State officials confirmed Louisiana has already paid $3.2 million toward the LIV Golf tournament under its contract. LIV Golf is expected to return all state incentive funds, except $2 million already invested in City Park upgrades, which will remain in place regardless of whether the tournament is held.

LIV Golf is singing the blues. A planned tournament in New Orleans is expected to be postponed amid the financial turmoil the league has found itself in after reports that the Saudi Public Investment Fund was pulling its monetary commitments surfaced earlier this month,

LIV Golf has postponed its New Orleans tournament. According to the Louisiana Economic Development, LIV Golf is seeking to explore a potential event in the fall, rather than their original date set in June.