LIV Golf's long-term viability has been cast into doubt after reports indicate that private equity firm BC Partners is set to back out of a planned investment deal, according to a USA TODAY report by Mark Giannotto.
The Saudi-backed golf league, which has disrupted the professional golf landscape since its 2022 launch, has been seeking additional capital to sustain its operations and expand its schedule. BC Partners had been in advanced talks to acquire a significant stake in the circuit, but the firm is now reportedly withdrawing from the agreement.
Neither LIV Golf nor BC Partners has issued an official statement confirming the development. The league, funded primarily by Saudi Arabia's Public Investment Fund, has yet to turn a profit and relies on continued investment to fund its lucrative player contracts and tournament purses.
