LIV Golf rescue plan collapses as investment firm pulls out

LIV Golf suffered a major setback after BC Partners dropped its rescue investment plan.

Investment firm BC Partners has abandoned its proposed rescue and relaunch plan for LIV Golf after struggling to secure enough player commitments. The setback leaves the future of the golf circuit uncertain as it seeks alternative financial backing. The Financial Times first reported the collapsed negotiations on Wednesday.

• The causeThe investment firm could not secure enough commitments from players to move forward with the relaunch.
• The backgroundBC Partners typically provides private equity and financing to middle market companies.