Private equity firm BC Partners is seeking to take control of LIV Golf from Saudi Arabia's Public Investment Fund.

What it means

LIV Golf, the Saudi-funded breakaway golf tour that filed for Chapter 11 in September 2026, is the target of a restructuring bid: private-equity firm BC Partners is seeking to take control of it by buying a $50 million debtor-in-possession (DIP) loan from Saudi Arabia's Public Investment Fund. In bankruptcy, DIP financing gives the lender priority repayment and typically a strong say in operations, so this move would effectively shift the tour from Saudi state ownership to a private investment firm while it reorganizes.

Accuracy & sourcesGrounded

The claim comes from a Financial Times report dated Nov 8, 2026, and is being widely syndicated by Reuters and others; no filing, court document, or official statement from BC Partners or PIF is cited, so it rests on the FT's sourcing rather than a confirmed public record. The specific $50 million DIP loan figure is part of that same report and should be read as reported, not independently verified.

How new

This is a genuinely new development reported on Nov 8, 2026, in the immediate aftermath of LIV's bankruptcy filing and the collapse of its earlier financing deal; no recirculation year is attached.

Past coverage