PALM HARBOR, Fla. — Greg Norman and his LIV Golf Investments announced an eight-tournament schedule Wednesday that will offer $255 million for the total prize fund and a format that includes both individual and team play.
Missing from the announcement was the names of who would be playing, which would affect their PGA Tour membership.
LIV Golf Investments, funded primarily by the Saudi Arabia sovereign wealth fund, said it is providing more than $400 million in "seed money" to launch the LIV Golf Invitational series, which blends 54-hole stroke play with a team concept.
Seven events would have a $25 million purse — $20 million for medal play ($4 million for the winner) and $5 million for the top three teams.
The PGA Tour just concluded its richest tournament, with a $20 million purse at The Players Championship, won by Cameron Smith. The tour pays 18% of the prize money to the winner.
The schedule for the Saudi-backed rival league includes four tournaments in the United States. One is at Trump National in Bedminster, New Jersey, which originally was to host the PGA Championship this year until the PGA of America voted to move it after the riot at the U.S. Capitol on Jan. 6, 2021, as Congress was certifying Joe Biden's presidential victory.
The others would be Pumpkin Ridge Golf Club in Portland, Oregon, which previously hosted the U.S. Women's Open; Rich Harvest Farms outside Chicago, which once hosted a Solheim Cup; and The International, a private club about 30 miles west of Boston.
The series is to start June 9-11 at Centurion Golf Club in London — one week before the U.S. Open outside Boston — and conclude with a team championship at the end of October.