Funding
LIV Golf 2.0 draws about 15 tentative player commitments as BC Partners seeks $300 million deal
By News Desk ·
Key takeaways
- About 15 golfers have tentatively committed to LIV Golf 2.0, with BC Partners set to invest $300 million.
- BC Partners wants 30 to 40 player commitments for a 17-event global team circuit.
- An October 30 deadline has been set for a deal, or the PIF will begin winding down league operations.
About 15 golfers have tentatively committed to playing LIV Golf 2.0, giving the private equity-backed successor to the Saudi-funded circuit enough encouragement to seek an official deal, the New York Post reported. BC Partners will invest $300 million into LIV 2.0, and the firm set Sunday as the deadline for player commitments to the new iteration of the league.
BC Partners Sets Terms For LIV Golf 2.0
The identity of the players is not known. An extension is likely to be given for player commitments, according to the report. A group of players, led by Dustin Johnson, is seeking a severance payout from the Saudi Public Investment Fund and is tying participation in LIV 2.0 to receiving the payouts. An October 30 deadline has been set for a deal for LIV 2.0, or the PIF will begin to wind down league operations.
Only Richard Bland, Cameron Tringale, Brendan Steele and Ben Campbell have publicly committed to joining LIV 2.0, while big names such as Jon Rahm and Tyrrell Hatton have said that they would no longer be playing on the LIV circuit. BC Partners is looking for 30 to 40 player commitments to get the new LIV off the ground, and it wants to see LIV as a 17-event global team golf circuit. LIV CEO Scott O'Neil had gone out in search of new investors after the Saudi PIF pulled its financial backing of the league, which it has reportedly sunk $5.5 billion into since 2021. The new plan is to have players own a piece of the league, and players have been asking for an explanation of the power they would have in the new LIV Golf and their governance rights, how the league will make money and possible risks and rewards. BC Partners is also looking into a $5 billion tax-loss asset LIV accrued, which would allow it to make future corporate acquisitions. The PIF is the sole lender to LIV and controls the bankruptcy process it is currently in.
A bankruptcy judge approved an agreement between LIV Golf and BC Partners, providing $300 million in loans and investments, Yahoo reported. The deal gives players 52.5% equity in LIV Golf 2.0, with BC Partners holding 45% and management 2.5%.
LIV Golf's Funding History
According to akta.pro company records, LIV Golf has seven funding rounds on record, including a $300 million debt-funded round in October 2026 led by BC Partners. The league's total funding stands at $6.5 billion, with a valuation estimate of $1 billion to $5 billion.
| Date | Round | Amount | Lead investor |
|---|---|---|---|
| 2026-10 | Debt-funded | $300 million | BC Partners |
| 2026-09 | Debt-funded | $49.6 million | Public Investment Fund |
| 2026-08 | Undisclosed | Undisclosed | Undisclosed |
| 2026-02 | Private equity | $266.6 million | Public Investment Fund |
Earlier Moves Toward A New League
In October 2026, Dustin Johnson and over 10 LIV golfers sought severance payments from the Public Investment Fund after LIV filed for bankruptcy, with claims totaling more than $100 million, The New York Times reported. Jon Rahm agreed to leave LIV Golf and gave up the remainder of his $300 million-plus deal, Yahoo reported, with court approval scheduled for November 5. Ian Poulter confirmed he will not join LIV Golf's proposed 2.0 tour, Yahoo reported, citing family time and senior golf focus.
Next Steps For The Deal
A bankruptcy judge approved an agreement between LIV Golf and BC Partners, with the next hearing set for October 20, Yahoo reported. Court approval for Jon Rahm's separation from LIV Golf was scheduled for November 5, Yahoo reported.