US Edition
LIV 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.
36 Articles
36 Articles
LIV Golf and Louisiana officials plan to postpone the tour's New Orleans event, AP sources say
LIV Golf is working with Louisiana state officials to move its inaugural June tournament in New Orleans to the fall. People with knowledge of LIV Golf's operations tell The Associated Press that officials have been been working with the Louisiana…
LIV Golf to postpone upcoming event amid speculation of Saudi funding being pulled
LIV Golf is set to delay its inaugural $30million (£22.2m) tournament at Bayou Oaks at City Park in Louisiana, originally planned for June 25, amid speculation of Saudi funding being pulled.Staff and players have reportedly been informed that backing from Saudi Arabia's Public Investment Fund (PIF) is secured only until the conclusion of 2026.LIV's postponement is anticipated to be announced next year with reports of changes to its business mode…
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
Coverage Details
Bias Distribution
- 37% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
