A post by @FirstSquawk on X.
PRIVATE EQUITY FIRM BC PARTNERS SEEKS TO TAKE CONTROL OF LIV GOLF FROM SAUDI WEALTH FUND - FT
@FirstSquawk on X
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BC Partners is seeking to take control of LIV Golf from Saudi Arabia’s Public Investment Fund, according to the Financial Times. The private equity firm’s move would shift ownership of the breakaway golf tour away from the sovereign wealth fund that has bankrolled it. The reported approach signals potential new private-capital involvement in LIV Golf and a possible recalibration of the PIF’s role in the venture. Details on valuation, deal structure and the size of any stake were not disclosed in the initial report. What to watch next: whether PIF agrees to cede control and how any transaction affects LIV Golf’s commercial agreements and ongoing negotiations with rival tours.
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Named in this story
BC Partners, LIV Golf, Saudi Wealth Fund, Financial Times