LIV Golf has been dealt a major blow in the attempt to relaunch LIV Golf 2.0 in 2027, with BC Partners reportedly withdrawing its $300 million investment. Per ESPN, after failing to secure sufficient commitments from a range of star players, the private capital firm is pulling the investment that was needed to protect LIV Golf from bankruptcy.

The withdrawal comes after Saudi Arabia's Public Investment Fund, which invested more than $5 billion in LIV since its 2022 launch, announced it would end its financial backing after the 2026 season. LIV had already filed for Chapter 11 bankruptcy protection in New Jersey on September 8, 2026.

The league now faces the possibility of winding down operations and liquidating its remaining assets, although its ultimate fate is expected to become clearer through bankruptcy proceedings. The central problem behind the failed rescue effort was the inability to secure commitments from enough high-profile players for the proposed 2027 circuit.

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Bryson DeChambeau and Dustin Johnson, two of LIV's biggest remaining names, reportedly failed to commit contractually, alongside Cameron Smith and Joaquin Niemann. Only a handful of golfers had publicly committed to LIV Golf 2.0, including Richard Bland, Cameron Tringale, Brendan Steele and Ben Campbell. The league has also lost several prominent players, with Jon Rahm, Tyrrell Hatton and Sergio Garcia among those departing, while Brooks Koepka, Patrick Reed and Eugenio Chacarra had left earlier.

Bankruptcy documents reportedly estimate LIV's liabilities at between $500 million and $1 billion across at least 1,000 creditors, including players, while Rahm, DeChambeau and Johnson each hold unsecured claims exceeding $5 million in immediately past-due payments. LIV originally attracted major names such as Phil Mickelson, DeChambeau, Koepka and Johnson with lucrative contracts, but the departure of its Saudi financial backer and the failure to secure a replacement investor have exposed the league's dependence on continued funding and player participation.