LIV 2.0. appears to be dead.
The Financial Times’ Sujeet Indap reports BC Partners Credit has ended its bid to relaunch LIV Golf after its bankruptcy filing in September.
Sources tell Indap that the private capital firm faced a deadline to demonstrate enough player support to operate the tour in 2027. The group was prepared to inject as much as $300 million into the new venture. The interest wasn’t there.
Not enough golfers were willing to commit with the uncertainty surrounded LIV 2.0 and a severing of the arrangement that would allow LIV players to play on the DP World Tour. FP had previously reported BC Partners received only 15 commitments.
Abandoning the relaunch means that the tour will now seek liquidation for its remaining assets.
Originally backed by Saudi Arabia’s Public Investment Fund (PIF) since its 2022 launch, LIV lost its funding past the 2026 season this past spring. The PIF said that supporting the group was “no longer consistent with the current phase of PIF’s investment strategy.” LIV wrapped up its 2026 season in August and has since seen a number of high-profile departures including those of Masters champions Jon Rahm and Sergio Garcia after the tour’s roster was effectively made free agents.
Late last month, a number of former LIV players, led by Dustin Johnson, attempted to begin negotiations with the PIF over severance payouts with the golfers seeking over $100 million in restitution.
Indap notes a court hearing that will shed more light on the situation is scheduled for Thursday.