LIV Golf on brink of collapse as investor pulls plug on revival plans

The Saudi-funded circuit had been seeking up to $300 million in funding from BC Partners Credit after Saudi Arabia's Public Investment Fund (PIF) withdrew its backing in April, forcing the league to file for bankruptcy protection in September.

The proposed investment would have helped LIV continue in a new format, known as LIV 2.0. 

However, BC Partners Credit has reportedly decided that the project was not financially viable, leaving the league's future in serious doubt.

Despite the departure of leading players such as Jon Rahm and Sergio Garcia, those working on LIV 2.0 had made progress in securing support. 

According to BBC Sport, the group had commitments from co-investors and around 30 players who had signed up, including several major winners.

However, sources say the time available to finalise the agreements proved too short, leaving the project unable to move forward. LIV had been working against a deadline to show it had enough player support to continue in 2027.

The latest setback is expected to be confirmed at a court hearing on Thursday, where an attorney representing LIV is expected to announce that the LIV 2.0 proposal is no longer viable, effectively signalling the end of the breakaway league.

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