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LIV Golf risks asset liquidation after losing BC Partners backing
Original: LIV Golf could be forced to liquidate assets after losing financial backer BC Partners - The Athletic
LIV Golf could be forced to liquidate assets after losing BC Partners, the private equity firm that had served as one of its key financial backers, according to The Athletic. The development raises fresh questions about the long-term financial stability of the Saudi-backed golf circuit, which has already faced scrutiny over its funding model and ongoing efforts to unify with the PGA Tour.
Why now: Reports that LIV Golf has lost a major financial backer put its financial future in doubt, drawing wide attention in the golf world.
LIV GolfBC PartnersPGA TourThe Athletic
Evidence
- LIV Golf could be forced to liquidate assets after losing financial backer BC Partners - The Athletic · The New York Times
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