Trending Now - LIV Golf Cancels New Orleans Tournament Amid Financial Struggles

WHO:

The New York Times - Secretary of Louisiana Economic Development Susan Bourgeois and LIV Golf CEO Scott O'Neil spoke on Friday regarding the postponement of the June event.

Fox News - LIV Golf, a Saudi-backed tour, and its CEO Scott O'Neil are involved in the cancellation of the New Orleans event.

The New York Times - Susan Bourgeois, Secretary of Louisiana Economic Development, communicated with Scott O'Neil regarding the event.

WHAT:

CNN - LIV Golf called the planned calendar move a “strategic decision” to avoid the peak summer heat and the crowded global sports calendar while ensuring the course is in championship condition.

CNN - LIV Golf is tracking $100 million ahead of 2025 so far this year, with sponsorships and merchandise revenue both up year-over-year and ticket sales up 129% year-over-year.

The New York Times - The postponement of the June 25 event is expected to be officially announced on Tuesday, with plans to potentially re-envision it for the fall.

The New York Times - LIV Golf is in the process of trying to raise funds to support the league after PIF funding potentially ends this year, which includes optimism in selling equity in its 13 LIV Golf teams and seeking other outside investments.

The New York Times - The postponement of the June 25 event is expected to be officially announced on Tuesday, with plans to potentially re-envision it for the fall.

The New York Times - Louisiana was slated to spend approximately $7 million of state money to bring LIV to New Orleans’ Bayou Oaks in City Park, with roughly $2 million toward course improvements and another $5 million for hosting fees.

The New York Times - As of last week, only north of $3 million had been spent on the event, including the $2 million on course improvements.

The New York Times - The postponement of the June 25 event is expected to be officially announced on Tuesday.

The New York Times - LIV Golf does not currently have a schedule after its team championship in August.

The New York Times - The two parties agreed that LIV will return the $1.2 million already received while treating the $2 million spent on Bayou Oaks as an acceptable improvement to a state asset.

Fox News - LIV Golf is seeking new funding sources beyond the 2026 season.

The New York Times - The postponement of the June 25 event is expected to be announced on Tuesday.

The New York Times - As of last week, only north of $3 million had been spent on the event, including the $2 million on course improvements.

Fox News - LIV Golf's New Orleans event is canceled amid financial uncertainty.

Daily Mail Sports - The decision to cancel the New Orleans tournament is described as drastic amid a scramble for funds.

The New York Times - The Louisiana event scheduled for June 25 will be postponed, with plans to potentially re-envision it for the fall.

WHERE:

The New York Times - The event was set to take place at Bayou Oaks in City Park, New Orleans, Louisiana.

WHEN:

The New York Times - The New Orleans event was scheduled for June 25.

The New York Times - LIV Golf Virginia at Trump National Golf Club is scheduled to begin May 7.

WHY:

CNN - The Saudi Arabian government is dealing with the economic fallout from the war between the United States and Iran and the subsequent effects on oil markets, which are lucrative to the Saudi government.

The New York Times - Secretary of Louisiana Economic Development Susan Bourgeois reached out to Scott O'Neil after news broke that Saudi Arabia’s Public Investment Fund was preparing to pull funding from the league.

The New York Times - The postponement is due to LIV Golf's changing business model and the potential withdrawal of funding from Saudi Arabia’s Public Investment Fund.

The New York Times - Scott O'Neil had previously stated that the season would continue "exactly as planned, uninterrupted and at full throttle."

HOW:

CNN - LIV Golf is increasing its revenue through various channels, including sponsorships and merchandise sales.

The New York Times - O’Neil told the in-house broadcast team the league is looking at new ways to change and improve the league, including partnering with national opens.

The New York Times - O’Neil also told the in-house broadcast team the league is looking at new ways to change and improve the league, including partnering with national opens.

The New York Times - O'Neil and company are in the process of trying to raise funds to support the league after PIF funding potentially ends this year, which includes optimism in selling equity in its 13 LIV Golf teams and seeking other outside investments.

The New York Times - LIV Golf is in the process of trying to raise funds to support the league after PIF funding potentially ends this year, which includes selling equity in its 13 LIV Golf teams and seeking other outside investments.

The New York Times - Louisiana was set to spend approximately $7 million to host the event, with $2 million allocated for course improvements and $5 million for hosting fees.

The New York Times - The state has clawback provisions in the deal, and LIV Golf will return $1.2 million already received while treating the $2 million spent on improvements as acceptable.

(UPDATED April 28, 2026 23:16 UTC)

LIV Golf has announced a strategic decision to adjust its calendar to avoid the peak summer heat and the busy global sports schedule, ensuring that the course remains in championship condition. The organization is currently tracking $100 million ahead of 2025, with significant increases in sponsorships, merchandise revenue, and a remarkable 129% rise in ticket sales year-over-year. This financial boost comes as the Saudi Arabian government navigates the economic challenges stemming from the ongoing war between the United States and Iran, which has impacted oil markets crucial to its economy.

(UPDATED April 28, 2026 19:23 UTC)

Secretary of Louisiana Economic Development Susan Bourgeois and LIV Golf CEO Scott O'Neil discussed the postponement of the June 25 event, which is expected to be officially announced on Tuesday. LIV Golf is actively seeking to raise funds to support the league as PIF funding may end this year, with plans to sell equity in its 13 teams and attract outside investments. O'Neil also mentioned that the league is exploring new ways to enhance its offerings, including potential partnerships with national opens.

(UPDATED April 28, 2026 17:29 UTC)

The June 25 event has been postponed, with an official announcement expected on Tuesday and plans to potentially re-envision it for the fall. Louisiana had budgeted around $7 million to host LIV in New Orleans' Bayou Oaks, but as of last week, only over $3 million had been spent, which included $2 million on course improvements. Additionally, O'Neil mentioned to the in-house broadcast team that the league is exploring new ways to enhance the experience, including potential partnerships with national opens.

(UPDATED April 28, 2026 13:27 UTC)

LIV Golf is set to officially announce the postponement of its June 25 event on Tuesday, as the league currently lacks a schedule following its team championship in August. In a recent agreement, LIV will return the $1.2 million it received while considering the $2 million spent on Bayou Oaks as a valuable enhancement to a state asset. Meanwhile, O'Neil and his team are actively working to raise funds to support the league, which may include selling equity in its 13 LIV Golf teams and pursuing additional outside investments, especially as PIF funding is expected to conclude this year.

(UPDATED April 28, 2026 05:55 UTC)

LIV Golf is actively seeking new funding sources as it prepares for a potential financial shift after the 2026 season, especially with reports that Saudi Arabia’s Public Investment Fund may withdraw its support. In light of this, Secretary of Louisiana Economic Development Susan Bourgeois has reached out to Scott O'Neil to discuss the situation, which has led to the expected postponement of a June 25 event. So far, over $3 million has been spent on the event, including $2 million dedicated to course improvements, but LIV Golf is now looking to raise additional funds by selling equity in its teams and attracting outside investments.

(UPDATED April 28, 2026 04:14 UTC)

LIV Golf's New Orleans event has been canceled due to financial uncertainty, with CEO Scott O'Neil communicating with Louisiana's Secretary of Economic Development, Susan Bourgeois, about the decision. The tournament, originally scheduled for June 25 at Bayou Oaks in City Park, will be postponed as LIV Golf reassesses its business model amid potential funding issues from Saudi Arabia’s Public Investment Fund. While Louisiana was prepared to invest approximately $7 million to host the event, including $2 million for course improvements, LIV Golf will return $1.2 million already received, treating the improvement costs as acceptable.