Big drama in the golfing world! LIV Golf had hoped BC Partners Credit would step in with up to $300m (£223m) in fresh financing. This came after Saudi Arabia's Public Investment Fund (PIF) stopped its funding back in April, forcing the league to file for bankruptcy protection in September.
The new rescue project, called LIV 2.0, was meant to keep the competition running. Organisers reportedly had around 30 players signed up, including major winners, along with interest from co-investors. But time simply ran out, key agreements could not be reached, and BC Partners decided the deal was not viable.
Player Exits and Heavy Pressure
Trouble had already been brewing for a long time. Top stars like Jon Rahm and Sergio Garcia walked away earlier. Other big names like Ian Poulter, Tyrrell Hatton and Graeme McDowell also exited. When Rahm departed, he was reportedly owed about $100m (£75m) on his contract.
The European tour, sponsored by DP World, turned up the heat even more last month. They announced that players who signed with LIV Golf for the next season would be barred from the European tour in 2027. That move effectively blocked them from playing in the prestigious Ryder Cup.
“there hasn't been anything presented to me that is agreeable for LIV 2.0”Lee Westwood
The Final Curtain
PIF spent more than $5bn (£3.7bn) since LIV launched in 2021, shaking the golf world with massive pay packets. But the 2026 season ended early, and an event in Indianapolis during August turned out to be its final tournament.
A loose deadline to lock in players for 2027 passed last Sunday without success. Despite bringing in former Taylor Made and Adidas executive Mark King as a senior adviser last week, the effort could not be saved.
What happens next
An attorney acting for LIV is expected to announce in a court hearing on Thursday that the proposal for LIV 2.0 is not viable.
