- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: PGA denying waivers to the LIV’s first event
Posted on 5/10/22 at 10:15 pm to BallChamp00
Posted on 5/10/22 at 10:15 pm to BallChamp00
quote:
You can post a purse but the actuality of paying it out for the long haul is not sustainable here
quote:
There's no clear-cut number to peg the net worth of MBS, but his family is believed to be the richest on earth, having control of roughly $1.4 trillion, according to International Business Times.
1
Posted on 5/10/22 at 10:16 pm to Mingo Was His NameO
You think backers are going to bleed money without a return? My gosh. Gullible.
Posted on 5/10/22 at 10:19 pm to BallChamp00
quote:
You think backers are going to bleed money without a return? My gosh. Gullible.
Forever? No. Do I think they'll front $100 million plus to show both players and broadcast partners that their money and product is real, yes. And profit motive isnt the only driving force here, straight out of the Saudis mouths on numerous occasions.
And if they do that it's certainly possible that this could be successful. Especially if they are able to operate behind the scenes.
Posted on 5/10/22 at 10:21 pm to Mingo Was His NameO
quote:
And profit motive isnt the only driving force here, straight out of the Saudis mouths on numerous occasions.
Gullible is key word again. Business men are only worried about one word when it comes to backings. Profit.
Posted on 5/10/22 at 10:23 pm to BallChamp00
quote:
Gullible is key word again. Business men are only worried about one word when it comes to backings. Profit.
These aren't business men, they're trillionaire royals.
Im beginning to think clueless may be the key word for you as you seemingly have no idea about any of the Saudis past dealings. Which quite honestly isn't that much a surprise, you seem to comment on subjects you're quite ignorant on often
This post was edited on 5/10/22 at 10:25 pm
Posted on 5/10/22 at 10:23 pm to Mingo Was His NameO
quote:
Would they? When have they ever shown an initiative to innovate.
They’ve never had to
quote:
The Tour has constantly indicated they'd fight all of these issues to the death. Thinking they'd instantly just do an about face is a pretty dumb thing to say.
You realize the context of my post right? It was in response to the scenario where all negative ramifications of playing LIV ceased to exist. At that point, the Tour’s hand would be forced.
quote:
For 1-3 days maybe and then when all the good players are playing people will watch.
I don’t believe “all the good players” will ever be playing. So we will just have to disagree here.
Posted on 5/10/22 at 10:25 pm to PhiTiger1764
quote:
It was in response to the scenario where all negative ramifications of playing LIV ceased to exist
quote:
I don’t believe “all the good players” will ever be playing
Makes no sense
Posted on 5/10/22 at 10:27 pm to Mingo Was His NameO
Negative ramifications like not being banned from the PGA Tour and majors and Ryder cup.
There will always be negative ramifications for playing LIV.
There will always be negative ramifications for playing LIV.
Posted on 5/10/22 at 10:29 pm to PhiTiger1764
quote:
There will always be negative ramifications for playing LIV.
That's a definitive statement that I don't think you have any evidence of. Bad actors have been involved in all sorts of shite forever and it always fades. Especially if they can find a public face and stay in the shadows
Posted on 5/10/22 at 10:30 pm to Mingo Was His NameO
quote:
Im beginning to think clueless may be the key word for you as you seemingly have no idea about any of the Saudis past dealings. Which quite honestly isn't that much a surprise, you seem to comment on subjects you're quite ignorant on often
You know where they got 2 billion from right?
quote:
These investment managers earn income by charging service fees or commissions to their clients. In some cases, managers charge set fees; in others, they charge a percentage of the total assets under management (AUM). For example, if a manager is taking care of an investment worth $6 million and charges a 2% commission fee, it owns $120,000 of that investment. If the value of the investment increases to $10 million, the AMC owns $200,000. If the value falls, so too does the manager’s stake.
Like I said they are in this to make money. Not lose it.
This post was edited on 5/10/22 at 10:34 pm
Posted on 5/10/22 at 10:30 pm to lsupride87
quote:
The PGA tours money is tied to actual viewership, popularity, sponsors, etc. LIV has a basic money machine. They can’t compete for players with that as the competition
Would be interesting to see them go after the NFL next once this succeeds.
Posted on 5/10/22 at 10:32 pm to BallChamp00
quote:
You know where they got 2 billion from right?
The Saudis? The same people that have funded the whole operation. What's your point?
Posted on 5/10/22 at 10:34 pm to Mingo Was His NameO
Who are charging fees like interest lol.
Posted on 5/10/22 at 10:35 pm to BallChamp00
quote:
Who are charging fees like interest lol.
I have no idea what kind of point you are trying to make.
Posted on 5/10/22 at 10:37 pm to BallChamp00
quote:
Gullible is key word again. Business men are only worried about one word when it comes to backings. Profit.
Businessmen? Who do you think is running this league. They have way more money than the PGA and are not worried about making a profit. They want control.
China making a play for basketball players would be equivalent to Saudis and golf. It’s not about making money for them, it’s about power, control and relevance.
Posted on 5/10/22 at 10:38 pm to Mingo Was His NameO
That these guys are in this to make money. Not lose it. They have to take a loan of 2bil from the Public Investment Fund. This is not a private deal.
Posted on 5/10/22 at 10:39 pm to BallChamp00
quote:
That these guys are in this to make money. Not lose it. They have to take a loan of 2bil from the Public Investment Fund. This is not a private deal.
You clearly have no idea what the Public Investment Fund is
Posted on 5/10/22 at 10:39 pm to go ta hell ole miss
quote:
China making a play for basketball players would be equivalent to Saudis and golf. It’s not about making money for them, it’s about power, control and relevance.
It’s 100% about money. Read up on the public investment fund.
Posted on 5/10/22 at 10:40 pm to Mingo Was His NameO
quote:
You clearly have no idea what the Public Investment Fund is
Lol. Done here. I’ll be back next year when this is all dead.
quote:
The Public Investment Fund has put in place standardized procedures and guidelines to govern investment decisions, focused on building a diversified portfolio that achieves attractive, risk-adjusted returns over the long term.
This post was edited on 5/10/22 at 10:42 pm
Posted on 5/10/22 at 10:43 pm to BallChamp00
quote:
Lol. Done here. I’ll be back next year when this is all dead.
It's not a public entity and if I charge a business I solely own interest it's an expense on the books of my business and income on my personal books. Money never actually changes hands, it's a paper transaction.
It's fine you don't know what you're talking about, but I'd stop insulting others if I were you.
quote:
The Public Investment Fund has put in place standardized procedures and guidelines to govern investment decisions, focused on building a diversified portfolio that achieves attractive, risk-adjusted returns over the long term
Ahh, so now we're going back with an edit taking the public mission statement of the Saudis, who kill people for disagreeing with them, as gospel.
Gullible was a word I believe you are familiar with. Or maybe just plain stupid is a better word choice.
This post was edited on 5/10/22 at 10:45 pm
Page 4 of 9
Popular
Back to top
Follow TigerDroppings for LSU Football News