Report: LIV Golf boss was 'LIVID' with private jet video of mega-rich golfers
LIV Golf's backers will stop paying their team expenses from 2024, as they look to unlock the franchise aspect of the breakaway tour.
The LIV Golf League is planning to stop paying all travel expenses for their players from 2024.
Money has always been such a huge talking point with the breakaway tour.
Ryder Cup stars, major champions and some of the game's hottest prospects were convinced to sign on the dotted line with LIV in exchange for dizzying sums of money.
Phil Mickelson is said to have commanded a fee of $200m. Dustin Johnson reportedly agreed a deal worth $125m. Brooks Koepka? Around $100m. Likewise Bryson DeChambeau.
Related: Mickelson experiences a career first
The LIV players also take home a minimum of $120,000 per event from the guaranteed prize purses of $25m on offer.
Despite this, the venture led by Greg Norman has always maintained they are hoping to become profitable.
As recently as last December Norman claimed LIV's backers absolutely do want a return on their investment as he sent some more daggers to Tiger Woods and Rory McIlroy.
"Golf has been stuck in a box for 53 years," he said.
Apparently this year, LIV execs are hoping to rein in the 68-year-old Australian.
FirePit Collective reporter Alan Shipnuck has reported that each LIV Golf League team are being urged to ensure money is used wisely.
There is a travel stipend for the 2023 season. But from 2024, LIV will no longer be paying for travel expenses.
Money won in the team element will have to be saved.
If you didn't know, some of the team captains own 25 per cent equity stakes in their sides.
The aforementioned Norman believes the franchise model has 'huge potential'.
Shipnuck reported:
Images previously circulated of players enjoying the high life on the 747s that LIV Golf had supplied to take the players to each destination in their inaugural season.
Shipnuck further reported that Yasir Al-Rumayyan was "livid the decadence on display".
Related: Judge rules PGA Tour can sue PIF, Al-Rumayyan
Whether or not LIV Golf can get truly get there remains to be seen. Another path to profitability is of course media deals.
LIV played their first of 14 events last week in Mexico and broadcasted on The CW for the first time.
The figures from how many watched Saturday and Sunday's broadcasts have now been confirmed.
Ben joined the GolfMagic team in September 2021, initially as a content executive.
These days, he assumes the position of content manager.
