Report: LIV Golf set to up their prize purses from 2026

LIV Golf are reportedly planning on upping their prize purses from 2026, according to a report. 

Ever since the PIF-backed league launched in June 2022, competitors in LIV events have been playing for staggering purses of $25m. 

Of that sum, $20m is split between individuals and the remaining $5m is shared between the top three teams. 

But Sports Business Journal are reporting that is all set to change next year when the breakaway embarks upon their fourth campaign. 

According to SBJ, purses will be upped to $30m in 2026, with the extra money going towards the team element. 

Saudi Arabia's Public Investment Fund owns 75 per cent of the team franchises, with franchise captains owning the remaining equity. 

Those franchise captains include the likes of Bryson DeChambeau, Jon Rahm, Dustin Johnson, Martin Kaymer, Brooks Koepka, Sergio Garcia, Phil Mickelson, Kevin Na, Ian Poulter, Henrik Stenson, Lee Westwood, Bubba Watson, Louis Oosthuizen and Joaquin Niemann. 

The report adds that LIV are planning on making more signings in the coming months, but lucrative signing-on bonuses are 'a thing of the past'. 

LIV boss refuses to outline details for renewed OWGR bid

News broke before the final men's major of the year that LIV submitted a fresh application to be recognised by the sport's global rankings body. 

Their bid was lodged on 30 June and former Masters champion turned Official World Golf Ranking chairman Trevor Immelman has promised the governing body will give LIV a fair and thorough review. 

The OWGR met during The Open at Royal Portrush two weeks ago and SBJ have claimed LIV could receive OWGR recognition for the 2026 season. 

What hasn't been outlined, however, is what changes LIV are planning to make.

When LIV's first bid was rejected, then-chairman Peter Dawson explained the OWGR took issue with limited access to the league. 

Any issues pertaining to the format could be addressed with a simple mathematical formula, he said. 

New R&A chief executive Mark Darbon did not offer details when he was asked what changes have been proposed. 

And LIV's chief executive, Scott O'Neil, was also light on the details when he was quizzed about the topic last week in Staffordshire. 

O'Neil said he has held lots of talks with Immelman, but details of their conversations will remain private.

"[Immelman has] been a good source of encouragement, push-back, debate, and we've both agreed to keep those conversations between the two of us until we take another step forward," he said.