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re: PGA Tour to merge with LIV Golf
Posted on 6/6/23 at 6:16 pm to lsupride87
Posted on 6/6/23 at 6:16 pm to lsupride87
quote:
Apparently there will be a players board that decides which liv players can and can’t comeback and how they comeback
And they said Jimmy Dunne.
They are also saying that Trump called it….giving him credit.
0
Posted on 6/6/23 at 6:16 pm to lsupride87
quote:
The pga tour that owns the majority voting interest, that pga.
In a company the financing side can make it a pain in your arse, but those with the board votes is the power
"The more significant element of the merger concerns its financial structure. Per the press release, PIF "will make a capital investment into the new entity to facilitate its growth and success." Further down in the release is this more significant element: "PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour (emphasis added)." In other words, Saudi Arabia's Public Investment Fund will provide the seed money for the new operation, will be the only investor, and will have the right to invest — and refuse outside investment — in the PGA Tour itself.
LIV has got one hell of a piece of the PGA pie going forward. They will have a significant role in shaping the future.
Posted on 6/6/23 at 6:16 pm to lsupride87
This deal is going to get massive regulatory scrutiny. This is going to take months to years to get finalized and every detail is going to be scruitinized. This is the first pitch of the first inning. It could be killed off before it ever gets off the ground.
This post was edited on 6/6/23 at 6:17 pm
Posted on 6/6/23 at 6:19 pm to usc6158
The Boys just said the LIV players probably got 30-50% of the money. Not 100%.
The PGA players (non LIV) will be getting loyalty payments to even out the money, LIV players will not be eligible to receive.
The PGA players (non LIV) will be getting loyalty payments to even out the money, LIV players will not be eligible to receive.
Posted on 6/6/23 at 6:20 pm to Basura Blanco
quote:The interesting part is that they agreed on some general parameters and announced this publicly. The devil will be in the details and no one really knows what that is going to be. There must have been a litigation deadline that prompted this settlement.
no one knows what the exact rules are going to be
Posted on 6/6/23 at 6:20 pm to bamameister
And the interesting part will be whether they can further dilute the shares of the PGA and DP by flooding it with money.
Posted on 6/6/23 at 6:21 pm to UncleFestersLegs
quote:
What are your issues with liv then? You have the floor
My issue is... The LIV was just a smoke screen. No one could possibly imagine that Pat Perez's value was 20 million
The numbers were absurd so absurd that it wasn't about a golf it was national wealth against corporate sponsorship...so why...image and politics? Then some LIV players crapping on PGA because trillionaires payed them?
Posted on 6/6/23 at 6:25 pm to WildcatMike
quote:
The PGA players (non LIV) will be getting loyalty payments to even out the money, LIV players will not be eligible to receive.
Who are these PGA players? Do you mean more of the elite millionaires that only get invited now to the "elevated events"? And only the elite millionaires that get invited to the FedEx-cup Playoff? And the only elite players who won't have to worry about being cut in next year's tourneys?
Yes, it just means the rich get richer. So business as usual.
Posted on 6/6/23 at 6:29 pm to boosiebadazz
quote:
And the interesting part will be whether they can further dilute the shares of the PGA and DP by flooding it with money.
Correct. They make the call exclusively. And money is what the LIV guys won't run out of. The PGA is going international as soon as January and they are going to have to like it. Just as sure as the Chairman of the PGA Board is Saudi.
Posted on 6/6/23 at 6:33 pm to NorCali
quote:
I am wondering if this is going to fall apart
The fact a 501c non-profit is investing/partnering in a for profit venture is out of my pay grade. I assume that their income (whether its LIV cash, event income, or sponsor income) has to be distributed to charitable groups as a specified percentage of the whole.
Posted on 6/6/23 at 6:34 pm to RunningJacket
quote:
they’ll want Phil and Reed back because they are good and popular players that will bring eyeballs.
quote:
Reed
quote:
popular player
Posted on 6/6/23 at 6:35 pm to RandySavage
Yea not sure on Reed 
DJ, Cam Smith, Brooks will all be back. That covers everyone I’m concerned with.
DJ, Cam Smith, Brooks will all be back. That covers everyone I’m concerned with.
Posted on 6/6/23 at 6:36 pm to LSUDAN1
quote:
PGA totally screwed over their loyal members while the LIV players got bank. This is so awesome.
What sort of mindset leads one to think the people who tried to do the right thing getting screwed is "so awesome"? You're a bitch.
This post was edited on 6/6/23 at 6:40 pm
Posted on 6/6/23 at 6:38 pm to RandySavage
So people think all LIV players will be allowed back except Patrick Reed.
Patrick Reed and any other "disliked" LIV golfer is just not allowed to play high-level professional golf anymore?
There is no chance players will be allowed back on a case-by-case basis.
Patrick Reed and any other "disliked" LIV golfer is just not allowed to play high-level professional golf anymore?
There is no chance players will be allowed back on a case-by-case basis.
This post was edited on 6/6/23 at 6:42 pm
Posted on 6/6/23 at 6:39 pm to RandySavage
Posted on 6/6/23 at 6:42 pm to LSUDAN1
quote:
PGA totally screwed over their loyal members while the LIV players got bank. This is so awesome.
I can’t tell if you’re being sarcastic or not
Posted on 6/6/23 at 6:45 pm to WDE24
quote:
There must have been a litigation deadline that prompted this settlement.
Something triggered it. The obvious from the LIV position would be the players had some huge payments coming due. Then again, the Saudis could literally pay that with a few nano seconds of accumulated interest on their wealth.
That leaves the PGA. I tend to think Koepka winning the last Major and the US Open starting next week, they didn't want another LIV player winning and further weakening their leverage/brand. They approach LIV and its a no-brainer for them as again, its not about cash investment, its about a foothold in the sport regardless the cost.
Posted on 6/6/23 at 6:48 pm to Eat Your Crow
quote:Seriously, no chance.
There is no fricking way people actually believe that.
Posted on 6/6/23 at 6:52 pm to RandySavage
quote:Neither side of players were right or wrong.
What sort of mindset leads one to think the people who tried to do the right thing
Posted on 6/6/23 at 6:53 pm to lsupride87
quote:
Apparently there will be a players board that decides which liv players can and can’t comeback and how they comeback
There is no chance this happens
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