IPL: Josh Hazlewood, Bhuvneshwar Kumar wreak havoc as RCB blow away DC for 75 in 9-wicket win
RCB blows away DC for just 75 runs in a stunning IPL win!
LIV Golf's New Orleans event, scheduled for June, is likely postponed due to funding issues after Saudi Arabia's sovereign wealth fund pulled financial support. The event may be rescheduled for the fall amid ongoing financial uncertainty.
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Credit: Jasen Vinlove-USA TODAY Sports
Just two weeks after reports surfaced that the Saudi-funded LIV Golf circuit could be on its last legs after Saudi Arabiaâs sovereign wealth fund decided to pull funding for the entity following this season, it seems that LIVâs collapse could begin quicker than anticipated.
On Monday, WDSU first reported that the LIV Golf New Orleans event scheduled for June would âlikelyâ be postponed as the leagueâs finances face uncertainty. Later, The Athletic confirmed that reporting, suggesting that the event could be rescheduled for the fall, despite LIVâs championship event being scheduled for August.
Without funding from Saudi Arabia, itâs unclear how LIV Golf will afford the gargantuan salaries and event purses it used to attract some of the worldâs best players. Despite this uncertainty, LIV Golf CEO Scott OâNeil has remained steadfast that the league hopes to secure funding to continue into next season and beyond.
OâNeil also offered assurances that this season would go on âexactly as planned, uninterrupted, and at full throttle,â when reports first surfaced about the leagueâs uncertain future. Clearly, that wonât be the case.
As part of the postponement, the state of Louisiana will be reimbursed $1.2 million it had already paid LIV Golf to host the event in New Orleans.
In an ironic twist of fate, the New Orleans event was one of the few on LIVâs schedule that couldâve actually commanded a sizable television audience. Its final round was scheduled to air on Fox immediately following the opening game of the FIFA World Cup knockout stage.
LIVâs next event, at Trump National Golf Club outside of Washington, D.C. in 10 days, is so far scheduled to continue as planned.
The post LIV Golf reportedly postpones New Orleans event amid funding struggles appeared first on .
The event was postponed due to financial uncertainty after Saudi Arabia's sovereign wealth fund withdrew its funding.
Without funding, LIV Golf may struggle to pay the high salaries and event purses that attracted top players, jeopardizing its future operations.
While the New Orleans event is postponed, it may be rescheduled for the fall, but no specific date has been confirmed yet.
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