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Tour News

The “Tiger Effect”: Tiger Woods’ Path to Billions

So far, there have only been two athletes who have become billionaires: American basketball legends LeBron James and Michael Jordan. According to Forbes, probably the best-known business magazine in the world, another athlete has now joined the circle of billionaires: Tiger Woods cracked the 10-digit mark. The composition of the fortune of the golfer, who has so far celebrated more victories than any other, is surprising.

The importance of winning money

Tiger Woods’ net income, estimated by Forbes Magazine at at least one billion dollars, is based only to a small extent on his sporting successes and prize money. After hard years in golf, marked by tour victories, major wins and records, the 46-year-old can boast total prize money of 120,895,206 dollars. A horrendous sum, but one that represents only a small portion of the billions he has earned.

Tiger Woods’ most profitable sources of income

Woods’ key to making money has always been his income from endorsements. As a world-renowned athlete who regularly generates buzz among non-golf fans, Tiger Woods could hardly be more valuable to his advertising partners. Joe Favorito, a veteran sports business consultant, analyzes, “He hit the right time in the right sport, being an athlete with a diverse background who was approachable. Brands love knowing they’re getting someone who is embraced not just by the traditional but also by the casual fans.”

Brands like Monster Energy, TaylorMade, Rolex and Gatorade all benefit from their contracts with the legend – as does Tiger Woods himself. Woods has been working with Nike, his biggest backer, since as early as 1996. James and Jordan were also under contract with the sporting goods manufacturer.

In addition, Woods used his earnings to buy and found companies. Whether golf design, live events, a restaurant or miniature golf courses: Tiger Woods always knows how best to invest his money. ““[He’s] been extremely skillful in taking parts of businesses, in creating their own business, in ways that athletes before them just weren’t,” explains sports agent Leigh Steinberg. Off the golf course, Tiger Woods earns more than $100 million annually.

The “Tiger Effect”

Digitization, which has undergone tremendous development over the last few decades, also made itself felt in golf. Golf tournaments without a TV broadcast have been unthinkable for many years. 95 of the 100 most-watched TV broadcasts last year were sporting events: TV contracts, and with them player salaries, have been skyrocketing since the early 21st century. The influence of Tiger Woods was clearly evident here: the ratings of tournaments in which Woods did not compete were 30 to 50 percent lower than those of tournaments in which Woods did compete. This “Tiger effect” ensured that PGA Tour earnings almost tripled between 1996 and 2008 – Woods’ most successful period.

Phil Mickelson, another major-winning golfer, is also clear about the golf legend’s influence: “Tiger has been the instigator. He’s been the one that’s really propelled and driven the bus because he’s brought increased ratings, increased sponsors, increased interest, and we have all benefited.”

Woods turned down several $100 million from Greg Norman

Considering these incredibly high earnings that have now made Woods a billionaire, it is hardly surprising that Woods turned down an “mind-blowingly enormous” offer from Greg Norman and LIV Golf. According to reports, the Saudi Golf League offered Tiger Woods a high nine-figure sum if he would participate in the LIV Golf Invitational Series. For Woods, who is at home on the PGA Tour, the offer might not have been too tempting – the estimated net worth of at least one billion dollars seems to be enough for him…

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LIV Golf

Bryson DeChambeau officially joins LIV Golf


LIV Golf officially confirms that Bryson DeChambeau will participate in upcoming tournaments of the new series. The American will join June in Portland for the second tournament of the Saudi Golf League.

Welcome @b_dechambeau ?#LIVGolf pic.twitter.com/v0O1BVqwcC

Bryson DeChambeau becomes LIV Golf member

Rumors already surfaced a few days ago that DeChambeau was moving to the LIV Golf Invitational Series along with Patrick Reed. “Bryson has always been an innovator,” his agent let slip about the reports. “The opportunity to be involved in the foundation of something unique has always intrigued him. Professional golf as we know it is changing, and changing fast.” 

The announcement comes as a surprise after DeChambeau said as recently as last week that he was not in a position to risk moves like this. As long as the best players in the world were playing on the PGA Tour, he said, he would play there. While the PGA Tour has made its suspension of LIV golf participants official, it may be the USGA’s announcement not to exclude any already qualified golfers that may have influenced Bryson DeChambeau’s decision.

