Always was going to end this way, makes to much sense..Seems like the golfers who took the money are going to make out big time.. Link - ( New Window )
the lower ranked guys who $ are probably going to have to re-qualify for their cards may have a tougher time. everything will probably work itself out in time pretty close to how things would have gone but remember, all the rule changes demanded by the players greatly favored those ranked in the top 50 or so the little guys (non-top 50's) probably ended up the biggest losers whether they took liv $ or not. credit to the guys who had the competitive drive to stay on the real tour more than anything else.
will be interesting to see the details of everything, the term "merger" seems very kind. I would imagine the pga retains control but took a very big check and in return is putting a few tournaments in KSA. and greg norman is screaming into a pillow in his palace in riyadh right now that he got fucked again.
good news for everyone that just wanted to see the best players play golf.
He was hating not being on your and now he’s back with $125 million in the bank.
Have to imagine the PGA does some sort of payout to Rory and Scheffler, right?
just a guess but i would think settlement $ here gets some kind of distribution to players on tour who chose to stay and will probably be divided on some kind of formula based on rankings.
Shocking that it really is and has always been about money - regardless of where it comes from. Hypocrites all of them.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
PGA was too controlling. I never watched any liv golf, and admired guys like Rory who stayed away, but I understood why those guys left, besides the money
and mostly seized on by people who aren't even fans of golf in the first place (again both sides).
the pga's reason for existing is professional competitive golf in a system that they've built over 100 years.
anyone that threatens that system for them is an enemy whether it's a group of nuns or somali pirates. same is true for anyone who is a fan of the pga tour.
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
the pga's reason for existing is professional competitive golf in a system that they've built over 100 years.
anyone that threatens that system for them is an enemy whether it's a group of nuns or somali pirates. same is true for anyone who is a fan of the pga tour.
100%. Shades of the American League-National League schism of 130 years ago.
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
Shocking that it really is and has always been about money - regardless of where it comes from. Hypocrites all of them.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
They "folded"? "Competitive golf"? Laughable. The PGA was threatening the players with being banned.
This is a merger and the head of the SAPIF is going to be chairman of the Board. The PGA lawyers must really not have liked what they were seeing in the antitrust suit.
Shocking that it really is and has always been about money - regardless of where it comes from. Hypocrites all of them.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
They "folded"? "Competitive golf"? Laughable. The PGA was threatening the players with being banned.
This is a merger and the head of the SAPIF is going to be chairman of the Board. The PGA lawyers must really not have liked what they were seeing in the antitrust suit.
in your infinite non-laughable wisdom what do you think the pga tour was threatening the players with being banned from, that as it turns out, many chose over money?
had one foot out the door and the PGA wanted to avoid the terrible press that would occur if they left. But the PGA still gets terrible press anyway
Most of Rahm's comments about LIV were positive and Rory went mum on LIV recently. I think they might have known and the rest of the PGA Tour top players didn't
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
i dont have any more understanding of the details than what's been released publicly so far so it's possible the PGA tour gave up all control, but my guess is that they didnt and they just took what is effectively an enormous sponsorship and defused a threat. which was always the most probable outcome with the unlimited $ the ksa seemed willing to throw around in this.
whether it's amex or hyundai or bmw or schwab or whoever, any commercial organization is willing to trade access/influence for $. that's why nfl games can be flexed on thursdays and why there are patches on mlb uniforms. the question with this deal like any is figuring out how much either side gave up and my guess (which is just based on the leverage either side had) the pga probably got a good deal. without knowing anything beyond what's come out so far that could be a total misread.
is that LIV is somehow connected to Jack Smith's special counsel investigation into Donald Trump's handling of classified documents. There was recent news about Smith looking into Trump's connections with LIV in what amounted to a quid pro quo. Do not make it political beyond that
had one foot out the door and the PGA wanted to avoid the terrible press that would occur if they left. But the PGA still gets terrible press anyway
Most of Rahm's comments about LIV were positive and Rory went mum on LIV recently. I think they might have known and the rest of the PGA Tour top players didn't
Rory probably knew the deal was coming, i think thats part kf why he skipped the ezclusive event a couple of weeks ago and took the fine..
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
i dont have any more understanding of the details than what's been released publicly so far so it's possible the PGA tour gave up all control, but my guess is that they didnt and they just took what is effectively an enormous sponsorship and defused a threat. which was always the most probable outcome with the unlimited $ the ksa seemed willing to throw around in this.
whether it's amex or hyundai or bmw or schwab or whoever, any commercial organization is willing to trade access/influence for $. that's why nfl games can be flexed on thursdays and why there are patches on mlb uniforms. the question with this deal like any is figuring out how much either side gave up and my guess (which is just based on the leverage either side had) the pga probably got a good deal. without knowing anything beyond what's come out so far that could be a total misread.
This is probably what the deal is, LIV investing into the PGA basically and creating a bigger company with more money..
