LIV Golf snubbed as tournament set for prize money | Golf News

The Australian Open is set to obtain a prize-money enhance after rejecting curiosity from LIV Golf in favor of the European circuit.

The DP World Tour will keep its partnership with Australia’s premier golf event following a not too long ago negotiated deal, per Code Sports. Notably, Rory McIlroy bypassed Tiger Woods’ 2025 Hero World Challenge last 12 months to compete in the tournament.

LIV Golf had been hoping to bolster national opens and major tournaments with further prize money, as they’ve just a handful of occasions remaining, three of that are scheduled in the United States. Instead, the newly secured deal with the DP World Tour will see prize money climb from its current degree of $2 million, starting in 2027.

The settlement is reportedly a three-year extension, working through the end of 2029. The Australian Open was said to be “near the top of their (LIV’s) agenda” due to the exceptional success of the Adelaide event, according to Today’s Golfer.

McIlroy performed a important position in elevating the profile of the Australian Open, as the Saudi-backed circuit now confronts a potential shutdown amid a important investment shortfall. “LIV Golf is firmly focused on securing a transaction that positions the organization for the long term,” a LIV Golf spokesperson said. “As we begin presenting our go-forward business plan to prospective capital partners, we are focused on achieving a sustainable future, and there are multiple pathways under active exploration.

“We continue to see great momentum on the course, and with help through the 2026 season and a clear plan to raise capital, management is targeted on figuring out the suitable long-term strategic companions who imagine in our mission to grow the sport of golf worldwide. These conversations are just getting underway, and as they progress, the company expects to gain additional readability around the construction and timing of a potential transaction.”

The PIF reportedly poured $5 billion into funding LIV Golf after it began luring the PGA Tour’s biggest names with lucrative contracts in 2022.

Among those stars are Bryson DeChambeau and Jon Rahm, both of whom face uncertain futures amid the potential collapse of LIV Golf.

“I believe, from my perspective, I’d love to grow my YouTube channel 3 times, perhaps even more,” DeChambeau said at LIV Golf Virginia.

“I might love to. I’d love to do a bunch of dubbing in different languages, giving the world more cause to watch YouTube. And then I’d love to play tournaments that need me.”