Tuesday, August 4, 2026
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

Ladies European Tour Gets Prize Money Boost From Saudi Arabia

Five tournaments on the Ladies European Tour are being revamped with new formats and increased purses totaling $13 million, as part of a new deal.

Severn Images

Saudi Arabia is pumping more money into women’s golf.

Five tournaments on the Ladies European Tour are being revamped with new formats and increased purses totaling $13 million as part of a new deal with the Public Investment Fund of Saudi Arabia, which is the financial backer of LIV Golf.

The move sees several events that were formerly part of the Aramco Team Series, named after the Saudi-owned oil company, now fall under the newly named PIF Global Series. 

Starting with this week’s tournament in Seoul, events in South Korea; London; Houston; and Shenzhen, China, will feature $2 million purses—double what they offered in 2024. Last year, the U.S. event on the Aramco Team Series was held in Tampa.

The PIF Saudi Ladies International has been added to the new series, too. This year’s edition of that tournament was played in February, won by Jeeno Thitikul, who took home $675,000 from the $5 million purse, which will remain intact in 2026.

Moving forward, all five of the PIF Global Series will feature team and individual competitions happening simultaneously. Captains, appointed via world rankings points, will draft teams each week.

It’s a positive financial development for the LET, which paid out roughly $39 million in prize money in 2024, compared to the nearly $126 million awarded on the LPGA Tour. The LPGA—which plays much more often in the U.S.—and LET announced a joint venture in 2019, and they have been discussing a merger. However, momentum for that stalled last year.

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

LIV’s $30M New York, Indy Events Move Ahead Despite Questions

LIV Golf New York begins at Trump Bedminster on Thursday.

Jason Wright: Why WNBA Valuations Could Catch Up to NHL

Jason Wright says it could happen, “save for some weird gender bias.”
Jun 28, 2026; Chaska, Minnesota, USA; Nelly Korda takes a tee shot off of hole 1 during the final round of the KPMG Women's PGA Championship golf tournament. Mandatory Credit: Nick Wosika-Imagn Images

Korda Tops Women’s Major Money List—and Nearly the Men’s

Korda earned $4.59 million in prize money at the majors.

Kelsey Plum Deal Headlines Another Quiet WNBA Trade Deadline

The 2026 WNBA trade deadline saw little action.
podcast thumbnail mobile
Front Office Sports Today

8/3/26 – FIFA Scraps World Cup Investment Plan, Dodgers Land Skubal, NCAA’s Eligibility Chaos

0:00

Featured Today

WPBL

Who’s Playing Women’s Professional Baseball?

Sixty players from 11 countries are descending on Illinois for six weeks.
Tom's Watch Bar
July 17, 2026

Sports Bars Are Cashing In From Summer of Soccer

The World Cup has brought a windfall to America’s biggest sports bars.
Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
July 16, 2026

Where World Cup Stars Go to Customize Their Cleats

The world’s best players turn to a Scottish craftsman for perfect cleats.
July 10, 2026

What the World Cup Means to Erling Haaland’s Tiny Hometown

The tournament’s breakout star is from a rural Norwegian town.
July 10, 2026

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.

UFC’s White House Event Lost $30M, but Business Kept Growing

The business grew despite red ink from the June showcase.
Jul 31, 2026; Los Angeles, California, USA; Los Angeles Dodgers pitcher Cole Irvin (38) hands the ball to manager Dave Roberts (30) during the ninth inning against the Boston Red Sox at Dodger Stadium.
August 3, 2026

MLB Trade Deadline Sees Big Market Clubs Trade Top Players

“It just seems like there’s always blowback with us,” the Dodgers manager said.
August 3, 2026

MLS Taps Private Equity Veteran As Next Commissioner

Don Garber had led the league since 1999.
Sponsored

Saints Great Turns to Ownership

Marques Colston discusses the launch of Champions Fund and how he navigated the business world after football
August 2, 2026

Another WNBA Unruly Fan Incident Adds to String of Controversies

Police are investigating the alleged assault as a possible bias crime.
Athletes Unlimited
July 31, 2026

Athletes Unlimited Cancels 2027 Season

Several other women’s winter basketball leagues have launched in recent years.
Jun 6, 2026; Brooklyn, New York, USA; Indiana Fever guards Sophie Cunningham (8) and Caitlin Clark (22) at Barclays Center. Mandatory Credit: Wendell Cruz-Imagn Images
Opinion
July 31, 2026

Sophie Cunningham Is Caitlin Clark’s Bodyguard On—and Off—the Court

The Fever enforcer has become the WNBA’s newest lightning rod.
July 30, 2026

Blazers Defend Arena Pitch in Testy City Council Meeting

The city and team have publicly sparred over the Moda Center.