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- 1LIV Golf secures credit funding from BC Partners for restructuring▼LIV Golf secures funding from BC Partners Credit to support restructuring
LIV Golf has obtained new financing from BC Partners Credit to support a restructuring of the Saudi-backed golf circuit. The funding will help the league reorganise its finances as it continues trying to establish itself against the PGA Tour. Reuters reported the deal, which marks a notable step in the competition's efforts to stabilise its business operations.
- 2LIV Golf Secures $300 Million Restructuring Deal With BC Partners▼LIV Golf, BC Partners Strike $300M Restructuring Deal
LIV Golf has reached a $300 million restructuring agreement with private equity firm BC Partners, according to legal news outlet Law360. The deal reshapes the financing behind the Saudi-backed golf circuit as it continues competing with the PGA Tour for players and audiences. Details on terms and what the restructuring means for the league's operations have not been widely reported yet.
- 3Sergio Garcia officially exits LIV Golf amid new funding deal●Sergio Garcia receives official exit from LIV as golf tour lands increased funding https://www. nytimes.com/athletic/766
Sergio Garcia has received official confirmation of his departure from LIV Golf, the Saudi-backed circuit he joined in 2022. The exit comes as LIV's new investor, BC Partners Credit, announced a restructuring agreement on Monday night with increased funding for the tour. The move marks a notable shift for one of the league's highest-profile signees and raises questions about LIV's direction under new ownership.