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
LIV was a total failure but there were a bunch of court cases still pending that could have damaged the PGA.
Like settlements of high profile lawsuits, some kind of settlement was always likely here. Saudi was clearly willing to keep burning millions of dollars to get involved one way or another and there was nothing the PGA Tour could to stop that. That is what was different relative to the PGA Tour existing how they always had.
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
No inside intel here, but with Koepka winning the PGA, and many LIV players doing really well in The Masters and the PGA, I would guess that the PGA may have felt added pressure to make a deal to restore a unified tour with the best players.
have to give back the $ the Saudis gave them....
truth be told,it will probably be cheap for the Saudi's in the long run.
Sports Franchises cost Billions of $s to buy,and my guess is this will be the closest they will ever get at sniffing a sports franchise here in the USA.
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
LIV was a total failure but there were a bunch of court cases still pending that could have damaged the PGA.
Like settlements of high profile lawsuits, some kind of settlement was always likely here. Saudi was clearly willing to keep burning millions of dollars to get involved one way or another and there was nothing the PGA Tour could to stop that. That is what was different relative to the PGA Tour existing how they always had.
Thx.
Wasn't the issue also that players from LIV were banned from non majors? If the case why couldn't the PGA let them play, as long as they qualified earlier in the week before the four rounds?
I always think of the PGA like a league, and you have to be part of the league to compete. If you go to another league (LIV) you're over there now..........
Legal eagles probably break that logic down lol
“Those that fail to learn from history are doomed to repeat it"
When an upstart league (AFL, ABA) with big pockets come along, a merger ultimately happens. Why? Because the upstart league starts to take marquee players from the established one.
This merger was inevitable, but I am surprised it happened this soon.
will be interesting to see the details of everything, the term "merger" seems very kind. I would imagine the pga retains control but took a very big check and in return is putting a few tournaments in KSA. and greg norman is screaming into a pillow in his palace in riyadh right now that he got fucked again.
good news for everyone that just wanted to see the best players play golf.
Have to imagine the PGA does some sort of payout to Rory and Scheffler, right?
Have to imagine the PGA does some sort of payout to Rory and Scheffler, right?
just a guess but i would think settlement $ here gets some kind of distribution to players on tour who chose to stay and will probably be divided on some kind of formula based on rankings.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
There may be no money changing hands, like the wwe sale it was a stock sale..
My guess PGA didnt take much if any money at all in the deal from LIV
PGA is still in control, this isnt the Saudi's buying the PGA
????????
By the way i wasn't anti LIV persay...but the PGA and everyone having a moral high ground was virtue signaling at its best. It was about MONEY.
This feels like when dunder mifflin bought out the michael scott paper company.
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of that Saudi blood money
There may be no money changing hands, like the wwe sale it was a stock sale..
My guess PGA didnt take much if any money at all in the deal from LIV
Yeah sure. The PIF said its investing billions into the new company, and I'm sure will be the biggest shareholder.
Who has the money, has the control.
This X 1000. Will be entertaining to see all the hypocrites coming out in droves. A couple of them already on this thread.
the pga's reason for existing is professional competitive golf in a system that they've built over 100 years.
anyone that threatens that system for them is an enemy whether it's a group of nuns or somali pirates. same is true for anyone who is a fan of the pga tour.
https://twitter.com/kevinmkruse/status/1666101484121890819?s=46&t=x6YQLu0xv-nV5NdWjqEK7Q - ( New Window )
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
the pga's reason for existing is professional competitive golf in a system that they've built over 100 years.
anyone that threatens that system for them is an enemy whether it's a group of nuns or somali pirates. same is true for anyone who is a fan of the pga tour.
100%. Shades of the American League-National League schism of 130 years ago.
Quote:
is a great day for golf is a very odd take to me.
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
Quote:
Shocking that it really is and has always been about money - regardless of where it comes from. Hypocrites all of them.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
This is a merger and the head of the SAPIF is going to be chairman of the Board. The PGA lawyers must really not have liked what they were seeing in the antitrust suit.
I love golf and was hoping this exact outcome could be achieved where both bodies combined.
But the PGA - the organization and certain players - looks very bad here after all of public barking. They folded big time.
Money is a very powerful drug.
Look at all the land out west for Alfafa they own. And how much of Manhattan they own if you could ever untangle it all.
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how much saudi money is flowing through the United states, they have money in everything
Look at all the land out west for Alfafa they own. And how much of Manhattan they own if you could ever untangle it all.
Yup anything they can invest in and make money they do it...They actually bought WWE , than sold it back, Vince made a Billion on the deal...
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In comment 16128495 DCOrange said:
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Shocking that it really is and has always been about money - regardless of where it comes from. Hypocrites all of them.
for some it wasn't all about the money - like the players who turned down money because they cared about competitive golf. for the majority of fans that was the biggest problem with the liv threat. it was shitty purposeless golf which is why it folded almost instantaneously despite infinite resources.
