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By Rowan Fisher-Shotton
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Over the past couple of weeks, multiple reports have painted a bleak picture around the future of LIV Golf.
The Saudi-backed league, once fueled by seemingly endless capital, is now facing the possibility of losing its primary funding stream as early as 2026.
The once-disruptive tour suddenly looks vulnerable. Now, a new development is raising even more immediate concerns.
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On Monday, it was reported that LIV Golf is postponing its highly anticipated New Orleans event.
“Sources tell WDSU the state of Louisiana is postponing the event until LIV can restructure financially and find additional sources of funding,” Sports Business Journal’s Josh Carpenter reported.
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Scheduled for June 25–28, 2026, at Bayou Oaks in City Park, the event was supposed to mark LIV’s first-ever appearance in Louisiana and a key expansion into a new U.S. market.
State officials had already committed millions, reportedly around $5 million in public funding plus $2.2 million in infrastructure upgrades, to bring the event to life.
Canceling it now seriously disrupts the tournament and raises even more serious questions about whether LIV can deliver on any of its commitments moving forward.
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Launched in 2022 and backed by Saudi Arabia’s Public Investment Fund, LIV Golf was built to challenge the traditional power structure of professional golf.
It introduced a radically different product: 54-hole, no-cut tournaments, smaller 48-player fields, massive guaranteed contracts and purses, and a team-based format layered onto individual competition.
The league quickly lured stars like Phil Mickelson, Dustin Johnson, and Bryson DeChambeau, triggering a full-blown civil war with the PGA Tour.
That conflict cooled in 2023 with a framework agreement for a potential merger, but the deal remains unresolved, and increasingly uncertain.
From the start, LIV’s business model relied heavily on external funding. Now, that financial backbone appears shaky, and the ripple effects of the New Orleans event being dropped could be significant.
LIV had mapped out a global 2026 schedule with stops across the U.S., Europe, Asia, and Australia. But if one event tied to public funding and infrastructure support is collapsing, others could follow.
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