Back to today’s briefing

Story perspectives

Louisiana postpones LIV Golf, spends $5 M on upgrades, fee

4/28/2026

33 7 Full Breakdown

Summary

Louisiana Postpones LIV

Louisiana postponed the LIV Golf tournament slated for the last week of June in New Orleans.
The state allocated $2 million for City Park upgrades, $3 million as a hosting fee, and will be repaid $1 million it paid to LIV.
Officials expect an official postponement announcement on Tuesday.
A source said LIV may hold a smaller fall tournament despite the league’s $70 million economic impact claim for New Orleans.

Summary

LIV Golf Continues

LIV Golf CEO Scott O’Neil emailed staff that the 2026 season will continue full throttle.
The tour held six events, with Jon Rahm winning in Mexico City.
Former Smash GC, once led by Brooks Koepka, was renamed OKGC for captain Talor Gooch’s Oklahoma ties.
Bryson DeChambeau’s contract expires at the end of 2026, tournaments set for Virginia (May 7-10), South Korea (late May), Spain (June 4-7) and United Kingdom (July 23-26).

Summary

LIV Golf Sells

LIV Golf is selling equity in its 13 teams as it may lose Saudi Public Investment Fund support after 2026.
The league is courting partnerships with national open tournaments for revenue.
It has spent $3 million of its $7 million budget, including $2 million on course upgrades the state will keep.
LIV Golf will return the $1.2 million from Louisiana and may host an invitational event to cut costs, according to CEO Scott O’Neil.

History

Historical Context

LIV Golf debuted on 9 June 2022 with its first event at the Centurion Club, funded by Saudi Arabia’s Public Investment Fund. The league promised a $200 million prize pool and secured a $250 million PIF investment, prompting state partners like Louisiana to allocate $2 million for park upgrades and repay $1 million, highlighting the model’s reliance on sovereign capital.

1 of 4

Louisiana Postpones LIV

Louisiana postponed the LIV Golf tournament slated for the last week of June in New Orleans.
The state allocated $2 million for City Park upgrades, $3 million as a hosting fee, and will be repaid $1 million it paid to LIV.
Officials expect an official postponement announcement on Tuesday.
A source said LIV may hold a smaller fall tournament despite the league’s $70 million economic impact claim for New Orleans.

1 / 4