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Message
re: Official: LIV golf in the hands of PGA Tour Leaders
Posted on 6/28/23 at 6:30 pm to lsupride87
Posted on 6/28/23 at 6:30 pm to lsupride87
These threads and the arguments are just nauseating but i get it. I don’t think Jay M truly has the authority to just can the LIV Tour. But i also don’t believe any of this BS that the PIF truly cares about the LIV. In a way PIF used LIV or that idea to integrate and sit at a bigger table. A Trojan horse maybe. It was never about golf for them. Now that they truly have what they want and have a seat at a table of a real tour there is no reason for LIV. The product was pure unadulterated hot fire dog shitt. It was just a money loser in every aspect. Maybe they keep it around for guys like Pat Perez and other non competitive players or the fans that love shot gun starts, hard techno music, and super stiff flat bill hats and plaid shorts.
Not sure what they hell they’ll do but i would predict most of the big names return to the tour for majority of the tournaments and LIv is an outcast tour for has been’s and never was’. Or they can have some big names play during the off-season winter months but to think this is going to be some sort of big thing is silly. There is no use for LIV anymore. PIF got what they wanted.
Not sure what they hell they’ll do but i would predict most of the big names return to the tour for majority of the tournaments and LIv is an outcast tour for has been’s and never was’. Or they can have some big names play during the off-season winter months but to think this is going to be some sort of big thing is silly. There is no use for LIV anymore. PIF got what they wanted.
This post was edited on 6/28/23 at 6:31 pm
2
Posted on 6/28/23 at 6:45 pm to WDE24
quote:
They also know they have the monetary influence to manipulate the votes should they ever need to.
but they don't, they already will give up their money in creating the entity.
Posted on 6/28/23 at 9:26 pm to barry
quote:
quote: They also know they have the monetary influence to manipulate the votes should they ever need to. but they don't, they already will give up their money in creating the entity
So you are telling me that if the PIF decided to buy the board votes they couldn’t? What’s stopping them from giving a board member $100mil to vote how they want them to vote?
Posted on 6/28/23 at 9:44 pm to barry
quote:That doesn’t even make sense.
but they don't, they already will give up their money in creating the entity.
Posted on 6/29/23 at 11:34 am to RawDog7984
quote:
I don’t think Jay M truly has the authority to just can the LIV Tour.
And where is that guy? Less than a week after the big merger and 3 days after he sent his letter to Congress to tell them this is their fault, he is gone. He's getting mighty conspicuous by his absence. At such a time as complete chaos has been raining down on the PGA and a framework copy of how it works has been sent to our Government and the players definitely want to talk, where's Jay? Should we start to worry?
And I'm pretty sure Tom Watson has been looking for the guy.
Posted on 6/29/23 at 1:11 pm to barry
quote:
barry
I agree with a lot of what you said.
My experience is in contracting language for IP in partnerships, mergers, and takeovers. I’ve done more than I can count at this point.
Where I disagree with you is your statement about money having no control over board decisions. I just don’t see how you could make that statement in a blanket manner like that.
The power of the money relative to a governing board varies wildly on a case by case basis. Saying that the money has no power means you’ve never dealt with entities in which the money uses the board as a day-to-day operations and management center and then the money comes in to control overarching big directional actions.
When I see that PIF has arranged the deal such that they control all corporate sponsorship and investment strategies tells me right there they want Jay and team to run golf tournaments while PIF gets to control major investment strategies.
Also, I don’t really see how you can say Jay could’ve done this with domestic money. That’s just false on its face. If Jay had a domestic team that he thought could fight PIF, he absolutely would’ve done it. You can’t convince me otherwise.
Posted on 6/29/23 at 4:26 pm to RawDog7984
quote:
But i also don’t believe any of this BS that the PIF truly cares about the LIV.
If HE didn't care about LIV he wouldn't be driving around the course with Greg Norman today wearing his LIV polo.
One LIV player asked Al-Rumayyan about the future of the team-format league. His response: “it’s my f---ing baby.”
This post was edited on 6/29/23 at 4:59 pm
Posted on 6/30/23 at 1:55 pm to barry
quote:
People like to make a big deal out of this title and its usually because they don't understand that the title itself holds no special privilege or authority. It's quite common for owners of a company to be the CEO and Chairman of the board, but the title itself has no real power and in this case it’s confirmed by the other governance measures. I'm quite sure that it makes his excellency feel important.
This is not true. Chairman of the board isn’t just a figurehead. The executives serve at the pleasure of the board.
You are also wrong that money doesn’t have any influence once the initial investment of made. That is untrue in almost every instance.
This post was edited on 6/30/23 at 1:58 pm
Posted on 6/30/23 at 8:05 pm to MrLSU
Yes driving around with Greg Norman who has no role moving forward apparently. Definitely showing loyalty. I very well could be wrong but LIV is going to be even more worthless and unwatchable if and when all the star players leave. That just can’t happen yet.
Posted on 6/30/23 at 9:58 pm to RawDog7984
Desert Duffer Podcast Twitter link
This would explain why Tiger Woods is nowhere to be seen or heard from right now.
Posted on 6/30/23 at 10:04 pm to MrLSU
The DP World Tour is a distressed asset and is forecast to lose $128mm cumulative net deficit in the 2023-2035 terms.
This post was edited on 6/30/23 at 10:07 pm
Posted on 6/30/23 at 11:30 pm to donRANDOMnumbers
quote:
LIV is for trashy people and gen Z anyway
That’s why they occupy the top 10 of every major so far
Posted on 6/30/23 at 11:32 pm to lsupride87
quote:
I have been involved with M&A for the better part of 10 years through control documentation and review of the contracting process
ok Posted on 6/30/23 at 11:34 pm to lsupride87
quote:
Are you involved beyond the initial transaction in these deals? There is more to ongoing relationships than escrow holds and initial Board positions.
No he’s the door greeter to the meetings and empties the trash when it’s over
Posted on 7/1/23 at 12:09 am to Front9Bandit
money bought them a handful of good players. 
otherwise, sellout trash.
im fine with it dying off. the PGA will be better because of it, that's the only good that will matter.
otherwise, sellout trash.
im fine with it dying off. the PGA will be better because of it, that's the only good that will matter.
Posted on 7/1/23 at 10:22 am to Front9Bandit
quote:I mean, you could also look at the poster with more M&A experience than anyone on this board combined as well if would like. What did he say?
Front9Bandit
Posted on 7/1/23 at 10:28 am to lsupride87
quote:
What did he say?
Things that directly contradict what’s written in formal agreements and MOU/MOA’s from the actual parties involved.
Oh and then that money doesn’t have influence. That’s prolly my favorite.
Posted on 7/1/23 at 10:58 am to MrLSU
quote:
This would explain why Tiger Woods is nowhere to be seen or heard from right now.
Perhaps Tiger and Jay went fishing in an undisclosed area and only Tiger returned. And he ain't talking.
Posted on 7/3/23 at 10:34 am to MrLSU
Dang, I had never read that before. Tiger got catfished by Jay too. He is bound to be furious because he's not a puppet that is ok with being made to look like an idiot. I doubt he likes getting played and isn't going to come out and say stuff like Rory did. Really looking forward to hearing him speak and see if he still sticks up for that bozo and is good with, as he said, the "dirty money".
Posted on 7/3/23 at 3:50 pm to lsupride87
quote:
I expect anger in here, attacking the messenger, and pure melts
Says the worlds biggest snowflake. Go get your booster
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