DeChambeau’s sponsor Rocket Mortgage already reacted and parted ways with the US Open winner. Citing ties to the PGA Tour, the company said, “Rocket Mortgage has been a longtime supporter of the PGA Tour, both in our role as an official partner and as a tournament organizer.”

More LIV Golf participants revealed?

In addition to rumors of Patrick Reed and also Rickie Fowler, the teaser video for the new tournament series also appears to announce Matthew Wolff and Bubba Watson as future members. Both can be seen in the video, although they have not yet been officially confirmed. Pat Perez is also said to have signed a $10 million contract with the Saudis, negotiated with the help of the Gretzkys and Dustin Johnson.

According to a source Pat Perez has signed with LIV for 10 million. They added that Perez is close with the Gretzky’s and they, along with DJ they helped secure the deal. — Monday Q Info (@acaseofthegolf1) June 10, 2022

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Tour News

LIV Golf LIVE: Stream the start of the new tournament series for free

On Thursday, June 9, 48 players will compete in the first event of the LIV Golf Series. The competitive tour will tee it up for the first time at London’s Centurion Golf Club. The entire event around the 48 starters of the LIV Golf Invitational Series is available in a free stream, directly at Golf Post.

Saudi Golf League in a free stream at Golf Post

The LIV Golf events are not broadcast on private (and sometimes paid) channels, but are freely available worldwide via livestream. Golfers can follow the entire event live via the LIV Golf website, YouTube or Facebook. The broadcasts will start at 2 p.m. British time.
But you can also follow Kaymer and Co. on Golf Post. The entire broadcast over three days will be available as a free livestream on Golf Post TV.

The spectacle will be commented by Arlo White, known from the Football Premier League, supported by golf experts. Jerry Foltz will support as an analyst directly from the commentary booth and Su-Ann Heng, former world number one, will be on the golf course as a reporter. The team will be followed by other former Asian Tour players and long-drive champions. The broadcast will feature footage from more than 50 cameras and more than 60 microphones on the course, which LIV Golf says will create “a new kind of golf broadcast.”

Broadcast times:
Thursday June 09, 2022: Starting at 2 p.m. on Golf Post, Youtube and livgolf.com
Friday June 10, 2022: 2 p.m. on Golf Post, Youtube and livgolf.com
Saturday 11 June 2022: 2 p.m. on Golf Post, Youtube and livgolf.com

LIV Golf Invitational Series Livestream

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Tour News

LIV Golf Invitational Day 1

Charl Schwartzel leads after the first round of the LIV Golf Invitational Series. Martin Kaymer and Bernd Wiesberger start only moderately into the controversial tournament.

The mood around the LIV Golf Invitational Series heated up again shortly before the start with numerous news. But then the time had finally come and the controversially discussed tournament of the Saudi Golf League opened its first round with a cannon start at the Centurion Club in London. After the first of three days of the tournament, Charl Schwartzel leads with five strokes under par. Behind him is his compatriot and teammate Hennie du Plessis at 4-under par. Phil Mickelson, who joined the field late, is T7 with -1, just like headliner Dustin Johnson.

For a long time, Phachara Khongwatmai claimed the top spot in the field until Charl Schwartzel made a final spurt towards the end of the round and secured the sole lead with a birdie on his last hole, while Khongwatmai made one of his few mistakes.

The PGA Tour waited until the first players had teed off in London to announce the suspension of participants. The Tour had previously denied the players permission to play in the tournament, which is funded by the Saudi government’s Private Investement Fund (PIF) and with which Greg Norman wants to build a rival tour to the PGA.

Martin Kaymer and Bernd Wiesberger on the Saudi Golf League
Neither Martin Kaymer nor Bernd Wiesberger got off to a particularly good start in the tournament. Martin Kaymer did deserve the honor of the first birdies of the tournament, but that ultimately came to little fruition with a round of +4. Thus he occupies T34 at the beginning of the tournament. Even further behind, Bernd Wiesgerber is alone in 45th place with +7 and thus only three places away from the end of the leaderboard.

