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LIV Golf Faces Asset Liquidation After BC Partners Abandons $300 Million Rescue Plan
LIV Golf faces asset liquidation after BC Partners abandoned its $300 million rescue plan. According to the Associated Press, investment firm BC Partners Credit has dropped its up to $300 million funding for LIV Golf's restructuring plan after failing to secure sufficient player commitments. The league is scheduled to appear in a U.S. bankruptcy court on Thursday, with the hearing expected to focus on asset liquidation. This follows LIV Golf's filing for Chapter 11 bankruptcy protection in September.
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