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LIV Golf to Stop Covering European Players' Hefty Fines: Report

LIV Golf to Stop Covering European Players' Hefty Fines: Report

Newsweek4 days ago
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Since LIV Golf's inception, many fans and experts have speculated about the eventual end of its seemingly endless resources. It's not that anyone thinks the wealth with which Saudi's Public Investment Fund backs LIV is close to drying up, but they do think that, at some point, the PIF will put a stop to the league's massive expense bill.
Well, it looks like that time has come.
A report from The Telegraph asserts that LIV Golf has informed its players that it will no longer cover fines imposed by the DP World Tour. This measure will take effect as early as next September, after the conclusion of the Ryder Cup, according to The Telegraph.
This is a matter of key importance, perhaps not for current players, but certainly for future ones. European stars such as Sergio Garcia, Jon Rahm, and Tyrrell Hatton have been fined by the DP World Tour. Having LIV money as a backup in this regard must be appealing.
LIV Golf logo is seen on the 18th hole on day one of LIV Golf Mexico City at Club de Golf Chapultepec on April 25, 2025 in Mexico City, Mexico.
LIV Golf logo is seen on the 18th hole on day one of LIV Golf Mexico City at Club de Golf Chapultepec on April 25, 2025 in Mexico City, Mexico.According to estimates by The Telegraph, the league has paid $20.3 million in fines imposed on its players so far, $1.4 million of which corresponds to Garcia. It is also expected to pay between $10.8 million and $13.5 million for Rahm and Hatton, should they lose their appeals against the DP World Tour fines.
The report cites an anonymous source, who highlighted the implications this could have for the 2027 Ryder Cup.
"There would be outrage if the Tour caved in," the insider said, per the report. "The point is that the Tour fully expected the peace negotiations between the PGA Tour and the Saudis to have been settled by now, so they kicked this can down the road happy in the belief it wouldn't matter. But with no deal in the pipeline – anything but, in fact – there is a huge problem looming.
"And at this point, unless the impasse between the two parties is broken, or the Tour changes its rules or even quits the strategic alliance with the PGA Tour and rows in with the Saudis, it is inevitable that the Europe Ryder Cup will be weakened for the match in Ireland in 2027. These are uncertain times and there is a lot of angst about what happens next."
🚨🏆💰 #NEW: LIV Golf has informed its players that they will stop paying DP World Tour fines on their behalf beginning next year, casting doubt about whether some LIV golfers will be able to maintain their membership on the European circuit and keep Ryder Cup eligibility. Jon… pic.twitter.com/Edx3ZuOuST — NUCLR GOLF (@NUCLRGOLF) July 24, 2025
LIV Golf, the Fines, and the Ryder Cup
As is known, with the emergence of LIV Golf, the PGA Tour banned players who signed with the league. The DP World Tour did not follow suit, but did rigorously apply fines to its players who missed European tournaments because they were playing on the breakaway circuit.
The issue has generated great controversy from the start, with legal battles, membership withdrawals, and a war of words on both sides. But the crux of the matter has been eligibility for the Ryder Cup team.
To play in the biannual event, players must be members of the European Tour in good standing. Those who have not paid their fines and do not play at least four circuit tournaments per year lose their eligibility.
Players like Rahm and Hatton appealed the fines and will be eligible for the team that will play at Bethpage Black next September. Garcia, eager to return to the event, paid his fines and will be playing on the DP World Tour in the coming weeks.
We'll see if and how this measure impacts the recruitment of new European players.
More Golf: Jon Rahm, Lee Westwood Slam OWGR System Ahead of Ryder Cup Selection
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Stock market today: Dow, S&P 500, Nasdaq waver as Trump-EU trade deal kicks off huge week
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Stock market today: Dow, S&P 500, Nasdaq waver as Trump-EU trade deal kicks off huge week

