KING ABDULLAH ECONOMIC CITY, Saudi Arabia — Two years after it first invested in ladies’s golf, Golf Saudi is elevating the prize cash of the Aramco Saudi Women Worldwide from $1 million to $5 million, making it equal to the boys’s prize fund and the seventh-highest in all of ladies’s golf.
The Saudi Women Worldwide, with the Saudi Arabian sovereign wealth fund as a presenting sponsor, is a part of the Women European Tour. The winner will get $750,000, extra or equal to your entire purse of 27 tournaments on the LET.
The Saudi Worldwide, now a part of the Asian Tour, raised its purse to $5 million this yr for the match gained by Harold Varner III.
“For the ladies to have a prize fund equal to the boys is a daring assertion and an important assertion that wanted to be made,” Alexandra Armas, the LET commissioner, stated Thursday. “But additionally from a sensible perspective, it has an infinite influence on very gifted athletes which have an opportunity to compete for very important cash.”
Armas spoke from the Aramco Staff Sequence-Jeddah, the fifth occasion within the collection this yr. Nelly Korda in Spain and Lexi Thompson in New York are among the many winners of the Aramco Staff Sequence this yr.
The Public Funding Fund is also the funding supply of LIV Golf, which accomplished its first season of eight occasions that provided $25 million in prize cash to 48-man fields, with $50 million for the group finale.
LIV Golf chief government Greg Norman informed The Sydney Herald and The Age in Australia final month that “if there’s a chance for us to have an open dialog and dialogue with ladies, I am very a lot on the forefront of that.”
Georgia Corridor, a former Girls’s British Open champion, gained the Aramco-sponsored Saudi Women Worldwide in March. Subsequent yr’s match is Feb. 16-19.
“It is such an excellent assertion,” Corridor stated. “I feel it would encourage different corporations, hopefully, to additionally elevate the bar for future occasions going ahead.”
The $5 million purse trails solely the 5 main championships and the CME Group Tour Championship on the LPGA Tour, to be performed subsequent week at Florida with a $7 million purse. The winner will get $2 million, the largest payout in ladies’s golf historical past.
The LPGA Tour and LET function underneath a three way partnership that started within the fall of 2019. Lydia Ko gained the Saudi Women Worldwide in 2021 over Atthaya Thitikul, presently the No. 1 participant in ladies’s golf.