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Started By
Message
re: PGA Tour to merge with LIV Golf
Posted on 6/7/23 at 8:02 am to usc6158
Posted on 6/7/23 at 8:02 am to usc6158
quote:This is far from over on many angles. To start, it still has to pass the PGA players board vote before it even gets to the legal process
The more you read, the less likely it seems this is getting past DOJ and the FTC let alone European regulators who will take absolute glee in killing this deal.
1
Posted on 6/7/23 at 8:12 am to lsupride87
quote:
Greg Norman got his wish?
Absolutely he did. A clip was played from a year ago were he laid out exactly what he wanted which was a merger that would allow for golf to played more internationally. The World Tour he has always advocated for. What he described is exactly what is taking place.
His goal was never to run LIV, it has always been exactly what just happened.
Posted on 6/7/23 at 8:16 am to beaverfever
quote:No western source would invest anywhere near what the Saudis are investing.
Why didn’t the PGA just pursue an investment from a western source and go to a for-profit model on their own terms? I suppose if the Saudis really don’t care about the return portion of their investment then it would be hard to field a competitive offer. That’s just kind of crazy because it would imply that they’re 100% using this as a means of “sports washing”
As an example, the Saudi government is pumping funds into soccer. A 35 year old but elite soccer player, Karim Benzema, just signed a 3 year $643 million contract. That is not a typo, that's $214 million per season to play in a Saudi league.
That's basically what a firm from the west would be up against.
Posted on 6/7/23 at 8:24 am to deathvalleytiger10
quote:His goal was always to merge secretly without him knowing and be left out after the merger?
His goal was never to run LIV, it has always been exactly what just happened.
Posted on 6/7/23 at 8:30 am to shel311
quote:
His goal was always to merge secretly without him knowing and be left out after the merger?
No, his goal was for a world tour. Norman did not start LIV and was brought in late in the game. His goal was achieved based on his previous statements.
Posted on 6/7/23 at 8:48 am to deathvalleytiger10
quote:
No, his goal was for a world tour. Norman did not start LIV and was brought in late in the game. His goal was achieved based on his previous statements.
I believe Norman's goals were probably closer to try and destroy the PGA tour and to make himself even richer and powerful.
Posted on 6/7/23 at 8:55 am to usc6158
quote:
The more you read, the less likely it seems this is getting past DOJ and the FTC let alone European regulators who will take absolute glee in killing this deal.
No Laying Up discussed this. They think the government will look the other way…they think this has been done to open the oil production from the Saudis in return of allowing this merger.
Posted on 6/7/23 at 8:56 am to WildcatMike
quote:
they think this has been done to open the oil production from the Saudis in return of allowing this merger
Lol
Posted on 6/7/23 at 8:57 am to WildcatMike
quote:
they think this has been done to open the oil production from the Saudis in return of allowing this merger.
Not sure I would be listening to them anymore with takes like this. Holeeee Chit!
Posted on 6/7/23 at 8:57 am to RedHawk
quote:
believe Norman's goals were probably closer to try and destroy the PGA tour and to make himself even richer and powerful.
Bingo
Posted on 6/7/23 at 8:59 am to ShaneTheLegLechler
quote:
ShaneTheLegLechler
I’m just telling you what the boys of No Laying Up are saying. It’s makes sense, the US government want the wells to open up more by the Saudis to keen the gas prices down. If this gets approved by the FTC, then you know why!
Posted on 6/7/23 at 9:01 am to WildcatMike
I’m telling you they are completely full of shite
Posted on 6/7/23 at 9:01 am to RedHawk
quote:
RedHawk
Here you go…have a listen.
No Laying Up
quote:
The golf world was rocked by a stunning announcement Tuesday morning that the PGA Tour would be forming a new "commercial entity" with the Saudi Public Investment Fund, including LIV Golf, as well as the DP World Tour. The boys fire up an emergency Live Show to discuss what details are known at this point, what the road back to the PGA Tour could look like for players who made the jump to LIV, some potential FTC-DOJ legal roadblocks, and a ton more.
Posted on 6/7/23 at 9:02 am to WildcatMike
quote:
No Laying Up discussed this. They think the government will look the other way…they think this has been done to open the oil production from the Saudis in return of allowing this merger.
That might work if we were talking about a State Department waiver where a trade like that might make sense. No way the FTC or DOJ care what State want, let alone regulators in Europe.
Killing off a Saudi golf takeover is like a bureaucrats wet dream.
Posted on 6/7/23 at 9:03 am to WildcatMike
So no one knew about this merger or saw it coming but the no laying up boys have all the inside info???
Posted on 6/7/23 at 9:03 am to RedHawk
quote:
I believe Norman's goals were probably closer to try and destroy the PGA tour and to make himself even richer and powerful.
None of that is based in reality or what he has said for many years. If the PGA Tour is destroyed as you say, how does that make him richer or more powerful?
The media hates him and spins this as a great slap in his face. My bet is he is laughing at all of the haters right now as what he pushed for is happening.
Posted on 6/7/23 at 9:04 am to GooseCreekMafia
Geopolitical takes from the Boys at No Laying Up
Posted on 6/7/23 at 9:05 am to ShaneTheLegLechler
quote:
I’m telling you they are completely full of shite
it wasn't something I think they put a lot of thought into. I only listened to the first half or so on my way in.
The line about the DOJ was just kind of a "who fricking knows what is going to happen"
This post was edited on 6/7/23 at 9:06 am
Posted on 6/7/23 at 9:05 am to GooseCreekMafia
It’s a theory floated by TC.
Posted on 6/7/23 at 9:25 am to lsupride87
quote:
To start, it still has to pass the PGA players board vote
I doubt they’ll vote against making their purses 10x what they are now.
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