LIV Golf postpones New Orleans stage while negotiating financing with PIF

LIV Golf will postpone the tournament scheduled for Nova Orleans at the end of June. The information was released to ESPN by sources linked to the league this Monday, as the organization tries to secure additional financial resources after Fundo of Investimento Público of Arábia Saudita (PIF) suspended new financing commitments for the dissident circuit.

The tournament was scheduled for June 25th to 28th at Bayou Oaks at City Park, at Louisiana. An official statement on the postponement will be released on Tuesday, according to the same sources.

Nova Orleans presses for decision

Desenvolvimento Econômico’s secretary of Louisiana, Susan Bourgeois, had pressured those responsible for LIV Golf to make a decision in recent weeks. Estado had already invested US$2 million in improvements to the site and was preparing to spend another US$5 million on the works. LIV Golf agreed to refund the $1.2 million it had already received from Louisiana for the event.

Segundo sources with knowledge of the inner workings of the Golf LIV, the league is working closely with Louisiana’s governor’s office, Jeff Landry, and Estado’s Desenvolvimento Econômico agency to set new potential dates in the fall.

🚨❌⛳️ JUST IN — Sources tell @NOLAnews that LIV Golf officials have notified the state of Louisiana that it intends to “pivot” from its scheduled 72-hole event slated for June to a smaller “exposition-style” tournament this fall, instead, with an official announcement coming… pic.twitter.com/wrCejZ5ldh

— NUCLR GOLF (@NUCLRGOLF) April 27, 2026

Razões for postponement

The organization seeks to avoid the intense summer heat in the region. Além also wants to ensure that the field is in suitable conditions for a high-level championship. Também seeks to avoid conflicts with Mundo’s television broadcast and viewership of Copa, which occurs in the same period.

The league’s next steps include:

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• Alternative Calendar Definição for September or October
• Avaliação from other potential locations in the Estados Unidos
• Negociação continues with state authorities
• Confirmação of dates with sponsors and broadcasters

Incerteza on the future of the league

The future of LIV Golf remains uncertain after the PIF withdrew its funding commitment beyond this season. The Saudi sovereign wealth fund has invested more than US$5 billion in the league since its creation in 2022. Nos Last three and a half years, the PIF spent approximately US$100 million per month to keep the circuit running.

Grande part of the proceeds was directed towards golfer contracts and tournament prize pools, which increased from US$25 million to US$30 million this season. The remaining US$5 million was allocated to team prizes.

Earlier this month, Arábia Saudita Crown Prince and PIF Chairman Mohammed bin Salman approved a five-year strategic plan for the fund focused on domestic initiatives. The plan did not mention LIV Golf.

League CEO Garantias

Apesar out of uncertainty, LIV Golf CEO Scott O’Neil said in a statement released on April 15 that the 2026 season “continues exactly as planned, uninterrupted and full steam ahead.” The league has seven tournaments remaining this season, including four in the Estados Unidos.

The next circuit event will be held May 7-10 at Trump National Golf Club in Sterling, Virgínia, owned by US President Donald Trump.

In an interview during the broadcast of the opening round of the LIV Golf tournament on México’s Cidade last week, O’Neil defended the league’s ability to remain operational. “The reality is you receive funding during the season and then work tirelessly as a company to create a business and a business plan that keeps us going,” said the CEO. “But this is no different than any other private equity-funded deal in human history.”