LIV Golf on the brink of collapse as funding pulled following bankruptcy filing

LIV Golf 2.0 is on the brink of collapsing after BC Partners pulled the plug on their investment in the project.

Once Saudi Arabia's Public Investment Fund (PIF) pulled their financial backing in April, LIV Golf's future began to hang in the balance, four years after the league was set up as a rival to the PGA Tour.

LIV then filed for Chapter 11 bankruptcy in September in a bid to "preserve the company's business" and allow the league to continue under a brand new model. However, after securing a possible $300million in financing from BC Partners Credit ahead of the 2027 season, they've been dealt a bitter blow.

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BC Partners pull out of LIV Golf 2.0 backing

According to the Financial Times, BC Partners is dropping its bid to relaunch LIV Golf. The report claims that the decision came as BC faced a pending deadline to show that it had lined up enough player support to hold a tournament series in 2027.

As many as 15 players had reportedly shown an interest in LIV 2.0 after BC claimed they were willing to plough $300million to keep the league alive, but it appears few players were willing to ultimately make contractual commitments that prevented them from playing in rival leagues.

At the time of writing, 14 players have confirmed their departures from the league. Sergio Garcia, Jon Rahm and Brooks Koepka are three of the most high-profile exits, and without world-class professionals showing their willingness to stick by the sinking ship, the league cannot operate.

Every player who has departed LIV

• Sergio Garcia
• Jon Rahm
• Brooks Koepka
• Patrick Reed
• Tyrrell Hatton
• Ian Poulter
• Louis Oosthuizen
• David Puig
• Graeme McDowell
• Abraham Ancer
• Charles Howell lll
• Branden Grace
• Lucas Herbert
• Tom McKibbin

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Bryson DeChambeau is the highest-profile player sticking with LIV Golf

When many of the sport's top players are jumping ship, Bryson DeChambeau has shown rarely seen loyalty to a league he hopes can "exist forever".

DeChambeau was one of the first golfers to join the league in 2022 and has constantly declared his love for the competition, as it once gave him financial security, creative freedom for his media projects, and a team-first format that revitalised his passion for the game.

Reflecting on his time with the tour, DeChambeau spoke in a wide-ranging interview on the Figuring Out with Raj Shamani podcast about the league's recent financial issues.

"The team golf stuff I was very excited about," the 33-year-old said to Shamani. "I really cared and I still do care about the team golf stuff.

"The top co. [company] wasn't really managing that effectively. I know that now. I didn't know that during the time.

"The business model makes a lot of sense," he continued. "We're actually working through that right now for this new model.

"It will make full financial sense. No funny business, no nothing.

"It's going to be done right, and this is going to be a league that exists hopefully forever."

DeChambeau's optimism must be admired, but BC Partners pulling their backing of the league only creates the scenario of it ceasing to exist, and that will leave the American assessing where his future lies.