. The move by BC Partners will be a major setback for the continued survival of LIV Golf. Only a handful of players had publicly committed to playing LIV Golf 2.0. Those players were Richard Bland, Cameron Tringale, Brendan Steele, and Ben Campbell. Many of LIV Golf’s stars have since departed the league, including Tyrrell Hatton, Jon Rahm, and Sergio Garcia, with still others having departed even earlier. Those players include Brooks Koepka, Patrick Reed, and Eugenio Chacarra. Still, others remain in limbo, including Dustin Johnson and others who are hoping to negotiate with the Saudi PIF regarding unpaid contracts. Koepka rejoined the PGA Tour in 2026 under the PGA Tour’s returning member program, which included program eligibility requirements such as having won certain tournaments within 2022-2025 as well as a short application window. Many other LIV golfers did not take that route. It’s presumed that those ex-LIV golfers with status on the DP World Tour will play on that tour for the 2027 season.LIV Golf had previously filed for Chapter 11 bankruptcy on September 8, 2026 in order to restructure the league’s debts and obligations. The bankruptcy proceedings were originally intended to give LIV Golf time to address prior financial obligations and to complete it’s transaction with BC Partners. A hearing is scheduled in US Bankruptcy Court for LIV Golf on November 5. However, it’s likely that without financing from BC Partners, LIV Golf will be headed towards a liquidation of its assets. This article was originally published on Forbes.com