Report: LIV's financial backer dropping plan for new league in 2027

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LIV Golf's main investor to help it emerge from bankruptcy is scrapping plans for a new version because it lacked enough player support, according to a new report.

LIV Golf's main investor to help it emerge from Chapter 11 bankruptcy is scrapping plans for a new version because it lacked enough player support, The Financial Times reported Wednesday.

BC Partners Credit had pledged as much as $300 million for what was called “LIV 2.0,” which was planning at least 10 tournaments, an emphasis on teams and equity for players. LIV CEO Scott O'Neil had called the equity a “second bite of the apple.”

But that required enough players to sign up for...

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