- 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
PGA Conference call Wednesday morning - update: $3B deal with SSG
Posted on 1/30/24 at 8:51 pm
Posted on 1/30/24 at 8:51 pm
2
Posted on 1/30/24 at 10:38 pm to PhiTiger1764
Would seem like an update on investment from SSG is more likely than a deal with PIF right now
Posted on 1/30/24 at 11:08 pm to JimTiger72
Perfect place to do it since when Pebble last changed hands, it was to make sure that Americans owned it.
Now time to potentially solidify the fact that the PGA Tour will be majorly owned by Americans?
Now time to potentially solidify the fact that the PGA Tour will be majorly owned by Americans?
Posted on 1/30/24 at 11:11 pm to JimTiger72
The announcement tomorrow is the PGA and SSG where private equity takes over the PGA invests up to 2 billion with a percentage of that extinguishing the PGA's current outstand debt. TV contracts will be renegotiated in 2024 due to dwindling TV ratings so the PGA needs to offset those losses using SSG funds.
The deal between the PIF and the PGA is now DOA. There will be some posturing tomorrow but for all intensive purposes the talks are finished for 2024.
The real news is that PIF will likely announce they are buying the DPWT. PIF will effectively own LIV, DPWT, and the Asian Tour. I can see the DWPT & Asian Tour merging. DPWT/Asian purses will increase substantially and overshadow what the PGA events are paying out.
The OWGR points foolishness will be eliminated with the DPWT announcement and then you'll see even more bleeding taking place from the PGA player ranks.
PIF will follow up by buying the LPGA Tour (the PIF already accounts for 1/3 of the LPGA's revenue) thus cutting the PGA/LET attempt to buy the women's tour.
The Majors are in a very tough spot right now and for those guys who turned down LIV--I would be firing my agent.
The deal between the PIF and the PGA is now DOA. There will be some posturing tomorrow but for all intensive purposes the talks are finished for 2024.
The real news is that PIF will likely announce they are buying the DPWT. PIF will effectively own LIV, DPWT, and the Asian Tour. I can see the DWPT & Asian Tour merging. DPWT/Asian purses will increase substantially and overshadow what the PGA events are paying out.
The OWGR points foolishness will be eliminated with the DPWT announcement and then you'll see even more bleeding taking place from the PGA player ranks.
PIF will follow up by buying the LPGA Tour (the PIF already accounts for 1/3 of the LPGA's revenue) thus cutting the PGA/LET attempt to buy the women's tour.
The Majors are in a very tough spot right now and for those guys who turned down LIV--I would be firing my agent.
This post was edited on 1/30/24 at 11:14 pm
Posted on 1/30/24 at 11:16 pm to MrLSU
Bye bye PGA Tour
Posted on 1/31/24 at 5:16 am to BigApple
PGA Tour is fine with their 2Bn investor.
Posted on 1/31/24 at 6:20 am to BigApple
Any word on how Brandel is taking the new news?
Posted on 1/31/24 at 6:49 am to PhiTiger1764
quote:
The PGA Tour has finalized an agreement with Strategic Sports Group, a consortium of billionaire sports team owners, to infuse at least $3 billion into a new for-profit entity, PGA Tour Enterprises, sources told ESPN on Wednesday. PGA Tour commissioner Jay Monahan is expected to inform PGA Tour, PGA Tour Champions and Korn Ferry Tour members of the deal in a conference call Wednesday morning.
Meanwhile, the PGA Tour is continuing its negotiations to finalize an agreement with Saudi Arabia's Public Investment Fund (PIF) and the DP World Tour, which would potentially inject additional billions of dollars into PGA Tour Enterprises, according to sources.
The PGA Tour, DP World Tour and the PIF signed a framework agreement June 6 to combine their commercial assets, including the LIV Golf League. The agreement had a Dec. 31 deadline, which was extended as the sides continued to hammer out final details. Monahan and PIF governor Yasir Al-Rumayyan reportedly met in Saudi Arabia last week.
