BC Partners' credit arm is leading a group of investors exploring a loan of more than $250 million to LIV Golf, as the league works to build a funding structure independent of Saudi Arabia's Public Investment Fund.
The PIF previously served as LIV Golf's primary backer but has pulled its direct support. LIV Golf CEO Scott O'Neil said a lead investor has signed an agreement, approved by the board, that anchors the transaction.
O'Neil said the league is seeing interest from more than a dozen additional parties that could participate as minority investors, forming a multi-partner model the league expects to provide long-term stability.
The $250 million is critical for LIV Golf to remain operational through 2027. Without the capital, the league faced significant financial uncertainty following the PIF's withdrawal.
Leading LIV players, including Crushers GC captain Bryson DeChambeau, have monitored the league's financial situation. Some players explored backup options—including expanding their YouTube presence—in anticipation of potential funding shortfalls.
The PGA Tour appears unconcerned by the new arrangement. Golf journalist Dan Rapaport said a scaled-back LIV Golf would pose little competitive threat to the Tour.
LIV Golf executives have actively sought new investment during the tour's current seven-week break. The shift moves the league from a single sovereign-wealth-fund model to a diversified investor base.
