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Started By
Message
re: Finau and Hatten on their way to LIV.
Posted on 12/10/23 at 2:22 pm to lsupride87
Posted on 12/10/23 at 2:22 pm to lsupride87
LINK
Wrong again
Stop looking at it as just the United States
quote:
Golf doesn’t make billions and billions of dollars which they have already spent and adding to it
Wrong again
Stop looking at it as just the United States
1
Posted on 12/10/23 at 2:47 pm to theone
That deal was worth 700 million per year. From court documents, LIV spent 786 million last year not counting players salaries, which were estimated to be and additional billion…..
So Pga tour averages 1.6-2.2 billion in annual revenue.
LIV is spending roughly 1.7 billion in annual expenses. So best case scenario is one day they stop losing money
So Pga tour averages 1.6-2.2 billion in annual revenue.
LIV is spending roughly 1.7 billion in annual expenses. So best case scenario is one day they stop losing money
This post was edited on 12/10/23 at 2:51 pm
Posted on 12/10/23 at 2:53 pm to lsupride87
Not sure what your point is, exactly.
Are you trying to argue liv is failing?
Do you think $1B means anything to liv? $5B? $100B? Cuz it doesn’t.
A seat at the table of legitimacy is all they wanted. Money is irrelevant. And Jay is giving it to them. Not only that, Jay is creating a world where sponsors are pulling out and his financial future is even more tied to PIF.
Are you trying to argue liv is failing?
Do you think $1B means anything to liv? $5B? $100B? Cuz it doesn’t.
A seat at the table of legitimacy is all they wanted. Money is irrelevant. And Jay is giving it to them. Not only that, Jay is creating a world where sponsors are pulling out and his financial future is even more tied to PIF.
Posted on 12/10/23 at 2:56 pm to lsupride87
Pride….
Pride’s Next post
quote:
Golf doesn’t make billions
Pride’s Next post
quote:
So Pga tour averages 1.6-2.2 billion in annual revenue.
This post was edited on 12/10/23 at 7:41 pm
Posted on 12/10/23 at 2:58 pm to CFDoc
LIV the league is a failure in terms of any traditional businesses sense. They haven’t taken any of the market share at all and are absolutely bleeding money. Are golfers going? Yes, because they are paying them far far more money than what they actual bring in.
However, the Saudis don’t care. They are willing to spend billions with no traditional business dealings in return. They just want to judge their way in to being part of golf.
However, the Saudis don’t care. They are willing to spend billions with no traditional business dealings in return. They just want to judge their way in to being part of golf.
Posted on 12/10/23 at 2:59 pm to theone
I’m not trying to be mean. Do you understand the difference in revenue vs profit?
If you bring in 1 dollar but spend 2, you didn’t make shite. You LOST money. Golf is not close to being a profitable entity in the way the Saudis are spending money on it
If you bring in 1 dollar but spend 2, you didn’t make shite. You LOST money. Golf is not close to being a profitable entity in the way the Saudis are spending money on it
This post was edited on 12/10/23 at 3:03 pm
Posted on 12/10/23 at 3:11 pm to theone
quote:
So Pga tour averages 1.6-2.2 billion in annual revenue
I will give you the Saudis don’t give a damn about making a profit, but you’re arguing two different things.
Posted on 12/10/23 at 3:11 pm to JimTiger72
quote:
LIV will fail
LIV will fail if they don’t get good players
LIV will fail if they don’t get a TV deal
LIV will fail if they don’t get OWGR points
LIV will fail if the PGA merger goes through
LIV will fail if they don’t get Tiger
The vaccine is safe and VERY effective…
Posted on 12/10/23 at 3:31 pm to lsupride87
quote:
LIV the league is a failure in terms of any traditional businesses sense.
While this will probably be true in the long run, there are countless examples of big corporations and investment firms sinking $5B+ in R&D, business development, etc. on things that took 5-10 years to payoff.
Regardless, I don’t know how to get this second point through your head, PIF cannot be measured against traditional business metrics. Their metric is legitimacy. They had zero legitimacy until Jay Monohan gave it to them.
Posted on 12/10/23 at 3:46 pm to CFDoc
It’s such a ridiculing statement. Jay could have been Jesus mixed with Winston Churchill and Rahm is still leaving for 300 million guaranteed
Posted on 12/10/23 at 3:49 pm to lsupride87
The Saudi government and LIV don't care about profitability.
It's about public relations only.
If Callaway Golf gets involved with LIV, it could signal a huge move in LIV's creditability.
It's about public relations only.
If Callaway Golf gets involved with LIV, it could signal a huge move in LIV's creditability.
