LIV Golf has postponed its planned tournament in New Orleans, originally set for June 25-28 at City Park’s Bayou Oaks, amid ongoing uncertainties over its funding. The decision follows indications that Saudi Arabia’s Public Investment Fund (PIF), the primary backer of the Saudi-backed golf series, is seeking to reduce or withdraw its financial support.

LIV Golf chief executive officer Scott O’Neil and Susan Bourgeois, Louisiana’s secretary of economic development, discussed the postponement last week, citing changes in LIV’s business model as a key factor. An official announcement was anticipated shortly after the discussions. Despite the postponement, the New Orleans event remained listed on LIV Golf’s website as scheduled at the time of reporting, with intentions to possibly reschedule a revised tournament in the autumn. However, the series’ final event for the 2026 season remains slated for late August.

The state of Louisiana had committed $2 million in funding for upgrades to City Park in preparation for the event, along with an additional $3 million as a hosting fee, anticipating an economic impact of approximately $70 million for the area. According to state officials, LIV Golf is expected to return about $1 million of the funds already paid, while the investment in park improvements will remain as a state asset. Both parties have expressed a willingness to maintain a partnership and explore future opportunities.

LIV Golf has faced increasing challenges since its inception in 2022, despite attracting several prominent players from the PGA Tour with substantial contracts. Spain’s Jon Rahm has claimed the series’ titles for the past two seasons, but some high-profile players, including Brooks Koepka and Patrick Reed, have returned to or sought to return to more established tours such as the PGA and DP World Tours. Reports suggest that several other LIV players have negotiated releases to participate again in DP World Tour events, with the latter’s chief executive highlighting openness to reintegration opportunities as beneficial for the sport.

The postponement leaves a significant gap in LIV Golf’s calendar, with no tournaments scheduled between early June and late July. The organization is reportedly seeking new sources of investment after the PIF’s shift toward a five-year strategy emphasizing projects with clear economic returns. LIV CEO O’Neil has acknowledged the circuit’s lack of profitability, projecting potential losses for at least the next five to ten years.

Upcoming scheduled LIV Golf events include competitions in early May at Trump National Golf Club near Washington, followed by stops in South Korea, Spain, and England in the following months, before concluding with U.S.-based tournaments in August. The future of the series remains uncertain as it navigates financial restructuring and efforts to secure alternative funding.