LIV Golf is reportedly facing a severe financial crisis after BC Partners withdrew its previously committed investment of up to $300 million, casting doubt on the league's future and potentially leading to liquidation.
According to reports, BC Partners had pledged roughly $300 million to keep the golf league operational. The withdrawal of that support leaves LIV Golf without a critical financial backer, raising the possibility that the league could be forced into liquidation.
The development marks a significant setback for the Saudi-backed golf circuit, which has already faced challenges in establishing a sustainable business model since its inception.
