BC Partners is seeking to buy a roughly $50 million loan from Saudi Arabia’s Public Investment Fund (PIF), the Financial Times reported, as it explores a LIV Golf successor amid the league’s planned wind-down.
Reuters said it could not immediately verify the report. The Financial Times described the loan effort as a route for BC Partners to gain control of LIV Golf’s Chapter 11 process and reported that the firm had revived work on a successor league.
LIV Golf said it and BC Partners ended their restructuring support agreement after failing to resolve outstanding terms. The league said the proposed recapitalization was not expected to proceed at that time and that it would continue considering alternatives that could preserve value. EconoTimes previously covered the league’s move toward a wind-down.
LIV Golf said in a Sept. 8 announcement that PIF had agreed to provide $49.6 million in debtor-in-possession financing, subject to court approval. The Oct. 15 order keeps PIF as the DIP lender and records a $4 million participation by funds affiliated with BC Partners. The order allocates participation proceeds to certain expenses associated with a potential business transfer; it does not document a transfer of the entire facility.
BC Partners Credit said Oct. 5 that it had committed initial funding as part of a plan with a $300 million cumulative target for a proposed team-focused league entering 2027.
In a Sept. 9 court declaration, LIV Golf Chief Restructuring Officer David Orlofsky said PIF-controlled entities had invested about $5 billion in LIV Golf equity since the league began. He said the league remained loss-making and was years from stand-alone profitability under its previous structure. Orlofsky said PIF decided in April 2026 that further investment no longer fit its strategy, but agreed to finance the rest of the 2026 season through a secured loan.
LIV Golf Board Special Committee members Gene Davis and Jon Zinman called an orderly wind-down “the most responsible path forward.” The case calendar lists a hearing for Nov. 24 at 10 a.m. EST (15:00 UTC).