Stroke of the day can be none other than this almost albatross by Wade Ormsby, who thus almost caused a sensation on the first event day of the Saudi Golf League.

Almost albatross glory ? ?#PUNCHGC captain @wadeormsby going pin hunting #LIVGolf pic.twitter.com/7cN6b6JvTO — LIV Golf (@LIVGolfInv) June 9, 2022

Top 5 of the LIV Golf Invitational Series

1 – Charl Schwartzel (-5)
2- Hennie du Plessis (-4)
3- Phachara Khongwatmai (-3)
3- Scott Vincent (-3)
5- Justin Harding (-2)
5 – Branden Grace (-2)

In addition to the individual standings, the team standings also played a role in the LIV Golf Invitational Series. Here, the South Africans dominated with Team Stingers led by Louis Oosthuizen, even though the captain showed the weakest performance of his team with +2. But since only the best two results of a team on Thursday and Friday are included in the ranking, the team with -9 by Schwartzel and du Plessis easily maintains the lead. Far behind in second place with -3 strokes are the Crushers led by Peter Uihlein. Unsurprisingly, it is Phachara Khongwatmai who brought in the points for this team, along with the team captain who is at Even Par himself. Also in 2nd place is Mickelson’s team of Hy Flyers, which Mickelson’s three birdies in four holes towards the end of the round put him ahead, as well as Justin Harding, who is T5 at -2.

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LIV Golf

PGA Tour suspends players from LIV Golf Invitational Series

The PGA Tour had been threatening sanctions for those players who would turn their backs on the PGA Tour and participate in the LIV Golf Invitational Series events for several weeks. Some players – including Phil Mickelson, Martin Kaymer, Ian Poulter and Lee Westwood – were not impressed by this and teed off on the first day of the LIV Golf Event in London. The PGA Tour’s receipt followed just minutes later.

Jay Monahan responds to LIV Golf

A two-page letter from PGA Tour commissioner Jay Monahan bans players participating in the first Saudi Golf League event, as well as players who plan to participate in future events in the series, from PGA Tour tournaments. The letter states, “Simultaneous to you receiving this memo, [those] players are being notified that they are suspended or otherwise no longer eligible to participate in PGA Tour tournament tournament play.” It is not yet clear for how long this suspension will last. Nor is it known if and, if so, how the players might return to the PGA Tour.

As if that were not enough, the players will also be removed from the FedEx Cup points list and will not be allowed to participate in PGA Tour events as non-members through a sponsor exemption or other eligibility category.

The suspension applies not only to participation in PGA Tour tournaments, but also to events on the other PGA Tour tours: the Korn Ferry Tour, PGA Tour Champions, PGA Tour Canada and PGA Tour Lationamérica. Last but not least, players will also no longer be able to participate in the Presidents Cup.

Jay Monahan explained the consequences of the PGA Tour’s decision: “As you know, [those players] did not receive the necessary conflicting event and media rights releases – or did not apply for releases at all – and their participation in the Saudi Golf League / LIV Golf event is in violation of our Tournament Regulations.” Neither player will be allowed to participate in PGA Tour tournaments as a non-member via a sponsor exemption or other eligibility category.

So far, 17 players have been affected by the suspension. Ten of them have already resigned from the PGA Tour before the announcement: Sergio Garcia, Branden Grace, Dustin Johnson, Martin Kaymer, Graeme McDowell, Kevin Na, Louis Oosthuizen, Turk Pettit, Charl Schwartzel and Lee Westwood. The remaining players hit by the suspension are Talor Gooch, Matt Jones, Phil Mickelson, Andy Ogletree, Ian Poulter, Hudson Swafford and Peter Uihlein.

Quick reaction of the Saudi Golf League

The Saudi Golf League shows shortly after the statement of the PGA Tour visibly attacked. It also issues a statement on Twitter, albeit much shorter: “Today’s announcement by the PGA Tour is vindictive and it deepens the divide between the tour and its members. It’s troubling that the tour, an organisation dedicated to creating opportunities for golfers to play the game, is the entity blocking golfers from playing. This certainly is not the last word on this topic. The era of free agency is beginning as we are proud to have a full field of players joining us in London, and beyond.”

