▲ LIV Golf CEO Scott O'Neil
LIV Golf, currently facing an existential crisis, has failed to secure crucial investments.
The Financial Times reported on the 4th (local time) that private equity firm BC Partners has withdrawn its investment plans for the relaunch of LIV Golf.
The decisive reason was LIV Golf's failure to secure the participation of major players.
Having fallen into severe financial difficulties due to the suspension of funding from Saudi Arabia's Public Investment Fund (PIF), LIV Golf pursued financial restructuring and investor recruitment. It recently drafted a plan to launch "LIV 2.0," a new league format, backed by up to $300 million (approx. 400 billion won) in financial support from BC Partners.
However, continuous departures of key players such as Jon Rahm and Sergio Garcia (both of Spain) disrupted the roster composition and revenue model, ultimately leading key investor BC Partners to pull out.
LIV Golf now faces the threat of dissolution following the withdrawal of investment by BC Partners.
Citing multiple sources, the U.S. sports media outlet The Athletic reported that "LIV Golf is preparing to wind down its business."
Reuters reported, "While LIV Golf maintains its stance that it will continue operations, whether it can hold the 2027 season normally has become uncertain," adding that "it is scheduled to attend a hearing at the U.S. Bankruptcy Court in Trenton, New Jersey, on the 5th."
(Photo: Getty Images)
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