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BC Partners reportedly seeks control of LIV Golf from Saudi wealth fund
BC Partners reportedly seeks to buy a $50 million loan after its earlier plan to relaunch LIV collapsed.
TLDR
LIV Golf filed for bankruptcy in September and has announced plans to liquidate. BC Partners reportedly seeks to buy a $50 million bankruptcy loan from Saudi Arabia’s Public Investment Fund to control the Chapter 11 process and pursue a successor league after its earlier rescue plan collapsed. The bid remains preliminary, and it is unclear whether LIV or the fund is receptive.
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