LIV Golf files for bankruptcy. It owes Louisiana more than $1.2 million

LIV Golf filed for Chapter 11 bankruptcy protection Tuesday with more than $500 million in debt, part of its goal to revive the league without Saudi funding, and Louisiana is among its largest creditors. The move was widely expected after the Public Investment Fund of Saudi Arabia abruptly ended its financial support after the final event of 2026, a season that was originally supposed to include a June stop in New Orleans only to have it canceled amid questions about the league's financial future. The New Orleans LIV Golf tournament had been announced to great fanfare for City Park's Bayou Oaks Golf Course by state officials Gov. Jeff Landry and Louisiana Economic Development Secretary Susan Bourgeois only to be canceled in April. To attract the event, the state offered LIV a $7.2 million incentive package to be funded from the state’s major event fund.

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