​LIV Golf is still trying to emerge from bankruptcy proceedings, but its new leadership is projecting confidence.LIV Golf filed for bankruptcy protection in September after months of speculation about its future, though league officials have insisted the move is intended to facilitate a restructuring and launch a player-owned version of the tour for the 2027 season. The league’s new primary investor, BC Partners, announced on Monday, Oct. 5, it had made an initial investment as part of $300 million in targeted funding to help launch LIV Golf 2.0.None of LIV Golf’s top stars, most notably Jon Rahm and Bryson DeChambeau, have publicly committed to staying on with the league for the 2027 season as of Oct. 6.”A war happened and the funding dried up and we had to get creative,” LIV Golf CEO Scott O’Neil said on Tuesday, Oct. 6 during Sportico’s Invest London event in England. “We had to find discipline and come together as a team and rewrite the business plan, moving from a Saudi-type business plan to, I like to say, a business business plan.”Here’s the latest update on LIV Golf’s bankruptcy proceedings and the future of the golf league:OPINION: LIV’s free agents will realize how little freedom and agency they really haveLIV Golf’s next step: Convince the playersLIV Golf is still in bankruptcy proceedings, despite the recent announcement from BC Partners. The private equity company did not disclose how much of the possible $300 million it has invested to this point. This new funding is still subject to approval by the bankruptcy court.LIV Golf said the next step in its restructuring revolves around convincing players to commit to becoming equity owners in the new version of the league. New court filings show BC Partners has requested the deadline for players to commit to LIV Golf 2.0 be pushed from Oct. 13 to Oct. 25. Golfer Sergio Garcia has also been granted permission to terminate his LIV Golf contract if he chooses after his lawyers sought more explicit language from the court in regards to contracts in a filing last week.Under Chapter 11 bankruptcy rules, LIV Golf’s reorganization plan must be approved by at least two-thirds of the creditors and more than 50% of the total claims for the restructuring to move forward.BC Partners co-founder and head of credit Ted Goldthorpe said on Tuesday there is “a path in very short order” in which individual teams in LIV Golf 2.0 could have a valuation of more than $100 million.”Our goal is to facilitate LIV Golf’s emergence from the restructuring process on sound financial footing and with renewed momentum heading into the 2027 season,” Goldthorpe said in a statement. “Just as importantly, we want the players who make this league what it is to share in what they help build. Giving players real and actionable ownership in the League and the teams is a unique opportunity in professional golf, and it aligns everyone around the long-term success of the product for the game and for the fans.”Goldthorpe noted LI