LIV Golf secures potential $300m investment

LIV Golf secures a possible $300m in financing from BC Partners Credit in order to emerge from restructuring before the 2027 season.

LIV Golf was founded in 2021, with its first season taking place the following year

The league filed for Chapter 11 bankruptcy protection in the United States in September after Saudi Arabia withdrew its multibillion-dollar funding, starting a court-supervised "restructuring process" that they hope to complete in early 2027.

It is unclear how much of the $300m LIV requires to start next year's schedule and which players will start the season.

The competition's participants are owed at least $45m (£33m) and have the option to leave.

However the agreement secures an extension for the league to discuss terms with its players, with talks now open until 25 October.

BBC Sport understands there is no obligation on players to sign on to LIV 2.0, regardless of whether they had previously signed multi-year contracts with LIV Golf.

Source: BBC Sport