BC Partners Exits LIV Golf Funding Deal, Bankruptcy Hearing Looms

LIV Golf's newest prospective funding partner, British private equity firm BC Partners, has withdrawn from a deal to bankroll the league after top players refused to commit to its terms, according to a report published Wednesday by OutKick's Ryan Morik and carried by Fox News. The withdrawal lands a day before a scheduled Thursday hearing in a New Jersey bankruptcy court that is expected to begin the liquidation process for the league, the report said.

The collapse of the BC Partners talks follows Saudi Arabia's Public Investment Fund signaling it will end its own financial backing of the tour, according to a Fox News segment featuring correspondent Greg Palkot that accompanied the OutKick report. The PIF is the fund that has bankrolled LIV Golf, and its planned exit is what pushed the league to seek a replacement investor in the first place, per the report.

What did BC Partners decide, and why?

BC Partners had been negotiating to fund a restructured version of the league, referred to in the report as "LIV 2.0," according to OutKick. The firm walked away after Jon Rahm and other top-ranked players told the league the proposed terms were unacceptable, the report said. OutKick did not detail the specific financial or structural terms players rejected, nor did it name which other golfers joined Rahm in opposing the arrangement.

What was the Saudi PIF's role before this?

The Fox News video segment packaged with the OutKick report describes an announcement that Saudi Arabia's Public Investment Fund will cease funding the tour, a move the segment frames as putting the future of the breakaway circuit in jeopardy. The report did not specify a dollar figure tied to the PIF's past investment in LIV Golf or a firm date for when that funding would stop. The BC Partners talks appear to have been an attempt to find replacement capital before that cutoff, based on the sequence described in the report.

What happens at Thursday's bankruptcy hearing?

A hearing scheduled for Thursday in a New Jersey bankruptcy court is expected to begin the liquidation process for the league, according to the OutKick report. The report did not identify which LIV Golf corporate entity filed for bankruptcy, the case number, or the presiding judge. It also did not specify what liquidation would mean for existing player contracts or the remainder of the 2026 schedule.

Timeline: How did LIV Golf reach this point?

• Before Nov. 4, 2026: The Public Investment Fund signals it will stop funding LIV Golf, prompting the league to pursue a replacement backer, per the Fox News segment accompanying the report.
• Before Nov. 4, 2026: LIV Golf and BC Partners negotiate terms for a restructured "LIV 2.0" entity, according to OutKick.
• Nov. 4, 2026: Jon Rahm and other top players reject the proposed terms, and BC Partners pulls out of the deal, OutKick reports.
• Nov. 5, 2026: A New Jersey bankruptcy court holds a hearing expected to begin the league's liquidation process, per the report.

Glossary: terms driving the LIV Golf story

• BC Partners: The British private equity firm the report says negotiated to fund a restructured LIV Golf before withdrawing over player resistance to its terms.
• Public Investment Fund (PIF): Saudi Arabia's sovereign wealth fund, described in the Fox News segment as the backer now ending its support for the tour.
• "LIV 2.0": The term OutKick's report uses for the restructured version of the league that BC Partners had been asked to finance.
• Liquidation: The bankruptcy court process the New Jersey hearing is expected to begin, under which a company's remaining assets are wound down and distributed, per the report.

What to watch next

• Whether the New Jersey bankruptcy court confirms the start of liquidation at Thursday's hearing, as the OutKick report anticipates.
• Whether BC Partners or another investor returns to the table, a possibility the report did not address.
• Whether Jon Rahm or other players publicly describe the terms they found unacceptable.
• Whether the Public Investment Fund's funding cutoff, described in the Fox News segment, becomes final on a specific date.

For golf fans tracking the sport away from the business headlines, the Knicks' return to home games after ending their own title drought offers a reminder that pro-sports turnarounds can move in either direction. Knicks Release Single-Game Tickets After Ending Title Drought

The original OutKick report, including the Fox News video segment on the PIF's funding decision, is available here: LIV Golf's new funding partner pulls out over lack of player commitment in huge blow to league: report

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