PGA TOUR, DP World Tour and PIF announce newly formed commercial entity (*** NO POLITICS ***)

[j.b.newton]

7 hours ago, woahnelly said:

 

I'm still confused and can't find an answer. I would have thought the SSG only got involved pending the PIF larger investment to bail them out. But Jordan Speith, now also master of business, is telling us otherwise. 

 

Or maybe the PGA wants the SSG on board so they actually have smart people in the room to deal with the PIF if/when that transaction ever goes down. 

 

I'm flip flopping back to team Rory on this one because he's actually got Yasir's phone #

Is that a prediction? 🙂

[Titleist99]

8 hours ago, woahnelly said:

 

I'm still confused and can't find an answer. I would have thought the SSG only got involved pending the PIF larger investment to bail them out. But Jordan Speith, now also master of business, is telling us otherwise. 

 

Or maybe the PGA wants the SSG on board so they actually have smart people in the room to deal with the PIF if/when that transaction ever goes down. 

 

I'm flip flopping back to team Rory on this one because he's actually got Yasir's phone #

Oh, I think eventually the PIF will enter into the fray. SSG is backup and additional revenue.

 

Actually, I think that Spieth was right when he said that the PGAT don't need PIF Nor did they actually need SSG. IMO Greed or opportunity, one of the two.

 

The PGAT is a stand alone business. IMO

[Holy Moses]

Can’t bring up the political angle of the potential PGA Tour/PIF investment, but take a look at Bloomberg’s @jordanfabian and his most recent report to see how dangerous the Congressional approval process might be

 

[jdl]

Phil was right about these guys...

Edited February 7 by jdl

[ahenderX]

40 minutes ago, jdl said:

Phil was right about these guys...

If the Tour does not do a deal with PIF, Jay may need to hire Reacher as his personal assistant.

[ahenderX]

Here's a Yahoo Finance article that is not behind a paywall.

 

US Senators Accuse McKinsey, BCG of Hindering PGA-LIV Probe

[jdl]

 

[Maine Golfer]

Its really sad at this point. 

 

Lotta good golf going on at the pro level, real sad this is gonna drag out.  Makes a fun sport look so bad. 

[bcjim]

2 hours ago, jdl said:

 

Clusterfuck incoming... who decides who gets what?

 

Also,  where is the *actual cash* going if it's not an immediately fungible thing for these players? Not that I think handing out cash is a good idea.  But is this anything of value?

[00steven]

It’s obvious that Monohan and the boys want no merger. It only will cost them the longer they fight.

[Maine Golfer]

Who gets paid extra right now however isn't gonna resolve things.  I dont even care about that detail, all these players have nice houses

 

 

We got to get to deal or no deal, thats all that maters. 

[Stevens24]

1 hour ago, bcjim said:

Clusterfuck incoming... who decides who gets what?

 

Also,  where is the *actual cash* going if it's not an immediately fungible thing for these players? Not that I think handing out cash is a good idea.  But is this anything of value?

Tournament purses would be my guess. But this payout is like getting stock in a start up, you never know what it may or not be worth. Meanwhile LIV is offering 50-100 millkion cash and larger purses. I get the moral argument but at the end of the day these guys play for money. If you are a kid and you see Surrat why would you go to the tour? I think a fair amount were waiting to see what this brought. I for 1 am not really impressed.

[Cactus Jack]

1 hour ago, bcjim said:

Clusterfuck incoming... who decides who gets what?

 

Also,  where is the *actual cash* going if it's not an immediately fungible thing for these players? Not that I think handing out cash is a good idea.  But is this anything of value?

I agree. 
 

One positive is the PGAT doesn’t need to worry about LIV anymore. They just created a civil war, which will keep them preoccupied for the foreseeable future. 
 

 

[stinger_gc]

2 hours ago, bcjim said:

Clusterfuck incoming... who decides who gets what?

 

Also,  where is the *actual cash* going if it's not an immediately fungible thing for these players? Not that I think handing out cash is a good idea.  But is this anything of value?

This seems like they’re expanding the PIP. I agree that the top performers and those who bring eyeballs to the tour deserve the most equity.
I feel like this could get super messy especially when it comes time to bring in PIF. Seems like Rory has one school of thought and a certain sector of players have another school of thought 

[ahenderX]

Here's where the $930 million is going.

 

Golf Monthly - PGA Tour Reveals Key Details About $930m Player Equity Grants

 

 

[Titleist99]

3 hours ago, ahenderX said:

Here's where the $930 million is going.

 

Golf Monthly - PGA Tour Reveals Key Details About $930m Player Equity Grants

 

 

Designed specifically to retain the top 10-20 players.

 

Keep in mind though, that it means nothing when a gullible irrational entity that has no expectations of a return on its investment offers a player over $1/2 Billion to play exhibition Golf.

