LIV Golf: Competition secures potential $300m investment to emerge from restructuring

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

LIV Golf has secured a possible $300m in financing from BC Partners Credit in order to try to move forward with the 2027 season.

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

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

League insiders see the committed investment as a "significant" step forward in the court-supervised restructuring process.

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The credit firm, which provides financing to middle-market companies, said the funding would support the next phase of LIV Golf, under which players would become equity owners of both the league and its teams.

"This investment is an important step forward for LIV Golf," said LIV Golf CEO Scott O'Neil in a statement.

Since LIV's controversial launch in 2021, more than $5bn (£3.7bn) has been spent by Saudi Arabia's Public Investment Fund (PIF), with major winners including Jon Rahm and Bryson DeChambeau lured by lucrative contracts and vast prize money.

Documents in the petition outline money owed to LIV Golf's creditors with the 30 largest unsecured claims.

DeChambeau ($5.7m - £4.2m), Dustin Johnson ($5.5m - £4.1m), Cameron Smith ($4.8m - £3.5m) and Tyrrell Hatton ($3.4m - £2.5m) are also among the top 30 creditors, as well as Brooks Koepka, who left to rejoin the PGA Tour in January but has an unsecured claim of $1.7m (£1.25m).

A source familiar with the figures told BBC Sport the creditors list outlines the "amount owed and not paid for Q3" of 2026, not the full amounts.