Thursday, April 30, 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.

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

Saudi PIF Confirms LIV Exit; League Creates New Exec Board

The league is searching for new investors to try to survive.

Reports Reignite Talk of Saudi PIF’s LIV Golf Exit

The Saudi PIF will not fund LIV after the 2026 season.

NWSL to Keep Calendar for Rest of Decade After Player Pushback

Most players oppose a calendar flip, the players’ association says.
Jan 10, 2026; Lecanto, Florida, United States; The LIV Golf Promotions trophy is displayed on the first tee during the third round of the LIV Golf Black Diamond Ranch golf tournament at Black Diamond Ranch.

Louisiana Expecting LIV Golf to Repay $1.2M for Canceled Event

LIV Golf Louisiana was scheduled for June 25–28.

Featured Today

INDIANAPOLIS, INDIANA - MARCH 25: Caitlin Clark of the Indiana Fever sits on the baseline and makes photographs during the Indiana Pacers game against the Los Angeles Lakers at Gainbridge Fieldhouse on March 25, 2026 in Indianapolis, Indiana.

Why Athletes Are Moonlighting As Sports Photographers

Athletes are swapping courtside seats for sideline cameras.
Quinnipiac women's varsity rugby
April 21, 2026

The Death of Quinnipiac Women’s Varsity Rugby

The sudden decision at Ilona Maher’s alma mater left players blindsided.
April 17, 2026

The Lawyer Steering the NIL Era

In the new era of college sports, Darren Heitner is everywhere.
blake griffin
April 14, 2026

Inside Blake Griffin’s Rookie Season at Prime Video

The six-time All-Star was initially hesitant to enter the media space.
Paul Rabil
April 29, 2026

Next on the Premier Lacrosse League Roadmap: Team Owners

The PLL’s eight teams are currently all owned by the league.
April 29, 2026

NBA Execs Question New Anti-Tanking Proposal: ‘Doesn’t Make Sense’

Adam Silver sent GMs a new lottery proposal Tuesday.
Sponsored

Why Brandon Marshall Bet on Athlete-Owned Media

Brandon Marshall on athlete media, life after football, building I AM ATHLETE.
Mar 8, 2025; Orlando, Florida, USA; Rory McIlroy plays his shot from the third tee during the third round of the Arnold Palmer Invitational golf tournament at Bay Hill.
April 28, 2026

5 of Top 15 Ranked PGA Tour Players Skipping Trump Doral Return

Rory McIlroy and others are not playing the $20 million event.
April 28, 2026

NWSL Tables Vote to Flip Calendar After Player Opposition

Most players are against a fall-to-spring schedule, the NWSLPA said.
April 27, 2026

LIV Golf’s New Orleans Debut Set to Be Canceled After Funding Questions

The league was set to debut in New Orleans this summer.
PWHL
April 27, 2026

PWHL Eyes Mainstream Breakthrough As Playoffs Begin

The start of the PWHL Playoffs brings no shortage of storylines.