LIV Golf set to wind down after BC Partners Credit withdraws support

LIV Golf is set to be wound down after BC Partners Credit decided not to proceed with a proposed LIV 2.0 restructuring that failed to secure sufficient player commitments, the BBC reported on 4 November 2026. The decision follows the withdrawal of previous backing and a period of restructuring and bankruptcy protection filings earlier this year.

LIV was founded in 2021, with its first season taking place the following year. Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April, and the league filed for bankruptcy protection in September. BC Partners Credit had been expected to provide a possible $300m (£223m) in financing to support a relaunch, but is understood to have concluded the proposed deal was not viable.

BBC Sport understands those working on LIV 2.0 had secured commitments from co‑investors, perceived support from within the golf ecosystem and had around 30 players signed up, including major winners. Despite those commitments, sources said timelines proved insurmountable and the organisers were unable to finalise the necessary agreements to move forward.

Several leading players had already departed the project before the decision, with Jon Rahm and Sergio Garcia among those who walked away. Lee Westwood, described in reports as one of the most high‑profile players to join LIV when it first began in 2022, has publicly expressed reservations about the relaunch terms.

Westwood said on Tuesday: "There hasn't been anything presented to me that is agreeable for LIV 2.0." He added: "There are still a lot of things on that which need fine-tuning."

The league had been under a deadline to demonstrate enough player support to continue in 2027. The PIF provided a debtor in possession (DIP) loan to fund the restructuring process, and sources expect the fund to address the viability of the LIV 2.0 proposal in upcoming court proceedings.

A court hearing on Thursday is expected to include an announcement from the PIF that the proposal for LIV 2.0 is not viable, which would formalise the winding down of the competition's planned relaunch.