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re: Rumor Mill: PIF and PGA sign draft agreement to finalize Saudi investment

Posted on 6/12/24 at 11:15 am to
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
35149 posts
Posted on 6/12/24 at 11:15 am to
quote:

You have no idea what you are talking about.


Yea this is pretty common knowledge. The PGA Tour didn't have the money that Phil said they had, but they had the money to up purses and could have been more transparent with the players that make the tour what it is to keep them happy instead of keeping them in the dark. Jay fumbled the ball, that's not in doubt.
Posted by TDTOM
Member since Jan 2021
15819 posts
Posted on 6/12/24 at 11:21 am to
quote:

could have been more transparent


Agree

quote:

they had the money to up purses


Not until the recent TV deal. Even with that, they cannot cover what they are paying out today.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
35149 posts
Posted on 6/12/24 at 11:43 am to
quote:

Not until the recent TV deal. Even with that, they cannot cover what they are paying out today.


But people act like they didn't have a TV deal before this one. This deal was for 680 million a year, the previous deal was for 400 million a year. 400 million 10 years ago is roughly around 600 million in todays dollar. The % increase in purses are way more than the increase % wise in the TV contracts. That's not even including the 2 billion dollar digital media deal they had made a year before. They had the money to make the players happy. I'm not saying they had the money to pay what purses are right now, I'm just saying they could have made the players happy to where they didn't look for another league.

Nothing tells me that Phil isn't happy where he's at. He's older and making an arse ton of money and more than he ever did on Tour. But I believe that if the Tour would have worked with him and others more and been more open with the finances, they could have come to a medium that would have been OK for both parties.
Posted by JimTiger72
Member since Jun 2023
5858 posts
Posted on 6/12/24 at 11:44 am to
quote:

Not until the recent TV deal.

Why do you keep ignoring this important detail from 2021?
quote:

This was an opportunity for the Tour to co-op this incredible source of funding and bring them into the fold and completely control the situation before LIV Golf had ever launched.
Posted by bstaceyau19
New Orleans
Member since Jun 2022
412 posts
Posted on 6/12/24 at 11:46 am to
It's amazing where this thread has gone.

Theory 1: The PGA Tour was broke, is broke, and will continue to be broke.

Theory 2: The PGA Tour was insanely rich, is even more insanely rich, and will get even richer in the future.
Posted by JimTiger72
Member since Jun 2023
5858 posts
Posted on 6/12/24 at 11:47 am to
quote:

But I believe that if the Tour would have worked with him and others more and been more open with the finances, they could have come to a medium that would have been OK for both parties.


I guess y’all are having a different discussion of a potential future without the saudi money.

Jay had the option in 2021 to accept the Saudi money & prevent the disruption to the game, but refused
Posted by TDTOM
Member since Jan 2021
15819 posts
Posted on 6/12/24 at 11:57 am to
Because it has nothing to do with the tour not having shite tons of money they were hiding, which is the only argument I have made in this thread.
Posted by Tvilletiger
PVB
Member since Oct 2015
5348 posts
Posted on 6/12/24 at 12:36 pm to
Guys just slow down. Wait for this to happen.
It was supposed to be two weeks ago. I don’t know what’s up.
Jay is fine unless he chooses to step out of this for the game. I talk to him all the time.
This post was edited on 6/12/24 at 12:39 pm
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
35149 posts
Posted on 6/12/24 at 12:38 pm to
quote:

I guess y’all are having a different discussion of a potential future without the saudi money.


No I was talking about when all this started/what could have prevented it.
Posted by Tvilletiger
PVB
Member since Oct 2015
5348 posts
Posted on 6/12/24 at 12:40 pm to
How it looks and how it was are not the same thing.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
35149 posts
Posted on 6/12/24 at 12:44 pm to
I'm not sure what that even means in reference to what I was saying
Posted by lsupride87
Member since Dec 2007
97378 posts
Posted on 6/12/24 at 1:04 pm to
quote:

But people act like they didn't have a TV deal before this one. This deal was for 680 million a year, the previous deal was for 400 million a year. 400 million 10 years ago is roughly around 600 million in todays dollar. The % increase in purses are way more than the increase % wise in the TV contracts. That's not even including the 2 billion dollar digital media deal they had made a year before. They had the money to make the players happy. I'm not saying they had the money to pay what purses are right now, I'm just saying they could have made the players happy to where they didn't look for another league.
The PGA tour out themselves into financial trouble trying to up the purses. So much so they had to limit fields and run to PE money to bail them out

The money to pay the players more wasn’t there
Posted by Tvilletiger
PVB
Member since Oct 2015
5348 posts
Posted on 6/12/24 at 1:46 pm to
Exactly you have no idea what you’re actually talking about.
Posted by TDTOM
Member since Jan 2021
15819 posts
Posted on 6/12/24 at 1:47 pm to
Correct. They had to use some of their reserves to up the purses.
Posted by JimTiger72
Member since Jun 2023
5858 posts
Posted on 6/12/24 at 1:55 pm to
Or they could have just taken the Saudi $ back in 2021 & not fracture the game for 3 years, but here we are
Posted by lsupride87
Member since Dec 2007
97378 posts
Posted on 6/12/24 at 2:06 pm to
Telling a company the right course of action is to sell a piece of itself is just such a simple approach. It’s very rare anyone comes out happy after doing so

More common than not business turn down PE and outside investors
This post was edited on 6/12/24 at 2:07 pm
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
35149 posts
Posted on 6/12/24 at 3:08 pm to
quote:

Exactly you have no idea what you’re actually talking about.


Nobody understands what the hell you're talking about when you post "How it looks and how it was are not the same thing" when talking on a golf board. Nobody cares about some cryptic comment. Your comment made no sense in reply to what I said.

And so far, you're the only one that is pretending to actually know what is going on and have yet to show you actually know what your talking about. But keep pretending to be bff with Jay Monohan. Let us know when the next helicopter touches down.
Posted by Tvilletiger
PVB
Member since Oct 2015
5348 posts
Posted on 6/15/24 at 7:25 am to
Ok. Your probably sitting behind a computer somewhere in Louisiana. Jay is not a business friend. His child and my child are best friends. I know him like that. It’s very simple. I live half a mile from PGA headquarters. They just graduated two weeks ago. So there you go.
Posted by SoDakHawk
South Dakota
Member since Jun 2014
8687 posts
Posted on 6/15/24 at 5:14 pm to
quote:

Or they could have just taken the Saudi $ back in 2021 & not fracture the game for 3 years, but here we are


So, take the deal...or else. What happens when the next group wants to buy their way into the game? The Chinese, the Russians?

You just don't sell off a piece of yourself because somebody wants to buy you.
Posted by Basura Blanco
Member since Dec 2011
8598 posts
Posted on 6/17/24 at 3:16 am to
quote:

This was just a few days ago. He may want a merger to make his job easier, but he certainly doesn't personally want LIV or the PIF anywhere near professional golf.



Chamblee has one more PGA Tour win than I do. He would be irrelevant in the golf world if it weren't for him being paid to have a controversial opinion on television. His personal feelings on anything golf related is related directly with the balance in his personal checking account.
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