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LIV Golf Cancels $40M Michigan Event, Seeks $430M Funding

7/29/2026

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Summary

LIV Golf Cancels

LIV Golf cancels its $40 million Team Championship in Michigan, scheduled for August 27-30 at The Cardinal at Saint John’s, after the Public Investment Fund ended its funding in April 2026.
CEO Scott O’Neil is reportedly seeking about $430 million in new investment to keep the league operating.
LIV Golf now has two events: New York at Trump National Golf Club Bedminster (Aug. 6-9) and Indianapolis at The Club at Chatham Hills (Aug. 20-23).

Summary

Mobii Sues LIV

Mobii Systems Group sued LIV Golf for breach of contract after the league dropped its Any Shot Any Time feature.
Louisiana Economic Development awaits a $1.2 million refund of the hosting fee paid for the cancelled New Orleans tournament.
LIV insiders say the promised championship rings for the team event have not been paid for, adding to unpaid obligations.

History

Historical Context

When the original XFL folded after its sole 2001 season, NBC incurred a $35 million loss and the league shuttered in May, illustrating how ambitious alternative-sports ventures can collapse quickly. Today, LIV Golf faces a similar threat as Saudi Arabia’s Public Investment Fund withdraws support and lawsuits loom, leaving the tour scrambling for a reported $430 million cash infusion.

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LIV Golf Cancels

LIV Golf cancels its $40 million Team Championship in Michigan, scheduled for August 27-30 at The Cardinal at Saint John’s, after the Public Investment Fund ended its funding in April 2026.
CEO Scott O’Neil is reportedly seeking about $430 million in new investment to keep the league operating.
LIV Golf now has two events: New York at Trump National Golf Club Bedminster (Aug. 6-9) and Indianapolis at The Club at Chatham Hills (Aug. 20-23).

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