LIV’s financial backer scrapped plans for new league in 2027
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LIV Golf’s investor, BC Partners Credit, abandoned plans for a ‘LIV 2.0’ league due to insufficient player support. The project initially aimed for at least 10 tournaments and offered equity to players. Scott O’Neil, the LIV CEO, had described the equity as a second opportunity.
LIV Golf’s main investor in its effort to emerge from Chapter 11 bankruptcy is scrapping plans for a new version of the league because it lacked enough player support, the Financial Times reported Wednesday. BC Partners Credit had pledged as much as $300 million for what was called "LIV 2.0," which was planning at least 10 tournaments, an emphasis on teams and equity for players. LIV CEO Scott O'Neil had called the equity a "second bite of the apple." But that required enough players to sign up