ESPN: LIV has received "significant interest" from potential investors

Why is NUCLR golf reporting that ESPN is reporting something. Where is the ESPN report? It could be true, but I am wondering where it is.

LIV says they have investors wanting to infuse $250 Million into the league that bleeds of over a billion a year.

Outside reporting says LIV has retained a law firm for the purposes of filing Bankruptcy.

I wonder who to believe. Yeah, I'm a billionaire and I'm going to give a sports league $250 Million when their entire corps of players, venues, and others necessary to operate the league are currently creditors of that league in a bankruptcy case. That makes total sense.

I'm going to guess that once more, LIV is lying, as they have been for the last 12 months.

I’m sure they do have interest. There’s a lot of rich people out there who like sports and like golf and would be at the very least interested in potentially investing.

The issue is the massive gulf between what they burn through using their current model and what they’re aiming to raise by even their most optimistic projections. It would seem like the only way to make the money work is to cut salaries and purses by 90%. But the only reason any of the players play on LIV is because of the astronomical purses and salary. I just don’t understand how they’ll make that work and nothing from LIV has given any indication of how their new business model next year will run on 1/10th of their existing budget while simultaneously not losing any players or talent or broadcast/advertising (since they currently pay Fox to be broadcast as opposed to vice versa).

quote:

---

I just don’t understand how they’ll make that work

---

I’m going to assume Scott O’Neil is a little better at this than you are

quote:

---

I’m going to assume Scott O’Neil is a little better at this than you are

---

A couple months ago, while still having PIF behind them spending a billion a year, he said they were 5 years from being profitable

Now, without PIF, they are only 20 months away with 250 million more .

At some point man come up and breathe some real air

LIv in any capacity resembling what it is now cannot exist going forward with 250 million only invested

They can run a small feeder type tour for the DP tour if they want and call it liv

Would love to see the ROI model as to when the potential investors would see a return on their investment.

I don't see any avenue to profitability without a major reduction in tournaments payout and the nullification of existing contracts .

Were the vendors ever paid from the previous tournaments ?

With the economic conditions, no vendors would extend credit without major security to fall back on.

What would be a hilarious twist is that Bryson and Phil are gonna put up 250M of their own money to keep it afloat but they'll player and commissioner and it's all on youtube.

LIV will be the youtube content creators tour. They'll rent out decent public/semi-private tracks but the special prep for tournament play will be limited. They'll have a handful of "names" who are locked in the contracts for the time being but the majority of the current LIV field that aren't on long term deals will quickly move to KF/DP world and Asia tours.