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LIV Golf Delays New Orleans Event Amid Saudi Funding Cuts

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.

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LIV Golf has decided to postpone the tournament in New Orleans (United States) to be held from 25 to 28 June. The decision is known in the midst of doubts about the continuity of the circuit after it transcended that the plan of the Saudi Arabian Public Investment Fund (PIF) will substantially cut funding. In a statement issued Tuesday by the governor, Jeff Landry, and the Louisiana Economic Development Office, it is noted that the request to po…

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