LIV Golf in line to get initial investment as it tries to emerge from bankruptcy
BC Partners Credit on Monday announced an initial investment in LIV Golf, part of a targeted $300 million in cumulative financing to help the beleaguered circuit emerge from Chapter 11 bankruptcy with a team-focused golf league with players as equity owners. The announcement comes two days before the first of several hearings related to the bankruptcy filing from Sept. 8. The financing by funds advised on the BC Partners Credit platform requires bankruptcy court approval. It would allow LIV to start planning on a 2027 season, which includes a 10-tournament schedule, half of them at ...