Posted on 12/10/23 at 3:54 pm to lsupride87
quote:
Rahm is still leaving for 300 million guaranteed
How dense are you in that head of yours?
Even if Rahm left, the pga tour would still be a legitimate professional golf tour and liv would be a joke.
Now, liv and the pga are mutual partners. So regardless of any other metric you want to use to call liv a business disaster and joke of a tour, it’s completely irrelevant because liv and the pga tour are now mutual entities under a new agreement.
Just stupid on Jays part.
Posted on 12/10/23 at 4:07 pm to CFDoc
Jay has to make an agreement with someone willing to spend billions. Those people aren’t lining up considering golf isn’t a product ther brings the necessary money to recoup that
Posted on 12/10/23 at 5:08 pm to lsupride87
quote:
Jay has to make an agreement with someone willing to spend billions.
Not true when the entity that has billions can’t buy the one thing they need to be successful, credibility.
You’ve been saying forever that liv is a joke, nobody watches it, none of the player defections matter, etc.
If liv is truly a failure in every aspect of the game of golf except having money, then there’s no need for Jay to entertain a partnership agreement.
Posted on 12/10/23 at 5:49 pm to lsupride87
quote:
I’m not trying to be mean. Do you understand the difference in revenue vs profit?
Not many straws left for you to grasp…. But keep trying it is humorous.
Posted on 12/10/23 at 5:52 pm to CFDoc
quote:
it’s completely irrelevant because liv and the pga tour are now mutual entities under a new agreement.
Is that set in stone ?
I thought it was still an agreement in principle but not totally finalized.
Posted on 12/10/23 at 5:53 pm to bopper50
quote:
If Callaway Golf gets involved with LIV, it could signal a huge move in LIV's creditability.
Yeah ‘Callaway’ is the creditability measure now.
Not most of the recent major winners….
The mental gymnastics you guys are doing are impressive.
Posted on 12/10/23 at 6:02 pm to bopper50
quote:
s that set in stone ?
No, but both sides haven’t released anything that suggests the agreement won’t be reached.
In fact, Monohan is ‘committed’ to making sure it happens.
Posted on 12/10/23 at 6:52 pm to CFDoc
quote:
No, but both sides haven’t released anything that suggests the agreement won’t be reached. In fact, Monahan is ‘committed’ to making sure it happens.
Im confused by this thread. You guys want Jay to come up with a strategy to combat an unhinged competitor who’s not operating under the same rules he or any other business with rational stakeholders has to operate under. He doesn’t have the money to compete with these insane offers because they won’t pay off. So you Guys pulling for LIV are the same as guys pulling for china to make consumer products insanely cheap because they use forced labor at rates below market value, disrupting normal market forces at the cost of human ethics. So if LIV succeeds and kills the PGA tour then I hope you enjoy the bullshite trash tour the Saudi’s run with their filthy money they get from our shithead politicians. Maybe they will support another group that blows up more iconic American real estate and you guys can celebrate that too. Why the hell are so many of yall seemingly pulling for LIV? The Saudis are ahitty people who got rich off global oil trade and are trying to buy legitimacy like Rodmey Dangerfiekd at Bushwood. F those clowns I’d rather our normal market forces work to provide a tour that compensates based on rational economic drivers of supply as demand under the macro-economy we enjoy under the freedom forged by our forefathers..not a bunch of goat-fricking corrupt Muslim monarchs.
Posted on 12/10/23 at 7:31 pm to Big L
quote:
Im confused by this thread. You guys want Jay to come up with a strategy to combat an unhinged competitor who’s not operating under the same rules he or any other business with rational stakeholders has to operate under. He doesn’t have the money to compete with these insane offers because they won’t pay off. So you Guys pulling for LIV are the same as guys pulling for china to make consumer products insanely cheap because they use forced labor at rates below market value, disrupting normal market forces at the cost of human ethics. So if LIV succeeds and kills the PGA tour then I hope you enjoy the bullshite trash tour the Saudi’s run with their filthy money they get from our shithead politicians. Maybe they will support another group that blows up more iconic American real estate and you guys can celebrate that too. Why the hell are so many of yall seemingly pulling for LIV? The Saudis are ahitty people who got rich off global oil trade and are trying to buy legitimacy like Rodmey Dangerfiekd at Bushwood. F those clowns I’d rather our normal market forces work to provide a tour that compensates based on rational economic drivers of supply as demand under the macro-economy we enjoy under the freedom forged by our forefathers..not a bunch of goat-fricking corrupt Muslim monarchs.
quote:
Im confused by this thread
You strike me as the kind of person that’s easily confused in general
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