Report: LIV Golf Louisiana event to be postponed as funding questions grow

A Louisiana television station is reporting that an upcoming LIV Golf event will be postponed, the latest development fueling persistent questions about the league’s financial footing and adding to growing speculation that funding concerns are becoming an unwelcome distraction. The report surfaces just weeks after LIV Golf CEO Scott O'Neil embarked on a media blitz aimed at pushing back against widespread claims that the Saudi Arabian Public Investment Fund was preparing to scale back or withdraw its support. O’Neil reportedly told multiple people at the Masters that the circuit was fully funded at least through this year, projecting confidence and stability at a moment of heightened scrutiny.

“The reality is that you’re funded through the season, and then you work like crazy as a business to create a business and a business plan to keep us going," O'Neil said. "But that’s not different from any other private equity-funded business in the history of mankind. ” Now, WDSU in New Orleans is reporting that the upcoming LIV Golf Louisiana in June will be postponed.

The event, which would be a first of its kind in New Orleans and City Park, is backed by the Saudi Private Investment Fund. Sources tell WDSU the state of Louisiana is postponing the event until LIV can restructure financially and find additional sources of funding. The event could be rescheduled in the future.

There are three scheduled events before the Louisiana stop on the LIV Golf schedule, one in Washington, D. C. , at Trump National, followed by stops in South Korea and Spain.