LIV Golf is a professional golf tour, financed by The Public Investment Fund (PIF), the sovereign wealth investment fund of Saudi Arabia and one of the largest in the world.
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The PIF has backing and financing LIV Golf Investments, the parent company of LIV Golf.
Of notable mention is the fact that the crown prince of Saudi Arabia, Mohammed bin Salman is the head of the PIF.
LIV is a reference to the Roman numeral for 54, which is the number of holes each player will complete in each event’s three-round format, which is one fewer round than a typical PGA Tour workweek, but for a lot more money.
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How much is the LIV Golf Tour paying?
How much money does the winner of the LIV Golf get? The winner of each LIV Golf tournament is expected to take home $4 million — 16% of the total purse. Second place will pay out $2.125 million, while the third-place golfer will bring in $1.5 million.
Who is paying for LIV Golf?
As mentioned earlier, the LIV Golf is financed by The Public Investment Fund (PIF), the sovereign wealth investment fund of Saudi Arabia and one of the largest in the world.
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