Renowned Golf Pundit’s Insane LIV Golf Speculation Depicts Financially Turbulent Times for the Rival League

Published 03/01/2023, 6:15 AM EST

The LIV Golf League plans on reaching great heights with its rebranding. The stakes are high, with 12 teams and over $400 million as total prize money. All the teams are working hard, and the fans are supporting them. But shocking news has taken over the celebration of the LIV Golf fanatics. The news has spread like a jungle fire, and now everyone is talking about it. What is the astonishing news that will make the pockets feel empty?

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The LIV Golf players will be very busy in the coming days. No, it is not because of the upcoming team matches. But they will be busy sorting the budgets for the forthcoming traveling. According to a recent report by Alan Shipnuck, the Saudi-backed League will no longer pay for the traveling expenses of the players or their caddies. All the traveling budget requirement has to be met by every individual on their own.

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Many people might question why, despite being funded by Saudi funds, the League has made such a decision. And the question is quite apt, as the players signed contracts with massive amounts, and every tournament’s purse is $25m. They should not have any financial deficit. Shipnuck also revealed the intention behind this new policy. They want to grow the franchise and use the money in the right direction rather than golfers taking it home.

Does this mean Charles Howell III will not get to keep the money? He won $4m at LIV Golf Mayakoba for his victory. Shipnuck wrote in an article for The Fire Pit Collective, “In the quest to build a more self-sustaining business, LIV has off-loaded all of the travel costs to each team, though, recognizing the tour is still in its early days, it did supply a stipend for this season. (The plan is to abolish the stipend beginning in 2024.).”

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Will players get to keep any money they win?

According to the reports, players can keep the money but not all of it. Shipnuck wrote, “Players still keep the individual money they win – in Howell’s case, that was a tidy $4 million – but the $3 million for the team victory goes into the Crusher coffers, not the players’ pockets.” The most significant change in LIV Golf 2023 was giving more and more focus to the teams. And therefore, the growth of the team will be their priority, hence the policy change.

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Written by:

A Commerce graduate who turned her passion into her profession, Saumya is a Golf writer at Essentially Sports. Having developed the love for the sport at a very young age, she watched Tiger Woods and caught inspiration from his legacy early on. Apart from Woods, she shares great admiration for her country's players like Vishwanathan Anand and Neeraj Chopra.

Edited by:

Akash Pandhare

Renowned Golf Pundit’s Insane LIV Golf Speculation Depicts Financially Turbulent Times for the Rival League

An additional situation for the LIV Golf defectors to tackle

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Will players get to keep any money they win?