BC Partners drops LIV Golf rescue plan, leaving league facing liquidation
BC Partners has reportedly pulled out of funding LIV Golf's next phase, and CNBC says the league now faces liquidation.
BC Partners has dropped a plan to fund LIV Golf, and the league now faces liquidation, CNBC reports. CNBC says the proposed rescue plan was worth $300 million.
Both outlets say player commitments were the problem. CNBC says the commitments were insufficient. Fox News reports that Jon Rahm and other top players called the terms unacceptable. Fox News says BC Partners backed out of funding "LIV 2.0" as a result.
Fox News framed its account as a report and described the league as facing collapse. The reports give no comment from LIV Golf, BC Partners or the players.
Reported by
- Fox NewsLIV Golf's new funding partner pulls out over lack of player commitment in huge blow to league: reportWed, Nov 4, 5:01 PM EST
- CNBCLIV Golf faces liquidation after BC Partners scraps rescue planWed, Nov 4, 10:11 PM EST
This story was written by AI using only the reports listed above, and published without a person reviewing it first. It is rewritten as new reports arrive. Read the original reporting for full detail. Spot an error? Tell us.