Tranlate this title LIV Golf announces a 2.0 with 10 tournaments in spanish

The LIV Golf League refuses to die. Scott O’Neil, the league’s CEO, which has lost the backing of the Saudi Arabian Public Investment Fund (PIF), released a statement, obtained by Golf.com, indicating the existence of an investor, whose name will not be revealed until September, prepared to put $250 million on the table.

LIV Golf, statement

This sum, which falls far short of the $470 million in prize money the LIV had in 2026 before the cancellation of the Michigan team tournament with a $50 million purse, will allow for the creation of a new version of the league with 10 events: five in the United States, surrounding the major tournaments, and five in other countries. These will be called ‘Team Majors,’ a name that suggests they will be played in locations where existing franchises are already established: Australia (Ripper), South Africa (Southern Guards GC), and Korea (Korean Golf Club). Spain?…

The new agreement will also make key figures in the league majority shareholders, especially players who are still owed contracts that will be suspended because, according to other sources, the competition will file for bankruptcy. The prize money will drop from 30 million per tournament to 20 or 15 million, and the golfers will regain full rights to commercially exploit their image.

PIF announced in April that LIV was no longer part of its strategic plans after investing £5.4 billion since the summer of 2022. «We wouldn’t need any more investors to continue, but we have the opportunity to do so,» O’Neil said.

The Rules are a set of standards and procedures by which the sport of golf should be played. They are jointly written and administered by the Royal & Ancient St. Andrews, the governing body of golf worldwide, except in the United States and Mexico, which are governed by the United States Association. An expert committee composed of members of the R&A and the USGA oversees and refines the rules every four years. The latest revision took effect on January 1, 2016. Amendments to the Rules of Golf are generally divided into two main categories: those that improve understanding and those that reduce penalties in certain cases to ensure balance. The rulebook is published regularly and also includes rules governing amateur status. In Italy, the Italian Golf Federation is responsible for overseeing competitions by enforcing the rules issued by the R&A, ensuring that these rules are observed by clubs, associations, and their members, and managing the resulting sporting justice, protecting their interests abroad.