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NextDecade (NEXT), Venture Global (VG), and Cheniere Energy (LNG)jumped between 7% and 8.8%. Samsung to make AI chips for Tesla under $16.5 billion deal Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Samsung Electronics ( SSNLF) has landed a $16.5 billion deal to make Tesla's (TSLA) next-generation AI chip. The agreement, which runs through the end of 2033, will see the South Korean company produce the AI6 semiconductor at an upcoming plant in Texas. Shares of Tesla stepped up 1.5% in premarket trading, after its CEO Elon Musk confirmed on X that the EV maker had struck the multibillion-dollar deal. Meanwhile, Samsung's Seoul-traded stock rose almost 7% to its highest level since September. 'The strategic importance of this is hard to overstate,' Musk wrote. "The $16.5B number is just the bare minimum. Actual output is likely to be several times higher." Bloomberg reports: Read more here. Oil rises with EU-US trade deal locked in Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. Oil prices eked out gains as the US and the EU finalized details of a trade deal ahead of Trump's Aug. 1 deadline. Bloomberg reports: Read more here. European stock futures rise on US-EU trade deal announcement Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Futures in European stock indexes saw positive bumps early morning Monday as the markets reacted to the announcement of a tariff deal between the US and the EU Interest in individual stocks in carmakers, luxury goods makers, and alcohol conglomerates is rising ahead of the market open Monday with those industries the most impacted by the deal. Bloomberg reports: Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Watch: Bronze recalls pain she faced playing entire Euro 2025 tournament with huge injury
Watch: Bronze recalls pain she faced playing entire Euro 2025 tournament with huge injury

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time10 minutes ago

  • Yahoo

Watch: Bronze recalls pain she faced playing entire Euro 2025 tournament with huge injury

England's Lucy Bronze has revealed that she played the entire Euro 2025 tournament with a fractured tibia. Speaking after the Lionesses' victory over Spain on Sunday (27 July) in Switzerland, the 33-year-old full-back opened up about the pain she'd been facing. "No one knew. And now I've hurt my knee on the other leg," Bronze said of the moment she succumbed to a separate knee injury at half-time of extra time. The Chelsea player is now a two-time European champion with the Lionesses.

EU-US trade deal will come with economic consequences, German industries warn
EU-US trade deal will come with economic consequences, German industries warn

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time31 minutes ago

  • Yahoo

EU-US trade deal will come with economic consequences, German industries warn

While European Commission President Ursula von der Leyen praised a trade agreement signed between the EU and US on Sunday as a stabilising factor "in uncertain times," representatives of the German economy have expressed concern. Von der Leyen and US President Donald Trump struck a tentative trade deal to avert a potentially devastating tariff war between two of the world's largest economies on Sunday. The majority of EU exports bound for the US will be subject to a 15% tariff. According to a statement made by von der Leyen, this also includes billions of euros in EU investments in the US, as well as the purchase of defence equipment. Tariffs of 15% will now apply to car exports to the US, compared to the previously announced 25%. Import duties on steel are to remain unchanged at 50%. The German economy can breathe a sigh of relief for the time being, according to Managing Director of the German Chamber of Industry and Commerce Helena Melnikov. Melnikov said that worse has been prevented, however, "the deal has its price, and this price is also at the expense of the German and European economies." Wolfgang Niedermark from the Federation of German Industries was more critical. He stated that even a tariff rate of 15% would have an "immense negative impact" on Germany's export-oriented industry. The Federal Association of Wholesale, Foreign Trade and Service also spoke of a "painful compromise" and warned that supply chains would change and prices would rise, saying the deal will cost Germany growth, prosperity and jobs. Federal Chancellor Friedrich Merz, who was satisfied with Sunday's agreement, wrote on X that the deal showed it was possible to "avert a trade conflict". However, a review of Trump's actions to date raises doubts about the reliability of the agreement and the US president's words. In an interview with the Funke media group, Michael Hüther, director of the Institute for the German Economy, said that concerns remained as Trump had never completely taken tariff threats off the table.

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