LIV Golf is singing the blues.
A planned tournament in New Orleans is expected to be postponed amid financial turmoil following reports earlier this month that Saudi Arabia’s Public Investment Fund is pulling its monetary commitments, WDSU first reported Monday.
Advertisement
LIV Golf Louisiana was scheduled for late June at Bayou Oaks at City Park, but the event faces postponement until the rebel league restructures its finances and secures additional funding.
LIV Golf tee box signage is seen during day four of LIV Golf Mexico City. Getty Images
A formal announcement is expected Tuesday, with The Athletic reporting the league and the state of Louisiana hope to plan a “re-envisioned” version of the event for the fall.
City Park, a state entity, had received $2 million in state money to improve the course for the LIV Golf event and another $3 million was reported to be used as a hosting fee in order to get the golf league to come to The Big Easy.
The state will be repaid the $1 million it sent to LIV Golf before the event, and no additional money will go toward the scrubbed event, WDSU reported.
Advertisement
The decision to postpone the event in Louisiana came after Secretary of Louisiana Economic Development Susan Bourgeois spoke with LIV Golf CEO Scott O’Neil on Friday.
General view of the first tee during day three of LIV Golf Mexico City at Club de Golf Chapultepec on April 18, 2026. Getty Images
LIV Golf’s next tournament is slated to start May 7 in Washington, D.C., at Trump National Golf Club.
The league is also scheduled to visit the metropolitan area in early August for LIV Golf New York at Trump National Golf Club Bedminster.
It’s another tough break for LIV Golf, with the PIF reportedly planning to pull its financial support after this season.
It has forced LIV to explore other financing options next year, with The Athletic reporting that the plan includes selling equity in its 13 teams.
Read the full article here