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LIV Golf

US Open withdraw: Tiger Woods gives his body “even more time”

The third major of the year will take place next week at the Country Club in Brookline. However, Tiger Woods will not be taking part in the US Open 2022. The 15-time major winner published a statement on Twitter in which he explained his decision.

Tiger Woods: “My body needs more time”

After his serious car accident in February 2021, Tiger Woods had taken a lot of time to get back on his feet. After holding on for four rounds at the Masters in April, he had to abandon the second major of the season after three rounds. At the PGA Championship, the 46-year-old’s strength was simply no longer enough. Now the superstar confirmed on his social media channels that he had decided against participating in the third major of the year. The reason: his continued less than optimal physical condition. In his statement, Woods explained that his “body needs more time to get stronger.” He has already informed the USGA of his decision.

Tiger Woods plans with the Open Championship 2022

The Open Championship will be held in Scotland from July 14 to 17. The fourth major of the season is also high on Tiger Woods’ agenda. In his statement on Twitter, he gives his fans hope: “I hope and plan to be ready to play in the Open next month. Looking forward to being back soon.” Back in April, Woods stated in an interview that he was already looking forward to St. Andrews: “It’s my favorite golf course in the world, so I’ll be there.” Whether he can actually compete there in July remains to be seen. In the end, he will have to listen to his body.

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LIV Golf

Phil Mickelson: “I’m ready to come back”

On February 22, Phil Mickelson spoke out on Twitter and announced a break from professional golf. Since then, he hasn’t played an official tournament and took time out with his family to reflect on his critical statements towards the PGA Tour. After much speculation about when Mickelson would finally return to the big stage, there is now certainty: the American will make his comeback at the opening event of the LIV Golf Invitational Series in London.

Phil Mickelson speaks of a “fresh start”

These were certainly not pleasant times for Phil Mickelson, who had to take some criticism after his statements about the PGA Tour. So it’s no wonder that he needed time for himself in recent months and, according to his own statements, was also undergoing therapy. However, it seems that exactly this has helped him, because in a statement on his Twitter account, the 51-year-old confirms that he now feels “healthy and much calmer”. He also apologized again to his fans for his lapses, but is aware that he still has a long way to go.

However, a fresh start from a sporting perspective will come sooner than some might have thought: “I’m ready to return to play the game I love, but after 32 years, this path is a fresh start for me” By fresh start, Mickelson is referring to the controversial LIV Golf Invitational Series, confirming in his statement, “I’m very excited to be starting with LIV Golf.”

Fans criticize his decision

The first event of Greg Norman’s newly founded series will start on June 9 at the Centurion Club in London. In addition to Phil Mickelson, Dustin Johnson and Martin Kaymer will also be among the participants. Although Mickelson has already apologized in advance to his fans for this move, many criticize him for his decision. “I fully realize and respect that some disagree with this decision and have strong opinions, and I understand that” Mickelson wrote on Twitter.

Fans accuse him of being money-hungry and also vent their displeasure on social media:

According to speculation, Mickelson has signed a contract that is expected to pay him around $200 million. However, there is no official confirmation of this.

Tiger Woods rejects immoral offer

In addition to Phil Mickelson, Greg Norman apparently also wanted to poach Tiger Woods from the PGA Tour for his newly founded league. In an interview with the Washington Post, the Australian confirmed that Woods had been made an “incredibly high offer. However, the 15-time major winner declined. Just how enormous the offer really was becomes clear when Norman goes into more detail about the figures: “We’re talking about a high nine-figure sum here.” How high the sum really was will probably remain a secret. However, it is not unlikely that it went in the direction of $1 billion. By way of comparison, during his time as a professional athlete, Tiger Woods earned around $121 million on the world’s golf courses.

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LIV Golf

For Saudi League: Dustin Johnson gives up PGA Tour membership

Dustin Johnson has resigned his membership on the PGA Tour to play in the Saudi Arabia-funded LIV Golf Invitational Series, according to the BBC. The tour, run by Greg Norman, lures American and European stars with horrendous entry bonuses and prize money beyond that of the four major tournaments. This week, the first tournament of the “Saudi League” is scheduled to take place in London. Martin Kaymer and Bernd Wiesberger are also on the start list.

