LIV Golf nears bankruptcy filing, seeks BC Partners rescue funding

LIV Golf, the Saudi-backed challenger golf league, is preparing to file for bankruptcy in September while negotiating a funding package with private equity firm BC Partners to restructure into a slimmed-down circuit. The move signals financial distress for the venture, which has struggled to gain traction despite heavy investment. The outcome could affect the broader golf media and sponsorship landscape, but market impact is limited.