This post was edited on 1/31/24 at 6:51 am
Posted on 1/31/24 at 7:04 am to MrLSU
quote:
The deal between the PIF and the PGA is now DOA.
quote:
Meanwhile, the PGA Tour is continuing its negotiations to finalize an agreement with Saudi Arabia's Public Investment Fund (PIF) and the DP World Tour, which would potentially inject additional billions of dollars into PGA Tour Enterprises, according to sources.
good onePosted on 1/31/24 at 7:05 am to The Pirate King
MrLSU is missing at an incredible clip, but posts it so confidently
Posted on 1/31/24 at 7:49 am to JimTiger72
Another reasoning for the PGA tour locking up this deal is it effectively blocks LIV from any US television market as long as they are separate
SSG is part of MLB, NBA, and NFL investment groups so they have the US tv networks.
PIF likely still makes a deal with the Tour. They want a U.S. product, and the Tour will still need more money to keep up
SSG is part of MLB, NBA, and NFL investment groups so they have the US tv networks.
PIF likely still makes a deal with the Tour. They want a U.S. product, and the Tour will still need more money to keep up
This post was edited on 1/31/24 at 7:58 am
Posted on 1/31/24 at 7:58 am to lsupride87
If Fox or some other company wants to televise LIV Golf tournaments, SSG can’t do anything about it
This post was edited on 1/31/24 at 7:59 am
Posted on 1/31/24 at 7:59 am to JimTiger72
quote:SSG absolutely has weight to throw around when it comes to US network TV based on who they have in their group. MLB, nba, and nfl owners absolutely hold weight
If Fox or some other company wants show LIV Golf tournaments, SSG can’t do anything about it
Could FOX do whatever it wants? Of course. But let’s not bury our heads and think the Fox relationship with the MLB and NFL isn’t extremely important here
This post was edited on 1/31/24 at 8:01 am
Posted on 1/31/24 at 8:00 am to lsupride87
So FOX Sports would be afraid to piss off 4 MLB owners?
Posted on 1/31/24 at 8:01 am to JimTiger72
quote:And an NFL owner? Yes. Rewards would have to outweigh the risk.
So FOX Sports would be afraid to piss off 4 MLB owners?
SSG was chosen and sought after for clear reasons. It absolutely strengthens the tours US positions
This post was edited on 1/31/24 at 8:03 am
Posted on 1/31/24 at 8:06 am to lsupride87
If you say so, seems like you’re reaching at a hypothetical situation to get a win for Jay.
The end goal is a deal between PGA/PIF where Al-Rumayyan & Jay are both still involved and working together.
The end goal is a deal between PGA/PIF where Al-Rumayyan & Jay are both still involved and working together.
Posted on 1/31/24 at 8:10 am to JimTiger72
Correct that’s the goal. Both are successfully still trying to strengthen their positions though
Also, side note, I’m good friends with the Principal Partner of SSG. He wouldn’t tell me shite about the deal when I would ask him Guy was a clown growing up. Wild how he got here
Also, side note, I’m good friends with the Principal Partner of SSG. He wouldn’t tell me shite about the deal when I would ask him
Guy was a clown growing up. Wild how he got here Posted on 1/31/24 at 8:18 am to JimTiger72
quote:
The end goal is a deal between PGA/PIF where Al-Rumayyan & Jay are both still involved and working together.
I think once a deal is done, they are going to dump jay.
This post was edited on 1/31/24 at 8:19 am
Posted on 1/31/24 at 8:21 am to CoachChappy
quote:Hard to dump the guy that strokes the pen to sign the deal, unless you are ready to give him a big parting gift
I think once a deal is done, they are going to dump jay.
This post was edited on 1/31/24 at 8:21 am
Posted on 1/31/24 at 8:26 am to lsupride87
Wow
quote:The top guys with the tour about to get huge money too. And money that grows.
$3 billion investment, $12 billion valuation. —Players get $900 million in equity shares, will be doled out to 180ish guys. Higher ranked get more.
Page 1 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News