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Saudi-backed LIV Golf to host event at Rich Harvest Farms

LIV Announces Invitational Series of 8 Events with Charitable Donations to Local Stakeholders

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Rich Harvest Farms (pictured) will host one of eight events in the LIV Golf Invitational series from September 16-18. The series is backed and sponsored by LIV Golf Investments, which is majority owned by PIF, a Saudi-backed investment company.

What there is to know

  • LIV Golf Investments has announced an invitational series of eight multi-million dollar events
  • Rich Harvest Farms, home to NIU Golf, has been selected as one of four sites hosted in the United States
  • Donations should come as part of the tournament
  • LIV Golf is backed by PIF, the Wealth Fund for Saudi Arabia

DeKALB— Rich Harvest Farms, the home course and practice facility for the NIU Golf Programs, will host one of eight inaugural events in the LIV Golf Invitational Series, September 16-18. The news comes after months of speculation over the fate of the Saudi-backed golf company and the impact it could have on major golf tours.

The LIV Golf Invitational series is set to begin on June 9 and will take place around the world, with more than $250 million in purses available, according to a Press release from LIV Golf.

The series will not be structured as fans are used to seeing it when it comes to professional golf events.

There will be no individual tests. Instead, the series will consist of 48 players who will be paired into 12 four-man squads that will rotate based on draft order, according to the statement.

“Our events really add to the world of golf,” said Greg Norman, CEO of LIV Golf Investments, in a press release.

The first seven regular season events will include a $25 million purse, $20 million for individual awards and an additional $5 million for team format. The final will offer up to $30 million to the top three and an additional $50 million to teams.

Charitable contributions coming to venues

LIV also plans to engage in “major charitable contributions” as part of its tournament model.

Some of the charities and organizations that stand to benefit from having a LIV event hosted by Rich Harvest Farms include the Kids Golf Foundation of Illinois, established by Rich Harvest Farms founder Jerry Rich, Ukrainian refugee groups and NIU, according to a Rich Harvest Farms Press Release.

LIV Golf Investments is operated by Greg Norman and is backed by PIF, Saudi Arabia’s sovereign wealth fund, which is estimated to have nearly $430 billion in domestic and international investments, according to Investopedia.

The unknowns of events

The 48 members of the next invitational series have yet to be announced, as the PGA Tour has threatened to ban those players for life.

PGA Tour commissioner Jay Monahan said during last week’s Players Championship that the Tour is getting beyond the question.

“The PGA Tour is moving forward,” Monahan said. “We have too much momentum and too much (to) accomplish to (be) constantly distracted by rumors of other leagues.”

The series also hasn’t announced any TV broadcast partnerships, but says the events will be “broadcast around the world.”

Three months away from the first event, the golf community will continue to watch developments.