LIV Golf Delays New Orleans Stop as Funding Shakeup Reshapes Plan

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Source: The New York Times
LIV Golf Delays New Orleans Stop as Funding Shakeup Reshapes Plan
Photo: The New York Times
TL;DR Summary

LIV Golf has postponed its June 25 stop in New Orleans amid a shifting business model and signals that Saudi Arabia’s Public Investment Fund could pull backing; Louisiana had planned roughly $7 million in state support for Bayou Oaks and hosting, with provisions to claw back $1.2 million and treat $2 million in course improvements as an asset. The parties aim to reimagine the event in the fall while LIV pursues new funding, including equity sales and partnerships, as its schedule becomes uncertain after August. LIV Golf Virginia at Trump National Golf Club is scheduled to begin May 7 in Washington, D.C., with no announced schedule beyond the team championship in August.

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