BC Partners Seeks LIV Golf Control
BC Partners is reportedly seeking a bankruptcy loan to gain control of LIV Golf after the Saudi wealth fund ended its financial backing. The private equity firm aims to revive the circuit despite previous player departures.
BC Partners is attempting to acquire a $50 million bankruptcy loan from Saudi Arabia's sovereign wealth fund to seize control of the winding-down LIV Golf circuit. The London-based private equity firm is reviving efforts to build a successor league after the breakaway golf circuit announced its liquidation on Thursday. The move aims to salvage a global team-based golf circuit following a $5 billion investment withdrawal and the departure of marquee players.