They "folded"? "Competitive golf"? Laughable. The PGA was threatening the players with being banned.
This is a merger and the head of the SAPIF is going to be chairman of the Board. The PGA lawyers must really not have liked what they were seeing in the antitrust suit.
in your infinite non-laughable wisdom what do you think the pga tour was threatening the players with being banned from, that as it turns out, many chose over money?
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
Most of Rahm's comments about LIV were positive and Rory went mum on LIV recently. I think they might have known and the rest of the PGA Tour top players didn't
I mean Tiger turned down a billion dollars...
Does anyone know how those contracts are paid out?
Quote:
In comment 16128551 arniefez said:
Quote:
is a great day for golf is a very odd take to me.
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
i dont have any more understanding of the details than what's been released publicly so far so it's possible the PGA tour gave up all control, but my guess is that they didnt and they just took what is effectively an enormous sponsorship and defused a threat. which was always the most probable outcome with the unlimited $ the ksa seemed willing to throw around in this.
whether it's amex or hyundai or bmw or schwab or whoever, any commercial organization is willing to trade access/influence for $. that's why nfl games can be flexed on thursdays and why there are patches on mlb uniforms. the question with this deal like any is figuring out how much either side gave up and my guess (which is just based on the leverage either side had) the pga probably got a good deal. without knowing anything beyond what's come out so far that could be a total misread.
I mean Tiger turned down a billion dollars...
Does anyone know how those contracts are paid out?
Up front, they got paid on signing..
and tiger was offer 750, he has mentioned if it was a billion it may have been worth it..
Most of Rahm's comments about LIV were positive and Rory went mum on LIV recently. I think they might have known and the rest of the PGA Tour top players didn't
Rory probably knew the deal was coming, i think thats part kf why he skipped the ezclusive event a couple of weeks ago and took the fine..
Quote:
In comment 16128558 Eric on Li said:
Quote:
In comment 16128551 arniefez said:
Quote:
is a great day for golf is a very odd take to me.
that depends on how much of it they got in the deal. i dont disagree with that but it seems unlikely monahan would have caved for a weak deal when he could have done that at the beginning.
Per ESPN:
"PIF will be the exclusive investor in the new entity and will have the "exclusive right to further invest in the new enterprise, including a right of first refusal on any capital invested.""
PIF is the Saudi Arabian "Public Investment Fund." It does sound like they are the buyer in this transaction.
i dont have any more understanding of the details than what's been released publicly so far so it's possible the PGA tour gave up all control, but my guess is that they didnt and they just took what is effectively an enormous sponsorship and defused a threat. which was always the most probable outcome with the unlimited $ the ksa seemed willing to throw around in this.
whether it's amex or hyundai or bmw or schwab or whoever, any commercial organization is willing to trade access/influence for $. that's why nfl games can be flexed on thursdays and why there are patches on mlb uniforms. the question with this deal like any is figuring out how much either side gave up and my guess (which is just based on the leverage either side had) the pga probably got a good deal. without knowing anything beyond what's come out so far that could be a total misread.
This is probably what the deal is, LIV investing into the PGA basically and creating a bigger company with more money..
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
LIV was a total failure but there were a bunch of court cases still pending that could have damaged the PGA.
Like settlements of high profile lawsuits, some kind of settlement was always likely here. Saudi was clearly willing to keep burning millions of dollars to get involved one way or another and there was nothing the PGA Tour could to stop that. That is what was different relative to the PGA Tour existing how they always had.
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
No inside intel here, but with Koepka winning the PGA, and many LIV players doing really well in The Masters and the PGA, I would guess that the PGA may have felt added pressure to make a deal to restore a unified tour with the best players.
truth be told,it will probably be cheap for the Saudi's in the long run.
Sports Franchises cost Billions of $s to buy,and my guess is this will be the closest they will ever get at sniffing a sports franchise here in the USA.
Quote:
..and bullshit walks.
I don't know all the particulars, but why couldn't the PGA just exist on its own as it always has?
LIV wasn't kicking their ass in ratings right? Were more players making their way over there?
LIV was a total failure but there were a bunch of court cases still pending that could have damaged the PGA.
Like settlements of high profile lawsuits, some kind of settlement was always likely here. Saudi was clearly willing to keep burning millions of dollars to get involved one way or another and there was nothing the PGA Tour could to stop that. That is what was different relative to the PGA Tour existing how they always had.
Thx.
Wasn't the issue also that players from LIV were banned from non majors? If the case why couldn't the PGA let them play, as long as they qualified earlier in the week before the four rounds?
I always think of the PGA like a league, and you have to be part of the league to compete. If you go to another league (LIV) you're over there now..........
Legal eagles probably break that logic down lol
This merger was inevitable, but I am surprised it happened this soon.