LIV Golf to postpone upcoming event amid speculation of Saudi funding being pulled

TRENDING Stories Videos Your Say O'Neil's management team is now actively pursuing alternative financial backers following PIF's investment of more than 5bn (£3.7bn) since the circuit's 2022 launch, which has yielded minimal returns.In an interview subsequently removed from TNT Sport, the UK broadcaster of LIV events, O'Neil effectively acknowledged that Saudi money would cease flowing after the current campaign.He said: The reality is you're funded through the season and then you work like crazy to create a business and a business plan to keep us going. But that's not different than any other private equity business in the history of mankind.LATEST SPORTS NEWSGareth Barry shares what he told James Milner after former teammate beat Premier League recordGolf players to receive harsher penalties for swearing on course as new rule introducedCasemiro future gets big update after Man Utd win over BrentfordLouisiana had been expected to commit 7m (£5.1m) to host the tournament, including 2m (£1.48m) earmarked for course improvements.According to American media reports, LIV has now agreed to reimburse 1.2m (£890k) already provided by the state for staging the competition.The circuit resumes next week at Trump National, Washington, DC, in Virginia, with subsequent stops in South Korea and Spain.However, the Louisiana cancellation creates a substantial five-week hiatus in the schedule before players reconvene in England for a tournament at JCB Golf and Country Club in Uttoxeter, Staffordshire, during late July.There has been much speculation about the continuation of the league, with rumours of funding for the event being cut.Chris Heck, LIV Golf's President of Business Operations, has firmly rejected suggestions that the breakaway league faces financial uncertainty.Speaking at a press conference to announce Smash GC's transformation into OKGC, Heck addressed questions about the league's financial standing directly.No, we are funded, and we are business as usual moving forward, he told reporters.When pressed on whether concerns existed behind the scenes, Heck redirected attention to operational matters rather than ownership questions.We have concerns of selling tickets for the next event and of course launching great teams like OKGC, he said.The executive, who took up his position in June 2025 following a stint at Aston Villa, expressed unwavering faith in the league's prospects when asked about his confidence levels amid the swirling reports.I wouldn't be here if I wasn't extremely confident, not only in our players, but our product, Heck stated.Our Standards: The GB News Editorial Charter