A 14-tournament LIV Golf league will start in 2023 but the schedule will not compete with majors or international team events, say event organisers.

The league has a prize fund of $405m (£336m), with the 48 players expected to take part in 11 other International Series events on the Asian Tour.

The news comes before Thursday’s start of the Saudi Arabian-funded series’ third invitational tournament.

That takes place at Donald Trump’s Bedminster Course in New Jersey.

The first two of the eight tournaments in the inaugural series took place at Centurion Club near London, and in Portland, Oregon.

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LIV Golf did not announce next year’s tournament dates and locations but said it would “expand LIV Golf’s global footprint” with events in North America, Latin America, Australia, Europe, Asia and the Middle East.

The 48 players will continue to be split into 12 teams of four for the 54-hole three-day tournaments which feature shotgun starts and no cut. Each team captain is tasked with gaining “the greatest fan following and sponsor interest” in a franchise model used by other sports.