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๐Ÿ‡ฆ๐Ÿ‡บ Australia /Sports

LIV Golf postpones US event amid tour's uncertain future

From ABC Australia · (21m ago) English Critical tone

Summarized and contextualized by DistantNews.

TLDR

  • LIV Golf and Louisiana officials have postponed the tour's New Orleans event, originally scheduled for June.
  • The postponement comes amid reports that Saudi Arabia's Public Investment Fund may withdraw funding from LIV Golf.
  • Louisiana has already paid $3.2 million of a $7 million agreement, with LIV Golf expected to return state incentive funds.

The burgeoning LIV Golf tour faces further uncertainty as its New Orleans event, slated for June, has been officially postponed. This decision, made in conjunction with Louisiana officials, follows mounting speculation about the future funding of the controversial golf league, particularly reports suggesting Saudi Arabia's Public Investment Fund (PIF) is considering pulling its financial backing. The postponement leaves a significant gap in the 2026 schedule, between events in Spain and the UK.

Secretary Bourgeois spoke with LIV Golf CEO Scott O'Neil on Friday and was informed that the organisation seeks to โ€Œpostpone its June 2026 event in New Orleans to explore a potential event โ this fall.

โ€” Jeff LandryLouisiana Governor confirming the postponement of the LIV Golf event.

Louisiana Governor Jeff Landry confirmed the postponement, stating that LIV Golf CEO Scott O'Neil informed state officials of the desire to explore a potential event later in the fall. This move comes despite Louisiana having already committed $3.2 million of a $7 million agreement. Governor Landry expressed appreciation for LIV's 'good-faith efforts' and a desire to maintain the partnership, indicating that LIV Golf is expected to return all state incentive funds.

We appreciate LIV's good-faith efforts and look forward to maintaining our partnership as โ€Œwe continue conversations around an event later this year.

โ€” Jeff LandryLouisiana Governor expressing hope for future collaboration with LIV Golf.

This development marks the first official cancellation or postponement of a LIV Golf tournament since the reports of potential funding withdrawal emerged. The league, launched in 2022 with substantial backing from the PIF, has been a disruptive force in professional golf. Its future, and the viability of its ambitious schedule, now hangs in the balance, raising questions about the long-term sustainability of the tour and its impact on the established golf world.

We are grateful for the work of our local partners and the collaboration that supported this โ effort.

โ€” Jeff LandryLouisiana Governor acknowledging local support for the LIV Golf initiative.
DistantNews Editorial

Originally published by ABC Australia. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.