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re: Liv and PGA to merge
Posted on 6/6/23 at 10:27 am to bstaceyau19
Posted on 6/6/23 at 10:27 am to bstaceyau19
Loser is the legacy of the PGA Tour. Now you have an illiberal theocracy wearing a once respected institution’s skin as a suit and demanding the same respect. Feels yucky. Never had a problem with LIV doing it’s own thing and Phil was absolutely right about compensation. Merger just feels gross. Glad the four majors and Ryder Cup and US AM are independently governed and hopefully less corruptable than the PGA Tour.
2
Posted on 6/6/23 at 10:28 am to daberryballer
quote:
I thought Rich Lerner was going to cry on live TV ....so sad for Golf Channel guys!
Yea this is a tough pill to swallow for so many people that spoke out harshly. He just said Phil can take a victory lap.
Posted on 6/6/23 at 10:30 am to r0cky1
Posted on 6/6/23 at 10:32 am to 3oliv3
quote:
Phil was absolutely right about compensation.
My whole thing about the compensation is that you they want to ACT like a private contractor. Set their own practice schedule, train when they want, play when they want, have they own medical staff, get their own sponsors, etc. but want the benefit of a team sport setup with guaranteed contracts.
I as a fan just want to see all the best golfers on the best courses.
This post was edited on 6/6/23 at 10:33 am
Posted on 6/6/23 at 10:34 am to RedHawk
quote:
Only way this can ever happen is that you have to way over pay to make it happen and that is exactly what they did.
It’s all relative. It is absolutely a win for them. I know to you it seems like a lot of money. But it doesn’t to them. This is the best case scenario for LIV.
Posted on 6/6/23 at 10:35 am to lsupride87
quote:
Will we agree this is a big win for the tour? Or no?
A tour that had a complete monopoly 12 months ago? Is now merging with the blood money Saudis. Monohan screwed this thing from the beginning.
Posted on 6/6/23 at 10:36 am to 3oliv3
So I guess this means that Patrick & Justine Reed are coming back to the PGA Tour as well? Not sure if that's a win or a loss for the tour.
Posted on 6/6/23 at 10:37 am to juice4lsu
LIV Golf Presents The PGA Tour?
Posted on 6/6/23 at 10:37 am to bstaceyau19
quote:
It's not all that complicated. The business model for all sides simply wasn't working. LIV thought they would get all of the top 50 and a big TV deal and little pushback from the PGA and DP World tours. None of that happened. The PGA Tour got all it could get money wise from its sponsors and it wasn't near enough to compete financially with the deep pockets of LIV. The DP World Tour lost too many members to LIV. They were destroying each other; they had to merge.
This is like the Sirius and XM Satellite merger from years ago. Apart they were dying. Together they will survive.
The winners will be the LIV players. While their money will more than likely scale back to something more reasonable, they cashed in when they could. The PGA will have to do something to satisfy their players but that can be made to happen. There's gonna be a lot of complaining in the meantime, though. (Maybe this is the reason Rory stopped running his mouth the last few weeks; he knew this was coming)
The loser is Greg Norman. I think he will be the odd man out on all this. He wanted to drive the tours out of business and sold the Saudis on a false bill of goods to achieve this. The Saudis want to make money and look good. They will make their money now.
I agree with a lot of this outside of the Greg Norman part. You couldn't be any farther off. Of anybody involved in this entire ordeal, he will feel the most vindicated. What he has pushed for for 30 years is now happening and he was the driving force. Also, just from a money perspective, do you think he was CEO of LIV for free? His pocket is loaded.
Posted on 6/6/23 at 10:39 am to lsupride87
quote:
Getting billions in funding and majority control of the board seems like a really good “out”
As opposed to paying hundreds of millions and being exposed for whatever they might be hiding...absolutely.
Tell me, without the lawsuits, do you think the PGA Tour is even entertaining going into business with LIV?
Posted on 6/6/23 at 10:40 am to BBONDS25
quote:You said Jay should have played ball with LIv from the beginning
A tour that had a complete monopoly 12 months ago? Is now merging with the blood money Saudis. Monohan screwed this thing from the beginning.
Like you say, LiV has endless money. They could have continued to fight the PGA forever from a money standpoint. Now, at least Jay gets billions out the deal and voting majority on the board
The PGA executives and management, made out like bandits. And the liv players(depending on the fine amount to return) will have made out like bandits too
Posted on 6/6/23 at 10:41 am to BBONDS25
quote:
It’s all relative. It is absolutely a win for them. I know to you it seems like a lot of money. But it doesn’t to them. This is the best case scenario for LIV.
I just don't find it very impressive is all. LIV has an endless amount of money and was able to use that money to way over pay to make a merger with the PGA. Going to bet they paid way over market value.
This post was edited on 6/6/23 at 10:49 am
Posted on 6/6/23 at 10:42 am to deathvalleytiger10
quote:The lawsuits, knowing your enemy has unlimited money, and other factors likely played a huge part on this deal
Tell me, without the lawsuits, do you think the PGA Tour is even entertaining going into business with LIV?
I think from the other end, the zero tv or real fan interest played the biggest part for the LIV leaders to make a deal.
Posted on 6/6/23 at 10:42 am to deathvalleytiger10
Who knew we had a real life Succession style corporate takeover battle playing out behind closed doors right as the series was ending?
Monahan is Tom. WayStar is PGA Tour. PIF is GoJo. Yasir is Mattson.
Monahan is Tom. WayStar is PGA Tour. PIF is GoJo. Yasir is Mattson.
Posted on 6/6/23 at 10:45 am to lsupride87
quote:
They are paying billions to the Tour
They just bought the PGA Tour, dumb frick.
Posted on 6/6/23 at 10:45 am to MikeD
All that virtue signaling by PGA and Golf media over dirty Saudi money gone like a fart in the wind. Once the PGA got their cut right. Same reason big companies suck China’s dick
Posted on 6/6/23 at 10:47 am to SoFla Tideroller
quote:You don’t buy a company and give them voting majority interest, dumbfrick
They just bought the PGA Tour, dumb frick.
Hence, merger
Posted on 6/6/23 at 10:47 am to MikeD
The PGA was certainly scared of the discovery process conducted by a legal opponent with unlimited funds.
I thought Brooks handled his media scrum after his recent PGA Championship with much class, I assume he knew something was in the making. However, his early morning tweet was super hilarious:
"Welfare check on Chamblee."
I thought Brooks handled his media scrum after his recent PGA Championship with much class, I assume he knew something was in the making. However, his early morning tweet was super hilarious:
"Welfare check on Chamblee."
Posted on 6/6/23 at 10:48 am to SingleMalt1973
quote:Which was why that was such a dumb angle from the Tour and media. Without them virtue signaling blood money, it would be so easy forThe tour to claim this as a definitive victory
All that virtue signaling by PGA and Golf media over dirty Saudi money gone like a fart in the wind.
They could say we get our players back and we get billions. But since they harped on “evil devil money” for so long, they now look weak and petty publicly.
This post was edited on 6/6/23 at 10:49 am
Posted on 6/6/23 at 10:49 am to ell_13
quote:
So, you preach loyalty to a tour and convince guys not to take 8 and 9 figure deals based, in part, on that loyalty and, in part, on the source of the money. Then those guys find out on Twitter YOU took the very same money
Yep. Anyone spinning this in favor of the PGA Tour needs to reevaluate their thinking. They caved because they were going to lose in court. They bashed players that exited and in the end they crapped on those that were loyal to them.
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