BC Partnership has pulled out of a $300 million investment deal with LIV Golf, leaving the Saudi-backed golf league on a path toward liquidation, according to a report from ClutchPoints on Thursday.
The withdrawal of the significant funding injection raises serious questions about the financial viability of LIV Golf, which has been operating since its launch in 2022. The league, backed by Saudi Arabia's Public Investment Fund, has yet to turn a profit and has relied on substantial external investment.
No immediate comment was available from LIV Golf or BC Partnership regarding the collapsed deal. The development comes amid ongoing negotiations between LIV Golf and the PGA Tour over a potential framework agreement for the future of professional golf.
