LIV Golf Invitational Series to consist of eight events, offer $255 million in purses

The Saudi Arabian-financed breakaway golf league isn't going away.

LIV Golf Investments on Wednesday announced an eight-event series that will start in London in June and will feature four tournaments played in the United States. The LIV Golf Invitational Series will include seven-regular season events and a team championship match-play finale at a yet-to-be-announced site Oct. 28-30.

Total prize money for the eight events will be $255 million, according to LIV Golf Investments, and the seven regular-season tournaments will have total purses of $25 million, which would be the richest in professional golf, with $20 million in individual prizes and $5 million for the top three teams. The top three individuals after the seven regular-season events will also share a $30 million bonus.

The season-ending team match-play championship will provide another $50 million in prizes.

«I want golf to grow, players to have additional opportunities, and fans to have more fun,» LIV Golf Investments CEO Greg Norman said in a release. «My mission is to help the game reach its full potential and we know the role of golf as an entertainment product is critical to overall participation in the sport. In many ways, we are a start-up. We have a long-term vision and aim to grow. I believe we have a very bright and exciting future.»

The LIV Golf Invitational Series will consist of 54-hole events, no cuts and shotgun starts «to ensure a faster and more exciting pace.» There will be a maximum of 48 players on 12 four-man teams at each event and rosters will be determined by a draft the week of the tournament.

«Fan research indicates a significant number of new fans would be enticed by a faster paced and shorter variation and non-traditional format of