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Archive photo · 9 May 2026LIV Golf Set To Wind Down After BC Partners Withdraws Support Over LIV 2.0
3 Western Mainstream2 OtherPhoto: The White House / US federal government, Public domain · Cropped for layout
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BC Partners withdrew its $300 million funding for LIV 2.0. PIF withdrawal earlier left LIV pursuing wind-down and potential bankruptcy.
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LIV 2.0 winds down
LIV Golf is set to be wound down after its investor withdrew support because the proposed new league failed to attract enough players. BBC Sport said BC Partners Credit would provide a possible $300m (£223m) in financing after Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April, but BC Partners decided it was not viable to pursue a deal. LIV had hoped the funding could help the competition move forward in a new form, dubbed LIV 2.0, and the league faced a deadline to show it had enough player support to continue in 2027.
An attorney acting for LIV was expected to announce in a court hearing on Thursday that the proposal for LIV 2.0 is not viable. The BBC traced the saga to LIV's launch in 2021 and said an event in August in Indianapolis proved to be the last before the 2026 season ended early.
Deadlines and player exits
BC Partners dropped its $300 million plan for LIV 2.0, and LIV had not announced it was shutting down even as the rescue deal unraveled. BC set a 25 October deadline for a “requisite number of players” to commit, while the Saudi Public Investment Fund (PIF) set 30 October to decide whether LIV would carry on or wind down. LIV faced a deadline last Friday from the Saudi PIF to sign the requisite amount of players needed to trigger BC Partners’ $300M investment, but LIV failed to sign enough players to continue with LIV 2.0.
A source said, “None of the big names signed,” and Sergio Garcia and Graeme McDowell left the league over the past week. A scheduled hearing in New Jersey bankruptcy court Thursday was expected to start the liquidation process, after BC Partners made its decision to pull its bid before undecided players could commit.
DP World Tour fallout
The DP World Tour increased pressure on players by announcing that those who signed up to LIV Golf next season would not be allowed to be members of the European tour in 2027. BBC Sport said that rule would have spelled an end to any players with ambitions of featuring in the Ryder Cup because only DP World Tour members can play for Europe in the biennial team competition. Rory McIlroy hit out at LIV for promising to “destroy the DP World Tour” at this year’s Masters before changing his tune when it became clear the Saudis were stopping their funding of the breakaway league.
DP World Tour chief executive Guy Kinnings said, “We have to protect the Tour against an entity who spent, so we are told, over $7bn (£5.2m), with one of their aims being to ‘destroy the DP World Tour’.” Lee Westwood told reporters that “there hasn't been anything presented to me that is agreeable for LIV 2.0,” while DeChambeau said he hopes the league “exists forever” as the timeline for LIV 2.0 closed.