LIV Golf is at risk of disbanding, as investors pull out and there is insufficient player support for the league to proceed with holding the 2027 season.

The future of LIV Golf hangs in the balance. The Saudi-backed golf league is at risk of collapse after prospective investor BC Partners Credit abandoned plans to fund the competition's proposed revival via the LIV 2.0 project.

This decision delivers a devastating blow to LIV Golf, which has been scrambling to secure new funding streams following Saudi Arabia's Public Investment Fund (PIF) withdrawal of support in April 2026.

Prior to this, the precarious situation already forced the league to file for bankruptcy protection in September.

BC Partners Credit had been projected to commit up to 300 million US dollars (approximately 223 million British pounds) in financing.

This capital was intended to rebuild LIV Golf under a revised competition format and maintain the league's day-to-day operations.

That revival plan has now fallen apart. BC Partners determined the funding deal was no longer viable, most critically because LIV 2.0 organisers failed to secure formal commitments from a sufficient number of players.

This comes despite LIV 2.0 developers previously claiming they had secured backing from other potential investors and key stakeholders within the golf ecosystem, alongside confirmed commitments from roughly 30 players including multiple major tournament champions.

BBC Sport reports that negotiations ultimately ran out of time. LIV 2.0 organisers were unable to finalise all required agreements to keep the competition alive.

LIV Golf had faced a hard deadline to prove it had secured adequate player commitments for the 2027 competition season. That deadline has now passed with no resolution reached.

LIV Golf's legal representatives are expected to formally advise the court during upcoming hearings that the LIV 2.0 proposal is no longer feasible to proceed with.

Adelaide Tournament Facing Cancellation

The uncertainty surrounding LIV Golf's future is already impacting next season's competition schedule. The league had previously published its full 2027 calendar, including an event in Adelaide, South Australia, scheduled 18-21 March at Kooyonga Golf Club.

That tournament is now highly unlikely to go ahead. South Australian Premier Peter Malinauskas has stated the event will almost certainly not take place as planned.

"From everything we can see right now, this is game, set and match," Malinauskas told ABC Adelaide radio.

He noted that BC Partners Credit's decision to walk away from the LIV 2.0 funding aligned directly with the state government's longstanding assessment of the league's core problem.

"It appears BC Partners have reached exactly the same conclusion we did. If you cannot get the players to commit to turn up, you simply cannot run a professional golf competition," he stated.

Malinauskas confirmed the state government will await further official updates, but added that based on current circumstances, there is no realistic path for the 2027 LIV Golf Event at Kooyonga to proceed.

"We will wait for formal advice on any next steps... but make no mistake, as things stand today, that tournament at Kooyonga next year will not be happening," he said.

Star Player Exodus Worsens LIV Golf Collapse

Since its launch in 2021, LIV Golf has represented one of the most controversial chapters in the history of professional golf.

The breakaway league upended the entire professional golf landscape when it lured dozens of top ranked players away from established tours.

In response, multiple players received suspensions and competition bans from traditional golf circuits. The fallout also impacted eligibility for team events including the Ryder Cup.

Saudi Arabia's PIF had poured more than 5 billion US dollars (approximately 3.7 billion British pounds) into the ambitious venture.

Lucrative guaranteed contracts and record prize money attracted major champions including Jon Rahm and Bryson DeChambeau.

However, LIV Golf's outlook unravelled rapidly after the 2026 season concluded ahead of schedule. The August tournament in Indianapolis became the league's final staged event.

When PIF announced it was ending its funding in April, LIV Golf initially responded by announcing a planned "strategic evolution". This restructure was set to include an independent governing board and an international search for replacement investors.

These restructuring efforts did not halt an exodus of the league's star players. Jon Rahm, Ian Poulter, Tyrrell Hatton and Graeme McDowell are among the high profile golfers who have departed LIV Golf.

Rahm's departure was the single biggest loss for the league. At the time of his exit, reports confirmed the Spanish golfer was still owed approximately 100 million US dollars in outstanding contract payments.

Further pressure arrived from the DP World Tour. Last month, the European golf circuit confirmed that any player remaining signed to LIV Golf for the upcoming season would be barred from DP World Tour membership for 2027.

This policy effectively closes the door on LIV players being selected for the European Ryder Cup team, as only active DP World Tour members are eligible for the biennial team competition.

Uncertain Future For DeChambeau And Westwood

Amid the ongoing collapse, a small number of players remain divided on whether LIV Golf can still be saved.

Lee Westwood, who joined LIV Golf at its launch in 2022, has stated he still believes the restructured league concept had unrealised potential.

"Nothing has been presented to me at this point that I can sign off on for LIV 2.0," Westwood commented.

Bryson DeChambeau has also not confirmed his future plans. The United States golfer has publicly stated he hopes LIV Golf will continue operating.

"I hope this league exists forever," he said.

Separately, former TaylorMade and Adidas executive Mark King was recently appointed as a senior advisor for LIV Golf, as part of the league's now-abandoned restructure efforts.

With no investor backing and no binding player commitments however, there remains no viable path forward for LIV Golf. The failure of LIV 2.0 will mark the end of one of the most ambitious and disruptive projects ever to impact the professional golf industry.