Business & Finance
BC Partners reportedly drops LIV Golf 2.0 funding over player commitment
Fox News reports that BC Partners has dropped plans to fund LIV 2.0 over weak player commitment, with the league reportedly pivoting to a wind-down.
The short version
- Fox News reports that London-based BC Partners has reportedly withdrawn from funding LIV 2.0 due to weak player interest.[Fox News]
- The PIF halted its LIV funding in April, and PIF governor Yasir Al-Rumayyan later resigned from LIV's board.[Fox News]
- LIV filed for Chapter 11 bankruptcy in New Jersey in September after an estimated $5 billion to $8 billion in spending from 2021 to 2026.[Fox News]
- According to The Athletic, LIV is reportedly pivoting to a wind-down because BC Partners no longer sees a viable league.[Fox News]
Key facts
- London-based BC Partners reportedly backed out of its plan to fund LIV 2.0 due to a lack of player interest and commitment.[Fox News]
- The PIF halted funding in April to redirect money toward domestic projects and manage financial pressures from the regional war with Iran.[Fox News]
- Following the decision, PIF governor Yasir Al-Rumayyan resigned from LIV's board.[Fox News]
- LIV filed for Chapter 11 bankruptcy in New Jersey in September.[Fox News]
- Between 2021 and 2026, LIV spent an estimated $5 billion to $8 billion.[Fox News]
What remains uncertain
- The wind-down pivot rests on a report attributed to The Athletic and has not been independently confirmed.[Fox News]
- BC Partners' reasons for withdrawing are reported rather than confirmed; the basis is single-outlet attribution.[Fox News]
- LIV's 2021-2026 spending is an estimate ranging from $5 billion to $8 billion, not a confirmed total.[Fox News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.