Amid LIV Golf's uncertain future, the league gained some positive momentum this week when CEO Scott O'Neil announced a new lead investor had been secured as the Saudi PIF's funding ends this month.
LIV now appears to have a lifeline to continue operating in 2027, but many crucial questions remain about the league's next steps—for not only next year but also the conclusion of this season.
The identity of LIV's new financial backer is not yet being revealed, with O'Neil only saying there is an agreement in place that's expected to be finalized next month. LIV's search for new investors this summer included conversations with private equity firms, high-net-worth individuals, professional sports team owners, and family offices, among others.
Global private equity and credit firm BC Partners is reportedly exploring a deal with LIV. The firm's credit arm is "leading a group of investors looking at lending money to LIV," according to Bloomberg, which reported that LIV's "talks with BC Partners and others are advancing, but nothing has yet been finalized and details could still change."
A private credit deal would mean that a firm would likely expect to be repaid, as opposed to a focus on the upside from the investment in a private equity deal.
#deal #o 'neil #partners #finalized
LIV now appears to have a lifeline to continue operating in 2027, but many crucial questions remain about the league's next steps—for not only next year but also the conclusion of this season.
The identity of LIV's new financial backer is not yet being revealed, with O'Neil only saying there is an agreement in place that's expected to be finalized next month. LIV's search for new investors this summer included conversations with private equity firms, high-net-worth individuals, professional sports team owners, and family offices, among others.
Global private equity and credit firm BC Partners is reportedly exploring a deal with LIV. The firm's credit arm is "leading a group of investors looking at lending money to LIV," according to Bloomberg, which reported that LIV's "talks with BC Partners and others are advancing, but nothing has yet been finalized and details could still change."
A private credit deal would mean that a firm would likely expect to be repaid, as opposed to a focus on the upside from the investment in a private equity deal.
#deal #o 'neil #partners #finalized
3 days ago
