LIV Golf Cancels New Orleans Event as Financial Problems Intensify
Summary
LIV Golf has postponed its planned June 2026 event in New Orleans due to financial difficulties. The Saudi-backed golf league is struggling to maintain its funding, putting its future events and commitments in doubt.Key Facts
- LIV Golf is a new golf league started in 2022 and backed by Saudi Arabia’s Public Investment Fund.
- It offers different rules from traditional golf, such as 54-hole tournaments with no cuts, smaller player fields, and team competition elements.
- The New Orleans event was scheduled for June 25-28, 2026, and would have been LIV Golf’s first event in Louisiana.
- Louisiana state officials had committed about $5 million in public funding and $2.2 million for infrastructure upgrades for this event.
- The event is postponed until LIV Golf can improve its finances and find more funding sources.
- LIV Golf faces a possible loss of major funding by 2026, threatening its planned global schedule.
- The league caused conflict with the PGA Tour but had talks about a merger that remain unresolved.
- The postponement raises doubts about whether LIV Golf can fulfill its future plans and obligations.
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