Johnson reportedly signed a contract that commits him to playing in all eight tournaments, starting with Thursday’s at the Centurion Club in London. The BBC quotes the 37-year-old as saying, “I don’t want to play for the rest of my life. This gives me the opportunity to do what I want to do.” The two-time major winner has earned nearly $75 million in prize money alone so far in his career.

Before Johnson, Kevin Na had already declared he would rest his membership on the PGA Tour and tee off this week in the controversial tour’s first tournament. Phil Mickelson has also announced that he will compete in the LIV Golf Invitational Series after a five-month break. What consequences this will have for the players on the PGA Tour and the DP World Tour has not yet been finally clarified. The PGA Tour had always threatened to ban the renegades for life. So far, there have been no statements from Europe’s top circuit as to how those players who actually play in London will be dealt with. For the American Ryder Cup team, “DJ” will probably no longer be allowed to compete. “The Ryder Cup is incredible and has meant a lot to me, but in the end I made the decision that was best for me and my family,” Johnson said.

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LIV Golf

LIV Golf: Martin Kaymer and Dustin Johnson in the field for first event

Speculation has been rife for a long time, but now the LIV Golf Invitational Series has announced the field for next week’s event at London’s Centurion Club. 42 of 48 players have already been selected for the three-round tournament, with a few spots still open. It was announced a few weeks ago that Martin Kaymer also wants to play in the team event, which is endowed with 25 million dollars. Besides the German Major winner, Bernd Wiesberger will also take part in the rival event to the PGA and DP World Tour. Surprisingly, Dustin Johnson has also changed his mind and is now the main mover of the event in the UK’s capital.

“Too compelling to pass up”

“Dustin has been contemplating the opportunity off-and-on for the past couple of years,” Johnson’s manager, David Winkle with Hambric Sports, said in a statement (Golf Channel). It was only in February that Dustin Johnson became one of many stars to declare his allegiance to the PGA Tour via a statement. “Ultimately, he decided it was in his and his family’s best interest to pursue it. Dustin has never had any issue with the PGA Tour and is grateful for all it has given him, but in the end, felt this was too compelling to pass up.” So the new competition series, financed by Saudi Arabian money, has succeeded after all in landing a real top-class player in the form of the world number 13 and two-time major winner.

Martin Kaymer in the mix, question about Mickelson

Moreover, the major winners and former world number one announced by Greg Norman can be found in the field of participants. As expected, Martin Kaymer will tee off at the Centurion Club alongside Johnson. In addition, there are names like Lee Westwood, Sergio Garcia, Louis Oosthuizen and Ian Poulter. Austrian Bernd Wiesberger will also take part in the opening event of the LIV Golf Invitational Series, as will other players from the DP World Tour, and will compete for the winner’s cheque of four million dollars (!).

Phil Mickelson, who was also linked to the new Saudi league, discarded himself with unspeakable statements with the PGA Tour and subsequently took time off, is incidentally not on the list published on Tuesday night. The six-time major winner, who also cancelled his title defence at the 2022 PGA Championship, is therefore unlikely to end his golfing break – as of now. However, only 42 of 48 starters have been announced. Five places are still to be left open for qualifiers from the Asian Tour, one place would then still be free. Jason Kokrak, who had openly flirted with the change, is also missing from the list.

LIV Golf Invitational Series criticised

The tournament series led by Greg Norman has been criticised because it is fed with money from the Public Investment Fund, which is largely in Saudi Arabian hands. The government of the state is accused of numerous human rights violations, which are supposed to be whitewashed with so-called “sports washing”. In the eight-tournament series, 48 players in twelve teams will compete against each other. Since there is no cut, even the last player will still receive a guaranteed fat cash prize. PGA Tour and DP World Tour had reacted to the requests of their players to be allowed to participate in the new competitive tour with tough rejections. It remains to be seen what the consequences will be for participation in the events of the LIV Golf Invitational Series.

