The PGA Tour was a break away and came into existence after players split from the PGA of America in 1967 to form the Tournament Players Division. Then in the mid 1990s, Greg Norman and media tycoon Rupert Murdoch attempted to create the “World Golf Tour” featuring the top players competing in an eight-event series. A television contract with Murdoch’s Fox Sports was even secured. But the breakaway attempt was eventually squashed by the PGA.
The rise of LIV Golf
Who is behind the LIV Tour
The Public Investment Fund of Saudi Arabia which is the countries sovereign wealth fund, with $600 billion in assets, backed LIV Golf Investments. This gave LIV Golf the massive firepower needed to set up its own global professional tour an attract some very big names.
Saudi Arabia has a growing portfolio of investments in sport from motorsports, soccer, boxing, tennis and wrestling. In October 2021, the PIF backed the purchased of Newcastle United, a Premier League soccer club.In golf the country has hosted the Saudi International since 2019, which was sanctioned by the European Tour that has drawn some of the top names in golf, who are paid massive appearance fees.Former World number one, Greg Norman is heading up the breakaway golf tour after his failed attempt at the World Golf tour 20 years ago.
The name LIV is a reference to the Roman numeral 54, which is the score if every hole on a par-72 course was birdied. 54 is also the number of holes to be played at LIV events. The inaugural season of the LIV Golf Invitational Series features eight 54-hole no-cut stroke play tournaments and a final Team Championship. The Final is set to be a seeded four-day, four-round, match play knock-out event held at Trump National Doral Miami in October 2022.
As the tour is still in development, things are changing all the time. In June 2022, it was reported that LIV Golf would evolve into a league format with a 14-event schedule and 48 contracted players. Then in July, Norman announced that LIV Golf would implement a promotion and relegation system, featuring a rankings list and a four-player relegation out of the 48 contracted players.
The league has a massive prize fund of $405 million.
On March 15 2022, LIV Golf announced an eight-tournament, $255 million series—called the LIV Golf Invitational. The first LIV Golf Invitational Series event started on 9 June 2022, at the Centurion Club, England. The Invitational Series is to become the LIV Golf League in 2023.
Five of the events will be held in the United States – Pumpkin Ridge Golf Club in Portland (July 1-3rd), Trump National Golf Club in Bedminster, N.J. (July 29-31st), the International in Boston (Sept. 2-4th), Rich Harvest Farms in Chicago (Sept. 16-18th) and Trump Doral (Oct. 29-31st).
The first seven events will each boast $25 million purses, $20 million for individual prizes and another $5 million for the team competition. The eighth event will offer $30 million for the top three players of the season, with another $50 million for teams in total prize funds.
Players who have signed with LIV Golf
So far four players in the top 50 has signed to LIV Golf (Dustin Johnson, Louis Oosthuizen, Kevin Na and Talor Gooch) and 16 of the top 100.
Phil Mickelson was the first and most notable player to join the LIV Golf Tour, was reportedly offered $200 million to move from the PGA Tour. Former No. 1 golfer Dustin Johnson was another massive name to join LIV Golf, and has reportedly signed a four-year contract worth a reported $125 million.
The line up is already very impressive with the likes of Brooks Koepa, Louis Oosthuizen, Bryson DeChambeau, Patrick Reed, Sergio Garcia, Bubba Watson, Lee Westwood, Cameron Smith and some former greats like Phil Mickleson, Graeme McDowell, Ian Poulter.
Players opposition to LIV Golf?
Some of the biggest players on the PGA tour have had major opposition to the LIV Tour, Rory McIlroy has been the most vocal and stands as a major critic of LIV Golf. He has repeated that he’s not comfortable with where the money is coming from and publicly criticised the player greed.
In November 2021 Tiger Woods stated ““I’ve decided for myself that I’m supporting the PGA Tour. That’s where my legacy is, I’ve been fortunate enough to have won 82 events on this tour and 15 major championships, and been a part of the World Golf Championships, the start of them and the end of them. So I have allegiance to the PGA Tour.”Tiger Woods famously turned down a reportedly $800 million to join LIV golf in June 2022.