BC Partners reportedly seeks control of LIV Golf assets

Business · First reported 8 Nov, 14:32 · Updated 14:58

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BC Partners is reportedly seeking to buy a $50 million bankruptcy loan from Saudi Arabia’s Public Investment Fund, which could give it control of LIV Golf’s bankruptcy process. The reported move follows the league’s decision to wind down after financing talks failed; the report has not been independently verified by Reuters.

The Financial Times reported that BC Partners is seeking to acquire a $50 million bankruptcy loan from Saudi Arabia’s Public Investment Fund, which could give the firm control over LIV Golf’s Chapter 11 process.
LIV Golf said it would wind down after a proposed financing deal with BC Partners collapsed; the league had filed for bankruptcy protection in September.
Reuters said it could not immediately verify the report and that BC Partners and LIV Golf had not immediately responded to its requests for comment.

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Key facts

Loan sought: $50 million bankruptcy loan from Saudi Arabia’s Public Investment Fund, according to the FT report.
Potential effect: The financing would allow BC Partners to exert control over LIV Golf’s Chapter 11 process, the report said.
Earlier financing plan: BC Partners had lined up as much as $300 million for a proposal to stage tournaments in 2027, but the effort unravelled after players declined to commit, the report said.
Verification: Reuters said it could not immediately verify the FT report.