The field of participants for the opening event

Oliver Bekker
Richard Bland
Laurie Canter
Ratchanon Chantananuwat (Amateur)
Hennie Du Plessis
Oliver Fisher
Sergio Garcia
Talor Gooch
Branden Grace
Justin Harding
Sam Horsfield
Dustin Johnson
Matt Jones
Sadom Kaewkanjana
Martin Kaymer
Phachara Khongwatmai
Sihwan Kim
Ryosuke Kinoshita
Chase Koepka
Jinichiro Kozuma
Pablo Larrazabal
Graeme McDowell
Jediah Morgan
Kevin Na
Shaun Norris
Andy Ogletree
Louis Oosthuizen
Wade Ormsby
Adrian Otaegui
Turk Pettit
James Piot (Amateur)
Ian Poulter
David Puig (Amateur)
JC Ritchie
Charl Schwartzel
Hudson Swafford
Hideto Tanihara
Peter Uihlein
Scott Vincent
Lee Westwood
Bernd Wiesberger
Blake Windred

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Tour News

Eduardo Molinari named as vice captain for 2023 Ryder Cup

Henrik Stenson has named Italian Edoardo Molinari as his second Vice Captain for the 2023 Ryder Cup which will be played at Marco Simone Golf and Country Club in Rome, Italy from September 25 – October 1, 2023.

Molinari, alongside his brother Francesco, was part of the victorious European Team in the 2010 Ryder Cup at The Celtic Manor Resort in Wales. He has also won three times on the DP World Tour, previously known as the European Tour, and has made 356 Tour appearances to date.

The 41-year-old is Stenson’s second Vice Captaincy appointment, following the announcement earlier this month of Dane Thomas Bjørn, the successful 2018 European Captain.

Molinari will undoubtedly be a popular addition to Team Europe amongst the home support when Italy hosts the biennial contest for the first time next year.  

“It’s fantastic to be Ryder Cup vice-captain”

He said: “It is fantastic. I played the Ryder Cup in 2010 and to be able to be a Vice Captain in this one is a dream come true. It was a very unexpected call from Henrik. We had chatted a few times about stats and what I could do to help the team, but I never expected this.

“Knowing Henrik, he will leave no stone unturned. He will do everything he can to win the Ryder Cup back. It will be a lot of fun for all the guys playing for him too. He has always been a very friendly guy, and is always smiling, so I think it will be a fantastic atmosphere in the team room.

“The Italian fans will be loud and passionate at Marco Simone. For the players, it will be a lot of fun to play in front of such supportive crowds. Rome is a fantastic city, one of my favourites in the world. It is going to be a great week overall and I am very happy that the players will get to experience Rome.”

Stenson said: “I’m delighted to welcome Edoardo to the 2023 European Ryder Cup team as a Vice Captain. I’ve known him for a long time and he is obviously a Ryder Cup player himself. He is really into stats and he works with a few of the players who will potentially be on my team.

“I asked him if he would do me the honour of joining the team and he was delighted to. I’m very happy to have him on board and I’m very much looking forward to his input and to lean on his experience. With him being Italian, it is going to be an extra special week for him.

“I envisage Thomas and Edoardo as the working group that I will lean on for the foreseeable future. There will be a lot of healthy discussion and input between us. I’m delighted to have both of them as part of Team Europe.”

The Molinaris have a successful Ryder Cup history

Molinari and his brother Francesco followed compatriot Costantino Rocca into Ryder Cup folklore when they represented Europe in the Ryder Cup in 2010 at The Celtic Manor Resort in Wales.

The Molinaris became the first brothers to compete against the United States since Bernard and Geoffrey Hunt played in the 1963 Great Britain & Ireland team, when they played in the 2010 contest at The Celtic Manor Resort in Wales. They halved their fourball match against Stewart Cink and Matt Kuchar, while Edoardo contributed another crucial half point in his singles match against Rickie Fowler as Europe triumphed 14½-13½.

In addition to his three victories on the DP World Tour, Molinari was also the Challenge Tour Number One in 2009 and was, for a number of years, a respected member of the DP World Tour’s Tournament Committee.

Before turning professional Molinari won the 2005 US Amateur Championship and alongside Francesco, claimed the World Cup of Golf for Italy in 2009 at Mission Hills in China.

(Text: EUROPEAN TOUR GROUP COMMUNICATIONS)