BC Partners Pulls Out of $300 Million LIV Golf 2.0 Deal, Leaving League Facing Liquidation
Photo: The GuardianLondon-based investment firm BC Partners is withdrawing from a deal to invest $300 million in LIV Golf's planned 2027 relaunch, known as LIV Golf 2.0, a source familiar with the matter confirmed on Wednesday, following reports from the Financial Times and ESPN. ESPN's sources said that without a last-minute buyer, the league is likely headed toward liquidation of its assets. BC Partners had been set to replace Saudi Arabia's Public Investment Fund as primary financier. LIV filed for Chapter 11 bankruptcy protection in September after its Saudi investors confirmed they would stop funding it after the 2026 season. ESPN's sources said about 30 golfers had committed to LIV 2.0 for 2027 and about 10 more were undecided, but the firm pulled out after negotiations dragged on. Sergio Garcia, Jon Rahm, Ian Poulter and Tyrrell Hatton have said they are not returning. Separately, DP World Tour chief executive Guy Kinnings told the Scotsman that LIV, which he said reportedly spent over $7bn, aimed to wreck his tour, and Rory McIlroy backed him on Wednesday.
The Daily Caller, on the right, leads with the financing collapse, with a headline calling it a major blow. It relays ESPN's account of the $300 million figure, liquidation risk, golfer commitments and the missing marquee names. The Guardian, on the left, also headlines the relaunch's collapse, but its article opens with McIlroy's Abu Dhabi remarks and Kinnings' comments about protecting the DP World Tour and its 2027 membership policy. Both agree the investor is leaving. They differ in focus: the Daily Caller emphasizes finances and player reluctance, while the Guardian emphasizes the rivalry with the European tour. Axios, an alternative source, mostly matches the basic facts and adds the bankruptcy background.
How the sides differ Right sources detail the ESPN-reported financing collapse and golfer defections; left sources pair the collapse with McIlroy backing the DP World Tour's claim; alternative source adds bankruptcy background.
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The Guardian headlines the relaunch's collapse after the lead investor withdrew, but its article opens on Rory McIlroy backing DP World Tour chief Guy Kinnings' claim that LIV sought to destroy the tour.
Axios gives a brief report that the effort to keep LIV alive has collapsed, citing a source on BC Partners' exit and noting the September Chapter 11 filing and Saudi funding withdrawal.
The Daily Caller leads with BC Partners pulling its $300 million commitment, relaying ESPN's sources on likely liquidation, about 30 committed golfers, and stars like Rahm and Garcia saying they won't return.