LIV Golf seeks private‑equity lifeline to secure its future post-PIF

LIV Golf has signed a term sheet with BC Partners’ credit division to anchor a “LIV 2.0” investment as the Public Investment Fund winds down financing, with a definitive agreement possible next month to cover the tour through 2030. The deal aims to reassure star players—who are owed potentially hundreds of millions under existing contracts—that they will stay with a restructured, equity-backed league, potentially settling legacy liabilities at a discount via a pre-packaged bankruptcy to clear the path for new investors. Negotiations involve multiple parties and aim to have players collectively own a majority of the tour while ensuring they do not pursue further payouts from the PIF.