US EditionLIV Golf Delays New Orleans Event Amid Saudi Funding Cuts
The league may move the tournament to a smaller fall venue as Louisiana could return $1 million in incentive money, officials said.
- LIV Golf's New Orleans tournament, originally planned for June 25-28, is likely postponed until the fall due to financial troubles and restructuring efforts.
- CEO Scott O'Neil and Louisiana Economic Development Secretary Susan Bourgeois agreed to postpone the event while seeking new funding.
- Louisiana provided $5 million in total for the event, including approximately $2 million for course upgrades and a hosting fee, and will refund the $1 million already paid with no additional state funding.
- The postponement follows reports that the Saudi Public Investment Fund may withdraw financial support, prompting LIV Golf to seek new funding and restructure, including exploring selling equity in its teams.
27 Articles
27 Articles
LIV Golf Reportedly Postpones New Orleans Tournament After CEO Declared Season Would Continue ‘Full Throttle’
The event was set to be held at Bayou Oaks at City Park in Louisiana from June 25-28 The post LIV Golf Reportedly Postpones New Orleans Tournament After CEO Declared Season Would Continue ‘Full Throttle’ appeared first on Conservative Angle | Conservative Angle - Conservative News Clearing House
Chicago Sun Times
USA TodayLIV Golf postpones New Orleans event set for June
Although rumors of LIV Golf shutting down were quelled by CEO Scott O'Neil's insistence that everything was just fine and going "exactly as planned," the company has officially postponed an event.The LIV Golf Louisiana event, set for June this year in New Orleans, has been postponed indefinitely. Per reports, Secretary of Louisiana Economic Development Susan Bourgeois reached out to O'Neil to discuss the future of the event after initial news ca…
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