LIV Golf's New Orleans event cancelled weeks after CEO vowed season would go on 'full throttle'

OutKick LIV Golf's New Orleans event cancelled weeks after CEO vowed season would go on 'full throttle' CEO Scott O'Neil had insisted in an internal memo that the 2026 season would continue uninterrupted By Ian Miller OutKick Published April 27, 2026 9:13pm EDT Facebook Twitter Threads Flipboard Comments Print Email Add Fox News on Google close Video LIV Golf faces funding cut as Saudi Public Investment Fund pulls out PGA Tour announcer Doug Bell discusses reports that the Saudi Public Investment Fund will cease funding the LIV Golf league after the current season, jeopardizing its future. LIV Golf has incurred reported losses between $6 and $9 billion since its 2021 launch, surprising many agents and players. This significant financial shift underscores a broader reevaluation of investment priorities by Saudi Arabia. The LIV Golf Tour seems to be at a major turning point. if (window && window.foxstrike && Array.isArray(window.foxstrike.cmd)) { window.foxstrike.cmd.push(function(Strike) { Strike.insertAd('tablet', 'lb2', 'tablet-tw-ad-lb2', ''); }); } else { console.error('Error: window.foxstrike not found'); } if (window && window.foxstrike && Array.isArray(window.foxstrike.cmd)) { window.foxstrike.cmd.push(function(Strike) { Strike.insertAd('mobile', 'ban1', 'mobile-mw-ad-ban1', ''); }); } else { console.error('Error: window.foxstrike not found'); } Rumors swirled about the breakaway golf format over the last few weeks, when reports broke that an announcement was imminent about the future of the Tour and its relationship with the Saudi Arabia-backed Public Investment Fund. Then, LIV CEO Scott O’Neil confirmed that the Saudis would be pulling their financial support for LIV after the end of the 2026 season. While most have assumed that would mean the end of the league entirely, O’Neil told TNT Sports that he had a "business plan" to keep the league going. if (window && window.foxstrike && Array.isArray(window.foxstrike.cmd)) { window.foxstrike.cmd.push(function(Strike) { Strike.insertAd('desktop', 'lb2', 'desktop-desk-ad-lb2', ''); }); } else { console.error('Error: window.foxstrike not found'); } "The reality is 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. But that's not different from any other private equity-funded business in the history of man," O'Neil said. if (window && window.foxstrike && Array.isArray(window.foxstrike.cmd)) { window.foxstrike.cmd.push(function(Strike) { Strike.insertAd('mobile', 'ban2', 'mobile-mw-ad-ban2', ''); }); } else { console.error('Error: window.foxstrike not found'); } PHIL MICKELSON: 'WE ALL OWE' ELON MUSK 'HUGE DEBT OF GRATITUDE' FOR HELPING USA 'BECOME FISCALLY RESPONSIBLE' if (window && window.foxstrike && Array.isArray(window.foxstrike.cmd)) { window.foxstrike.cmd.push(function(Strike) { Strike.insertAd('tablet', 'lb3', 'tablet-tw-ad-lb3', ''); }); } else { console.error('Error: window.foxstrike not found'); } Whether the league can secure funding from other sources after the season remains to be seen, but O’Neil was adamant in an internal memo that the remainder of the 2026 season would go on "exactly as planned, uninterrupted, and full throttle."Well, that’s officially no longer the case. Bryson DeChambeau reacts on the second green during day one of LIV Golf Mexico City at Club de Golf Chapultepec in Mexico City on April 16, 2026. (Hector Vivas/Getty Images)LIV backs out of upcoming event in Louisiana…

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