League: LIV Golf Sport: Golf Country: Global Category: Playoffs

LIV Golf cancels $40 million team championship amid funding concerns

CBS Sports • 1 min read • Latest: Aug 12, 2026, 6:20 PM

Last updated Aug 12, 2026

LIV Golf cancels $40 million team championship amid funding concerns

Summary

LIV Golf has canceled its season-ending $40 million team championship originally set for August 27-30 at The Cardinal at St. John's in Michigan. This cancellation follows a previous event cancellation in June, highlighting ongoing financial difficulties for the league. Despite CEO Scott O'Neil's assertion of secured funding and interest from additional investors, uncertainty regarding the league’s future remains, particularly following Saudi Arabia's Public Investment Fund's decision to withdraw support by the end of the 2026 season. LIV Golf’s Indianapolis tournament is still scheduled for August 20-23, which will conclude the season.

Source Links

CBS Sports

What We Know

•LIV Golf's team championship cancellation is the second event dropped in 2026.
•CEO Scott O'Neil claims funding has been secured for future operations.
•The Indianapolis tournament will now serve as the season's final event.
•The league will introduce a new model allowing players majority equity ownership.
•Concerns grow as PIF withdraws funding and potential bankruptcy looms.

Latest Updates

6:20 PMCBS Sports — LIV Golf reportedly cancels $40M season-ending team championship as league's future remains in doubt

What they're saying

"
LIV Golf has now canceled two tournaments in 2026 amid questions about how the league will fund itself moving forward
— CBS Sportsby Patrick McDonald

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