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Golf is always busier in the summer, but it’s rarely this lucrative. LIV Golf Investments announced this week that it is launching the LIV Golf Invitational Series in June and will put up a $255 million purse spread over eight events from June through October.
You know LIV Golf Investments as the company behind the Saudi Arabia-backed Super Golf League, which has been in the news a lot lately for mostly the wrong reasons.
Phil Mickelson recently lost most of his sponsorships after it was disclosed that he helped form the operating agreement for this league, which ostensibly will serve as a rival to the PGA Tour. The fundamental problem most folks have with the SGL is that it is funded by the Public Investment Fund, the financial arm of the Saudi Arabian government, which doesn’t exactly have high marks when it comes to global relationships.
The league apparently has a new name, though, or at least this iteration of it does. Gone is the SGL; in its place is the LIV Golf Invitational Series, which will mostly be played at golf courses throughout the United States. Here’s a look at the scheduled dates and locations.
- June 9-11: Centurion Golf Club — London
- July 1-3: Pumpkin Ridge Golf Club — Portland
- July 29-31: Trump National Golf Club Bedminster — Bedminster, N.J.
- Sept. 2-4: The International — Boston
- Sept. 16-18: Rich Harvest Farms — Chicago
- Oct. 7-9: Stonehill Golf Club — Bangkok
- Oct. 14-16: Royal Greens Golf Club — Jeddah, Saudi Arabia
- Oct. 28-30: Team Championship — TBD
The details are fascinating. Each event will have a $25 million purse ($5 million to teams and $20 million to individuals), and the team championship will have a $50 million (!) purse. (Last week’s Players Championship featured the biggest purse in PGA Tour history at $20 million.) There will also be bonuses for individual winners at the end of the year.
The format has remained unchanged. Twelve teams with four…
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Source : cbssports
