LIV Golf's future appears increasingly uncertain after BC Partners, the private capital firm that had committed more than $300 million to rescue the circuit, decided to abandon its bid to keep the league operating, according to reports from The Athletic and the Financial Times.
The withdrawal comes just over six months after Saudi Arabia's Public Investment Fund stopped financing the upstart league, which was originally launched with the goal of challenging the PGA Tour's dominance of professional golf. BC Partners had pledged its support in August as LIV Golf sought to reinvent itself in the wake of the PIF's exit.
Roughly 15 players had shown interest in the relaunched concept known as LIV Golf 2.0, but the firm concluded that the project lacked both the volume of golfers and the star power needed to remain viable. BC Partners had reportedly anticipated at least twice as many player commitments.
With its last realistic funding option gone, the league may now have little choice but to liquidate its assets and shut down entirely. The Public Investment Fund had poured approximately $7 billion into the venture to launch the circuit, bankroll enormous player contracts, some worth nine figures, and sustain five seasons of competition.
The league's troubles mounted quickly once Saudi funding dried up. Two tournaments were cancelled, vendors went unpaid and some players did not receive their money. The circuit had promised in September to secure a new backer and reimagine the league, a plan that has now collapsed.
Player departures have accelerated throughout the turmoil. Nearly every major name on the roster has left, including Jon Rahm, Tyrrell Hatton and Sergio Garcia. Brooks Koepka accepted penalties to return to the PGA Tour ahead of the 2026 season, while Bryson DeChambeau had recently indicated he intended to stick with LIV Golf's new iteration. The contract situations of Dustin Johnson, Cameron Smith and Joaquin Niemann remain unclear.
Representatives for Rahm and other LIV Golf creditors are scheduled to appear at a hearing in New Jersey on Thursday, one day after the funding news broke, as they seek to finalize their agreements. Entering that court date without any funding, the league could opt to liquidate and fold altogether.
The PGA Tour has so far been reluctant to create additional routes back for former LIV Golf players, although some could recover their playing privileges through the tour's traditional qualifying procedures.
