LIV Golf's new funding partner pulls out over lack of player commitment in huge blow to league: report
LIV Golf faces collapse as BC Partners reportedly backed out of funding LIV 2.0 after Jon Rahm and other top players called the terms unacceptable.
TL;DR
- BC Partners has reportedly backed out of funding LIV Golf's "LIV 2.0" due to a lack of player interest.
- The Public Investment Fund (PIF) halted funding in April, redirecting money toward domestic projects.
- LIV Golf filed for Chapter 11 bankruptcy in September and owes millions to players.
- Key players, including Jon Rahm, have rejected the terms of "LIV 2.0" and will not participate.
- The league is now expected to begin a liquidation process.
- LIV Golf has laid off staff, left contractors unpaid, and faces a lawsuit from the Premier Golf League.
- Several top golfers have left LIV, with some rejoining the PGA Tour or returning to the DP World Tour.
- Europe-based golfers are leaving LIV to remain eligible for the Ryder Cup.