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November 5, 2026

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LIV Golf, the PGA Tour rival once bankrolled by the Saudi PIF, is on life support. The league, which filed for Chapter 11 in September after losing PIF funding, planned to emerge from bankruptcy with $300 million in financing from BC Partners Credit. Under the deal, players would hold most of the equity, and BC would own almost half of the league. But that deal is now dead, a source tells Front Office Sports.

—David Rumsey

First Up

Voters in Plano, Texas, rejected a ballot proposition that would have created taxes to partially fund a new arena for the Dallas Stars.
With Lamar Jackson and backup QB Tyler Huntley facing extended absences, the 4–4 Ravens face the possibility of a lost season—and moving on from Jackson.
After firing head coach Mike Norvell, Florida State is putting together a financial plan to acquire a stronger roster for next season.
Voters in multiple states said yes Tuesday to ballot measures that would ban transgender athletes from participating in women’s and girls sports.

LIV Golf’s $300M BC Partners Credit Deal Is Off

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LIV Golf’s $300 million deal with BC Partners Credit to emerge from Chapter 11 bankruptcy is off.

“This version is not going to be signed,” a source with knowledge of BC’s operations told Front Office Sports.

BC Partners was set to provide $300 million of financing for LIV as part of the restructuring support agreement (RSA) outlined in bankruptcy filings. Players would have been the majority equity holders in “LIV 2.0,” but BC would have owned nearly half of the new league.

There was an Oct. 25 deadline from BC for a “requisite number of players” to commit to LIV 2.0, and a separate Oct. 30 deadline from the Saudi PIF, the largest creditor in LIV’s bankruptcy, for a decision on whether LIV would move forward or wind down operations. Both dates passed without announcements from any of the parties involved.

The Financial Times first reported BC was “dropping its bid to relaunch LIV,” leaving the league “to seek a liquidation of its remaining assets.”

LIV has its next bankruptcy hearing on Thursday at 11:30 a.m. ET, when lawyers had been expected to update Judge Michael Kaplan on next steps regarding a relaunch or shutdown of the league. It’s still unclear whether LIV will wind down operations completely. BC is “not out completely,” the source told FOS, “just not under this version.” However, it is “too early to say” what BC would need to see from LIV to reengage, the source said.

LIV CEO Scott O’Neil called BC Partners Credit CEO Ted Goldthorpe a “white knight” last month, as the league transitioned away from its Saudi funding.

Bryson DeChambeau was the most notable player publicly supporting LIV 2.0, although it’s not known whether he officially signed on for the league’s next iteration. A source with knowledge of LIV’s operations claimed to FOS that a “critical mass of players had been achieved last week.”

Jon Rahm reached a settlement to exit LIV, and this week said returning to the league “wasn’t really ever much of a consideration.” Tyrrell Hatton, Tom McKibbin, Ian Poulter, David Puig, Adrian Meronk, Sergio Garcia, Louis Oosthuizen, and Graeme McDowell were among the other notable players to also announce they would not return to LIV.

LIV Golf could not be reached for comment.

Breaking Down an NIL Deal

NIL has created new opportunities for college athletes, but navigating this evolving landscape involves more than signing a brand deal. From understanding taxes and budgeting to planning for the future, financial education is becoming an increasingly important part of the conversation.

In this episode of FOS Explains, presented by New York Life Investment Management, we explore how NIL deals come together and the role financial planning can play in helping athletes and their families navigate these new sources of income. Theresa Gralinski, head of the Advisor Advancement Institute at New York Life Investment Management, shares why building sound financial habits early can make a difference long after an athlete’s playing career ends.

Watch the full video, and then check out this NIL Toolkit to learn more.*

ONE BIG FIG

The Buck Kristaps Here

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$218,341

That’s how much Kristaps Porziņģis is reportedly losing each game he sits out for the Warriors. Porziņģis signed a two-year, $40 million contract extension with Golden State in the offseason and is due $20 million this season. But the oft-absent center left the team before training camp with a medical issue and hasn’t returned. The Warriors changed his status from “general illness” to “not with team,” meaning his absence isn’t excused. Under the league’s collective bargaining agreement, players are contracted for 91.6 games—82 during the regular season and up to 9.6 during preseason. They can therefore be fined 1/91.6th of their annual salary for every game they are away from the team.

DAILY SPORTS TRIVIA

Can you list the last five unique Formula One world drivers’ champions in reverse chronological order?

LOUD AND CLEAR

Not a Dream Job

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“It’s not a job that gives you love back.”

—Atlanta Dream co-owner and former WNBA All-Star Renee Montgomery discussing the open league commissioner role. Commissioner Cathy Engelbert announced her retirement after seven years in the top job—during which the league expanded to 15 teams, viewership and attendance grew, and salaries soared. During that same stretch, Engelbert was taken to task by players and fans for insufficiently navigating culture wars.

Montgomery told Front Office Sports that WNBA commissioner is a thankless job: “Somebody is always going to be mad.” Nonetheless, she has friends up for the post and says she’s cautioned them: “‘Are you sure you wanna enter that? Because it’s no joke.’”

Built to Grow With Microsoft

For Microsoft, sports data is table stakes. The right teammate is the real advantage.

“We were really looking for a very strong data provider that could grow with us, not just in the near term, but for the long term,” says Geraldine Russell, head of AI data partnerships at Microsoft.

Sportradar fit the bill. Its data already powers scores, summaries, and insights across Windows, MSN, Bing, and Copilot.

That was the foundation. Now the two are setting their sights on co-innovation in AI, exploring new ways to bring sports to more fans around the world.

Learn how Sportradar and Microsoft are building what’s next in sports, together. Watch Sportradar’s newest partnership story with Microsoft.

YOUR MORNING LISTEN

Team owners’ $100 million midterm miss, LIV’s $300M rescue collapses, Peyton tops MNF list, and more

Listen Now >

Editors’ Picks

Sports Owners Got Very Little for Their Money in Midterm Elections

By Margaret Fleming and Eli Kronenberg

Democrats will hold at least 54 Senate seats.

FanDuel’s U.S. Revenue Is Bright Spot As Overall Earnings Miss

By Ben Horney

Flutter Entertainment cut its full-year revenue guidance by $300 million.

College Football TV Ratings Remain Down 11% Through October

By David Rumsey

Four games total have drawn an audience of 10 million or higher.

Question of the Day

Do you think it’s better for golf if the PGA Tour has a rival league?

YES

Wednesday’s result: 28% of respondents watched Game 7 of the WNBA Finals.

DISCLAIMER

*This material has been developed to meet the needs of financial intermediaries.

Results from collaboration strategies will vary by advisor and client and are not guaranteed. Success depends on engagement, specialist availability, and consistent execution.

The Advisor Advancement Institute is a program within New York Life Investment Management. The views expressed are those of New York Life Investment Management LLC or, where identified, an independent third-party content creator, as of the date presented, and are subject to change without notice. “New York Life Investment Management” is the brand name and service mark used to represent a group of affiliated investment advisors of New York Life Insurance Company, including New York Life Investment Management LLC, a registered investment advisor.

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