Reports indicate that LIV Golf has canceled its scheduled $40 million season-ending team championship set for late August at The Cardinal at St. John's in Michigan [1].
This marks the second cancellation for the league in 2026, following an earlier decision to drop a $30 million event planned for New Orleans in June [1].
The development comes as LIV Golf navigates uncertainty regarding its financial structure and long-term viability, with limited public details available on operational funding [1].
A single primary source underpins the cancellation claim, and independent corroboration from additional outlets has not yet emerged, so the report should be viewed as developing rather than confirmed [1].
LIV Golf has separately stated plans to transition players into majority equity holders, with terms expected to finalize in the coming weeks and a transaction targeted for September [1].