BC Partners has revived efforts to create a successor to LIV Golf by seeking to acquire the US$50 million debtor-in-possession loan from Saudi Arabia’s Public Investment Fund, potentially giving it control of the circuit’s Chapter 11 bankruptcy process. The move follows LIV’s Nov. 5 announcement that it would wind down operations and enter liquidation after a proposed financing deal collapsed and the PIF said it would cut funding. The Financial Times reported that BC Partners remains willing to invest additional money and time in a global, team-based golf group, despite previously abandoning a relaunch plan. Prominent players including Jon Rahm, Brooks Koepka and Patrick Reed have signalled departures, while Koepka was reinstated by the PGA Tour under its Returning Member Program. Bryson DeChambeau, who left the PGA Tour for LIV four years ago, defended team golf in a Nov. 8 statement and said he would approach his next career phase with humility and respect.