LIV Golf nears liquidation after BC Partners withdrawal
LIV Golf is likely to seek liquidation after BC Partners withdrew support for its LIV 2.0 plan. The league has filed for Chapter 11 bankruptcy in the United States, and major players including Jon Rahm have left.
IllustrationThe story so far
On 3 November 2026, Jon Rahm said he left LIV Golf because he was not willing to follow the path toward LIV 2.0. He had reached a separation agreement in October and retained DP World Tour membership, keeping him eligible for next year's Ryder Cup. Saudi Arabia's Public Investment Fund had withdrawn backing in April after investing more than $5bn, and LIV had filed for bankruptcy protection in the United States in September.
On 4 November 2026, BC Partners dropped its plan to provide about $300 million for LIV 2.0, leaving the league likely to seek liquidation. A New Jersey hearing on Thursday could start the process, while Jon Rahm, Sergio Garcia and other major names had left. On 5 November, South Australian Premier Peter Malinauskas said the league's anticipated demise had moved a step closer, calling it game, set and match, and cast doubt over the next event at Kooyonga in March.
Latest updates
3 updates · newest first- 5 NovNew development
LIV Golf to liquidate after $300m financing deal falls apart
LIV Golf announced Thursday that it is winding down operations and entering liquidation after failing to secure a $300 million investment from BC Partners Credit. The league, which filed for Chapter 11 bankruptcy in September, said it could not reach a consensual arrangement to launch a new 'LIV 2.0' version for 2027. High-profile players including Jon Rahm and Sergio Garcia had already departed, and the league lost Saudi Arabia's funding in April after spending over $5 billion.
Yahoo Sports ↗
Sky Sports ↗
The Guardian ↗
- 4 NovNew development
LIV Golf set to wind down after BC Partners withdraws support
BC Partners has dropped its plan to provide about $300 million for LIV Golf's LIV 2.0, leaving the league likely to seek liquidation. Saudi Arabia's Public Investment Fund had withdrawn earlier this year, and LIV filed for Chapter 11 bankruptcy protection in September. A New Jersey hearing on Thursday could start the process, while Jon Rahm, Sergio Garcia and other major names have left.
BBC Sport ↗
CBS Sports ↗
- 3 NovNew development
Rahm says he left LIV because he was not willing to follow the LIV 2.0 path
Jon Rahm said he left LIV Golf because he was not willing to follow the path the breakaway series was taking toward LIV 2.0. Saudi Arabia's Public Investment Fund withdrew its backing in April after investing more than $5bn, and LIV filed for bankruptcy protection in the United States in September. Rahm reached a separation agreement in October and has retained DP World Tour membership, keeping him eligible for next year's Ryder Cup.