• Loading stock data...
Friday, January 23, 2026

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.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jun 12, 2025; Oakmont, Pennsylvania, USA; Rory McIlroy plays his shot from the 12th tee during the first round of the U.S. Open golf tournament.

TaylorMade CEO Says Company Could Be Sold by End of 2026

The golf-equipment manufacturer is exploring strategic options.

WNBA Could Be Weeks Away From Delaying Season

The league still has not responded to a December proposal from players.

Spirit Close Deal With Rodman As NWSL Labor Dispute Looms

The NWSLPA filed a grievance against the league’s “High Impact Player” rule.

Featured Today

Sports Goes All In on Non-Alcoholic Drinks Boom

Athletes, teams, and leagues are pouring money into the NA beverage category.
Tulsa Portal House
January 16, 2026

Inside the Tulsa Portal House: ‘This Will Translate to Wins’

The Golden Hurricane set up an over-the-top battle station for football recruiting.
Black Rabbit
January 10, 2026

The Netflix Star Who Makes Sure NBA Players Have Clean Towels

How a Nets staffer landed a breakout role on “Black Rabbit.”
January 9, 2026

NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly

With no dress code, impeccably dressed players are seeing big-money deals.
LIV Golf team 4Aces GC at Dutchman's Pipe in West Palm Beach, Florida, USA.

What Do LIV Golf’s Team GMs Do? ‘Wear a Lot of Hats’

The GM of Dustin Johnson’s LIV team functions like a one-man C-suite.
January 21, 2026

WNBA Announces Schedule Despite Lack of New CBA

The league plans on playing 44 games this year.
Napoli Basketball
January 21, 2026

Italy’s Napoli Basketball Wants In on NBA Europe or EuroLeague

Napoli’s owner met with EuroLeague’s CEO and hopes to meet with the NBA soon.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
Dec 8, 2025; Orlando, FL, USA; MLB Hall of Fame inductee Jeff Kent takes questions from the media during the 2025 MLB Winter Meetings at Signia by Hilton Hotel
January 20, 2026

Baseball Hall of Fame’s Class Size Impacts the Shrine’s Bottom Line

The full impact of its 2026 induction class is taking shape.
May 13, 2024; Louisville, Kentucky, USA; A PGA of America flag during a practice round for the PGA Championship golf tournament at Valhalla Golf Club
January 19, 2026

PGA of America Sees More Leadership Churn Ahead of Show

A third high-profile departure has hit the PGA of America.
exclusive
January 16, 2026

WNBA Exploring Buying Back 16% Stake Sold in 2022

The league sold the $75 million stake when it badly needed capital.
Apr 12, 2025; Augusta, Georgia, USA; Fans cheer for Bryson DeChambeau on the no. 18 green during the third round of the Masters Tournament at Augusta National Golf Club
January 16, 2026

SeatGeek Is First Reseller to Drop Masters Tickets After Crackdown

Last year, ticket resellers were hit hard by Augusta National.