Wednesday, August 26, 2026Sports Chronicle
DailyClubGolf

Did LIV Golf cancel $40 million in season-winning money? Reports indicate further updates 

HONGKONG LIV-GOLF A large LIV golf logo in Fanling Golf Course where LIV Golf Hong Kong is being held in Hong Kong, March 5, 2026. NEXPHER/Vernon Yuen HONG KONG

As the league nears its conclusion, LIV Golf finds itself facing more questions than answers. According to the latest reports, the championship's season finale stands cancelled. 

The season finale, scheduled for August 27-30 at The Cardinal at St. John's in Michigan, faced uncertainty as early as July 2026. Several outlets reported on the lack of infrastructure being erected at the venue.

Per a report released by The Telegraph on August 12, the league informed players on Wednesday that the $40 million season-ending team championship has been cancelled. Players of the league continue to remain in the dark about what lies ahead. 

"It remains unclear how the season-long team race will be decided in Indiana and several players have confirmed to Telegraph Sport that they remain in the dark on that front and on whether the $40m team prizes will be paid out," stated The Telegraph's August 12 report.

Sotogrande, Spain, July 13th 2025 LIV Golf Andalucia 2025 banner with logo and slogan Long LIV Golf at the Real Club Valderrama in Sotogrande, Spain Andres Lopez Sheridan / SPP PUBLICATIONxNOTxINxBRAxMEX Copyright: xAndresxLopezxSheridanxx/xSPPx spp-en-AnLoShSp-ALS_LIV-7

This marks the second LIV Golf tournament that has been cancelled this season. Earlier this year, the league called off a $30M event in New Orleans in June.

However, the Indianapolis event is still on and is scheduled to take place at The Club at Chatham Hills on August 20-23. Unfortunately, it will most likely be the last event of the year for the league. 

Despite reports about the Michigan event's cancellation circulating, LIV Golf has yet to make an official announcement. 

LIV Golf looks to rebuild amid major financial shakeup

The season finale being cancelled is just the latest setback that the league has been facing. According to CBS Sports, the decision came after the Saudi Public Investment Fund announced that it would withdraw its funding at the end of the season. 

During a conference with the media on August 5, LIV Golf CEO Scott O’Neil revealed that the league had new investors lined up. 

"LIV Golf has an agreement in place with a lead investor, signed by the investor and approved by the board, to anchor the transaction and play a key role in supporting the path forward for the league's next era, driven by and for the players," said O'Neil via CBS Sports. "We're also seeing strong interest from more than a dozen additional parties to potentially serve as minority investors, creating a multi-partner model built for long-term stability and growth."

Furthermore, the LIV Golf executives are working to create a 'LIV 2.0', which will feature just 10 events instead of 14. 

As the 'LIV 2.0 continues to take shape, it will be interesting to see how the league navigates through these tumultuous times. 

Written by

Chionia Libania Colaco

Edited by

Arundhoti Palit