LIV Golf lands first slice of $300M debt package to exit restructuring
What's the deal? BC Partners CreditDealroom has a profile for this one. Try Dealroom → has made an initial committed investment in LIV GolfDealroom has a profile for this one. Try Dealroom →, the first tranche of a targeted $300 million in cumulative debt financing. The money is meant to help the breakaway golf league emerge from restructuring and head into the 2027 season.
Why now? The financing is tied to LIV Golf's exit from a restructuring process and remains subject to Bankruptcy Court approval and customary conditions. BC PartnersDealroom has a profile for this one. Try Dealroom → Credit, the credit arm of BC Partners, is leading the investment through funds advised on its platform.
What's the endgame? The next phase, dubbed LIV Golf 2.0, will make players equity owners of both the league and the teams. "Giving players real and actionable ownership in the League and the teams is a unique opportunity in professional golf," said Ted Goldthorpe, partner and head of BC Partners Credit.
What's the plan for the money? The capital is aimed at putting LIV Golf on "sound financial footing," positioning it as a sustainable, team-focused league that complements existing professional tours. BC Partners Credit also points to grassroots programs built alongside nations, cities, and golf's governing bodies.
What could go wrong? The deal still needs court approval, and LIV Golf must convince current and prospective players to buy into the ownership model. Goldthorpe's pitch is direct: "We invite those who want to help build a strong, sustainable, team golf league to join us."
The signal: A credit firm stepping in to recapitalise a league coming out of restructuring — and handing players equity — signals a reset of LIV Golf's financial and competitive strategy. The framing around complementing established tours rather than fighting them marks a notable shift in tone for the sport.
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