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LIV Golf Secures $300 Million Restructuring Deal With BC Partners
Original: 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.
Why now: The deal signals a significant financial development for the high-profile Saudi-backed golf league amid its ongoing rivalry with the PGA Tour.
Evidence
- LIV Golf, BC Partners Strike $300M Restructuring Deal · Law360
- LIV Golf, BC Partners Strike $300M Restructuring Deal · Law360
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