Greg Norman’s LIV Sparks Prize Money Dísruption Amid PGA Tour & Others; R&A Chief’s “Concerned” Plea Echoes Across Golf World
Greg Norman’s LIV causes chaos for the PGA Tour and other prize money systems. R&A chairman’s complaints of “concern” spread across golf.
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Martin Slumbers is stepping down from his post at the end of the year. But he’s also nervous about what the future holds. Doremus, the investment banker turned R&A executive, has a stern warning for golf fans: The British Open will increase the size of its purse, but only by $500,000, half what the US PGA did this year. The purse size of the PGA Championship was $11 million in 2020; this year it was $18.5 million. The USGA has pumped in $9 million over the past three years. The U.S. Open prize money was $21.5 million. The Masters purse will increase by $5 million starting in 2022 and will now be matched by $20 million from the Signature event and 14 LIV golf events.
