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Antitrust law firm for 21 PGA Golfers issues letter to PGA Tour with concerns
Posted on 12/12/23 at 5:08 pm
Posted on 12/12/23 at 5:08 pm
The PGA Policy Board received a letter from Anti-trust heavyweight law firm Susman Godfrey LLP with concerns the PGA Tour has made decisions that materially impact their clients due to undisclosed conflicts of interest by the PGA Tour Policy Board. The 21 PGA golfers are all mid-tier Pros. Turning down the PIF's $1 billion dollar equalization pool offer to PGA players was probably not the smartest of ideas.
ESPN: Golfers seek transparency on PIF deals
A law firm representing 21 PGA Tour players, including former Masters champion Danny Willett, sent a letter to the PGA Tour's policy board Sunday, demanding transparency and a meeting with the board's independent directors to discuss potential deals with Saudi Arabia's Public Investment Fund and a U.S. equity group being led by Fenway Sports Group.
In the letter, attorney Jacob Buchdahl of Susman Godfrey LLC of New York, complained that most PGA Tour golfers had been "kept entirely in the dark" while the policy board negotiated a deal that might transform the tour in which the players are members.
"The board has recently received multiple bids by prospective capital partners that will potentially transform how the PGA Tour operates, who controls it, and who owns it," Buchdahl wrote. "All but a handful of PGA Tour players have been kept entirely in the dark about the prospective transaction, how it will impact them, and what conflicts of interest may impact the decision-makers."
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Posted on 12/12/23 at 5:46 pm to MrLSU
The more that comes out, the more that the pga tour bootlickers, like Brandel Chamee and idiots here, look stupid.
Monahan and company are a bunch of fricking scum bags.
Monahan and company are a bunch of fricking scum bags.
Posted on 12/12/23 at 5:50 pm to CoachChappy
Not a good look is it Coach? Gonna be fun to see where this goes.
Posted on 12/12/23 at 6:38 pm to GeauxTigers0107
Monahan needs to be gone yesterday.
Posted on 12/12/23 at 8:38 pm to MrLSU
Tommy two gloves has standing?
But on the whole ... How do you keep hundreds, who have a legitimate interest in the outcomes, in the know... But also knowing that if three people find out, then two are going to leak details to a podcast within 30 min of finding out... There by hampening the possibility of the best deal
But on the whole ... How do you keep hundreds, who have a legitimate interest in the outcomes, in the know... But also knowing that if three people find out, then two are going to leak details to a podcast within 30 min of finding out... There by hampening the possibility of the best deal
Posted on 12/12/23 at 9:34 pm to SuperOcean
Bunch of nobodies
Posted on 12/12/23 at 9:38 pm to MrLSU
I’ve been against Susman on the patent side. Good luck!
Posted on 12/12/23 at 9:59 pm to Hou_Lawyer
This will be known as the “mule-suit” or something similar. I will agree that one thing that might be good out of all this is that there are too many professional golfers on the tours. I think if most tournaments had half the guys if sound be better, but it would be qualification based, not how LIV does it.
Posted on 12/13/23 at 7:29 am to MrLSU
Two things can be true at once: I don’t give a shite if Tommy “Two Gloves” and James Hahn ever tee it up again for the PGA Tour. And the Tour management, Monahan etc, has done a monumentally poor job navigating the LIV threat.
Posted on 12/13/23 at 7:44 am to MrLSU
How did I know James Hahn's name was gonna be on the list before getting to the bottom?
Posted on 12/13/23 at 8:19 am to Zanzibaw
These bottom guys better be careful. What makes the most sense from a tour perspective is to completely get rid of these bottom tier guys. It’s about money money money now only, and they are expenses on the balance sheet not revenue earners
This post was edited on 12/13/23 at 8:20 am
Posted on 12/13/23 at 8:35 am to Zanzibaw
quote:
How did I know James Hahn's name was gonna be on the list before getting to the bottom?
And Grayson Murray
Posted on 12/13/23 at 8:37 am to lsupride87
quote:
These bottom guys better be careful. What makes the most sense from a tour perspective is to completely get rid of these bottom tier guys. It’s about money money money now only, and they are expenses on the balance sheet not revenue earners
I think that’s why you’re seeing the lawsuit. Every name on that list knows they have no pull on the PGA tour and decisions are being made without them.
I totally understand their want to have their voice heard.
This post was edited on 12/13/23 at 8:38 am
Posted on 12/13/23 at 8:40 am to Swagga
Piercy is not a nobody. He has won 4 times and made over $23M in his career. I wish I could be a nobody like that.
Posted on 12/13/23 at 9:48 am to MrLSU
It's like a who's who of the mules. A mule HOF if you will.
Posted on 12/13/23 at 10:53 am to JimTiger72
If the PGA tour truly wants to maximize profit, they would cut down to like 30 golfers. I guess that is where we are headed. Shrinking the game 
Posted on 12/13/23 at 11:01 am to lsupride87
quote:
If the PGA tour truly wants to maximize profit, they would cut down to like 30 golfers. I guess that is where we are headed. Shrinking the game
Yep, 30 golfers that play in one tournament a month.
I'm about to the point of just burn it all down. I've quit watching other sports and haven't missed them at all and I'm sure golf will be the same sans the Masters.
Posted on 12/13/23 at 11:25 am to RedHawk
Wesley and George crack me up
Bryan Bros Golf
@bryanbrosgolf
·
Dec 12
Come on Wes. Seriously?! You are better than this and you 100% are pulling your name off this awful list or this will become George Bryan Golf!!
Wesley Bryan
@wesleybryangolf
·
Dec 12
Name pulled ???????
This was a mistake and I appreciate you and your guidance
being totally serious, just sent email removing myself from this
My apologies
Bryan Bros Golf
@bryanbrosgolf
·
Dec 12
Come on Wes. Seriously?! You are better than this and you 100% are pulling your name off this awful list or this will become George Bryan Golf!!
Wesley Bryan
@wesleybryangolf
·
Dec 12
Name pulled ???????
This was a mistake and I appreciate you and your guidance
being totally serious, just sent email removing myself from this
My apologies
Posted on 12/13/23 at 11:27 am to lsupride87
quote:
These bottom guys better be careful. What makes the most sense from a tour perspective is to completely get rid of these bottom tier guys. It’s about money money money now only, and they are expenses on the balance sheet not revenue earners
That's exactly what will happen if the Tour gets private equity involved, and is also exactly why these bottom tier guys are worried and had an attorney write this letter
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