BC Partners tries to take control of bankrupt LIV Golf by buying Saudi fund's $50 million loan

BC Partners is trying to take control of LIV Golf's bankruptcy case, the Financial Times reported on Sunday, according to a Reuters report on the FT story. The London-based private equity firm is said to be seeking to acquire a $50 million bankruptcy loan from Saudi Arabia's Public Investment Fund (PIF), the debtor-in-possession financing that would let it exert control over LIV's Chapter 11 process.

Reuters said it could not immediately verify the FT report. BC Partners declined to comment, and LIV Golf could not be reached. Treat this as a reported effort, not a done deal.

How LIV got here

Per Reuters, the sequence runs like this:

• April: the PIF said LIV no longer fit its investment strategy.
• September: LIV filed for bankruptcy protection after the PIF, which had put more than $5 billion into the circuit since its 2022 launch, said it would end financial backing after the 2026 season.
• Wednesday: the FT reported that BC Partners had dropped a separate plan to relaunch LIV after failing to secure enough player commitments. Under that plan BC had lined up as much as $300 million to stage tournaments in 2027, and the FT said it fell apart when a number of prominent players declined to commit and made demands BC was unwilling to meet.
• Thursday: LIV said it would wind down and liquidate after losing key players and the funding needed to continue.

What the new move would change

A debtor-in-possession loan is money lent to a company already in bankruptcy, and it usually sits ahead of other creditors. Whoever holds it has leverage over what happens to the estate. The FT's account, as relayed by Reuters, is that BC wants that leverage so it can still build a successor to LIV rather than start from scratch.

BC has told counterparties it still believes a global, team-based golf group can succeed and is willing to commit more money and time to launching a LIV successor, the FT said.

What we do not know

Neither report says what price BC would pay for the loan, whether the PIF is willing to sell it, or whether the players who walked away from the earlier plan would return. Those are the three facts that decide whether this goes anywhere. The $300 million figure belongs to the abandoned plan, not to this one.

For sponsors, broadcasters and players with LIV contracts, the open question is whether any 2027 schedule exists. For now the only confirmed position, per Reuters, is that LIV said on Thursday it would liquidate.

Sources: Reuters report on the Financial Times story, via Investing.com, November 8, 2026. We have not independently verified the FT's reporting. This is market information, not investment advice.