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re: Rory's take
Posted on 6/7/23 at 11:06 am to ell_13
Posted on 6/7/23 at 11:06 am to ell_13
I don’t think it’s rationalizing, it’s just the truth
The PIF, a funding source, made these negations with the PGA and did not include LIV. It’s not controversial
There are many entities that are funded by the same source of funds that are run separately. That isn’t a unique thing
The PIF, a funding source, made these negations with the PGA and did not include LIV. It’s not controversial
There are many entities that are funded by the same source of funds that are run separately. That isn’t a unique thing
This post was edited on 6/7/23 at 11:08 am
4
Posted on 6/7/23 at 11:10 am to lsupride87
I didn’t say it was controversial. LIV leadership wasn’t involved because they had no reason to be. They don’t run the show. The PIF does. It still means they’re being merged into the PGA in some way. Rory even said the PGA is likely to grow the team aspect and expand reach. I wasn’t saying it was controversial.
Posted on 6/7/23 at 11:10 am to lsupride87
quote:while technically correct, it’s just semantics. The guy who cut this deal for the PIF is the same guy that created LIV (which has been described as his baby). It’s really attempting to make a distinction where there is no significant difference.
The PIF, a funding source, made these negations with the PGA and did not include LIV.
Posted on 6/7/23 at 11:11 am to lsupride87
quote:
There are many entities that are funded by the same source of funds that are run separately. That isn’t a unique thing
While this is true, I cannot imagine that in the long run the PIF is going to want to keep funding competing tours when the far more expensive one with few revenue streams loses money while the cheaper one with more revenue streams makes money.
Posted on 6/7/23 at 11:18 am to lsupride87
quote:
I don’t think it’s rationalizing, it’s just the truth
It’s a distinction without a difference. The parent company is the parent company. The fact the wholly owned subsidiary didn’t have a representative at the table is irrelevant. The parent company owns and represents the subsidiary.
Focusing on the subsidiary is meaningless and just serves to obfuscate the big picture. Rory is trying to justify his past comments and reconcile that with his current situation. I get why he is doing it, but we don’t have to pretend like he is correct.
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