LIV Golf could be liquidated as soon as Thursday's bankruptcy hearing

LIV Golf could be on its last legs after BC Partners reportedly dropped its plan Wednesday to fund the league in 2027.

The upstart golf league, which debuted in 2022 amid much fanfare, big money and defections from the PGA Tour, needed a major financial boost to transition into "LIV 2.0." Now, LIV Golf is due in court Thursday in New Jersey for a bankruptcy hearing with speculation that this could start the league's liquidation.

BC Partners recently had committed to invest about $300 million into LIV, subject to certain conditions. Among those was retaining its top golfers. However, several of the league's stars - including Jon Rahm , Tyrrell Hatton, Sergio Garcia, Louis Oosthuizen, Ian Poulter and Graeme McDowell - recently have pulled out or announced their intentions to leave.

That pretty much leaves Bryson DeChambeau as LIV's only major name.

LIV filed for Chapter 11 bankruptcy protection on Sept. 8, the latest move in a year that started with Saudi Arabia's Public Investment Fund announcing it would no longer provide financial backing, which reportedly was around $5 billion since the beginning of the league.

According to The Athletic , BC Partners no longer believed LIV Golf had enough players to launch a viable league.

There have been no comments from LIV Golf or BC Partners.