[bcjim]

Will there be a stipulation that you cannot leave if you take the equity? Surely there must be, right?  Not going to give Rory a 50 million of this "equity" and hope he hangs around right?

[RobS]

1 hour ago, bcjim said:

Will there be a stipulation that you cannot leave if you take the equity? Surely there must be, right?  Not going to give Rory a 50 million of this "equity" and hope he hangs around right?

I read that the equity vests over a 5 year period.  They can't make players stay but players would lose their shares if they left during the vesting period.

[stinger_gc]

46 minutes ago, bcjim said:

Will there be a stipulation that you cannot leave if you take the equity? Surely there must be, right?  Not going to give Rory a 50 million of this "equity" and hope he hangs around right?

I would assume yes. I wonder if this would make pga tour golfers salaried employees technically 

[Titleist99]

1 hour ago, bcjim said:

Will there be a stipulation that you cannot leave if you take the equity? Surely there must be, right?  Not going to give Rory a 50 million of this "equity" and hope he hangs around right?

Well, they could do like the PIF does, they can stipulate that leaving will cost you three times the amount. That's one way to get compensated.

[Ole3wiggle]

2 hours ago, Titleist99 said:

Designed specifically to retain the top 10-20 players.

 

Keep in mind though, that it means nothing when a gullible irrational entity that has no expectations of a return on its investment offers a player over $1/2 Billion to play exhibition Golf.

At what point will it not be considered exhibition to you? Lets say 2-3 years from now (for this hypothetical scenario things are the way they are currently) they have Rory, Hovland, Fitzpatrick, Theegala, whoever else.... etc. My question being when does the tipping point occur for you when the field is too strong to ignore & winning a LIV event is no longer exhibition golf? 

 

Also, when is the field better than the DPWT field? Is the Qatar tournament this week exhibition golf? 

[Stevens24]

If you leave I would assume you simply  forego the equity. So for Rory 100 million in 10 years maybe, or 500 million now.

 

Would not be a tough choice for me

[bekgolf]

7 hours ago, Ole3wiggle said:

At what point will it not be considered exhibition to you? Lets say 2-3 years from now (for this hypothetical scenario things are the way they are currently) they have Rory, Hovland, Fitzpatrick, Theegala, whoever else.... etc. My question being when does the tipping point occur for you when the field is too strong to ignore & winning a LIV event is no longer exhibition golf?

 

That doesn't happen imo.  The format isn't interesting to most golf fans.  I watch golf to see the competition not necessarily because so and so is playing.  Liv could buy all the pro golfers and it still wouldn't be interesting to me.

 

I keep seeing posts that suggest golf fans would watch Liv if there isn't any other golf available.  That's not how it works, PGA has cultivated a tournament format that works for golf fans.  Liv doesn't have that and viewership numbers reflect how uninteresting it is for most golf fans. 

 

Look at how they are going about setting up shop by tearing the PGA apart, that alone alienates fans from watching it.  Being the only golf around won't help to draw in fans imo.  If the Liv format worked they wouldn't need to throw huge sums of money at the pros to join, they would also have good viewer numbers.

[hunterdog]

9 hours ago, Ole3wiggle said:

At what point will it not be considered exhibition to you? Lets say 2-3 years from now (for this hypothetical scenario things are the way they are currently) they have Rory, Hovland, Fitzpatrick, Theegala, whoever else.... etc. My question being when does the tipping point occur for you when the field is too strong to ignore & winning a LIV event is no longer exhibition golf? 

 

Also, when is the field better than the DPWT field? Is the Qatar tournament this week exhibition golf? 

I have many problems with LIV beyond its exhibition nature, however, with regard to your question: I will consider LIV more than an exhibition tour when all of the tour’s members may, based upon poor play, fall off the tour. Right now all of the LIV captains and contract players are guaranteed their spots on LIV, regardless of their abilities. Also, there must a process where players can compete for spots on LIV. I still won’t watch but I would less likely to call it exhibition golf.

[woahnelly]

1 hour ago, hunterdog said:

I have many problems with LIV beyond its exhibition nature, however, with regard to your question: I will consider LIV more than an exhibition tour when all of the tour’s members may, based upon poor play, fall off the tour. Right now all of the LIV captains and contract players are guaranteed their spots on LIV, regardless of their abilities. Also, there must a process where players can compete for spots on LIV. I still won’t watch but I would less likely to call it exhibition golf.

 

Someone like Richard Bland needs to finish 24th or better each year to keep living his dream but guys like Phil and Kaymer can go DFL every tournament and be exempt from relegation because of their "captain status" is pretty lame. 

[Titleist99]

9 hours ago, woahnelly said:

 

Someone like Richard Bland needs to finish 24th or better each year to keep living his dream but guys like Phil and Kaymer can go DFL every tournament and be exempt from relegation because of their "captain status" is pretty lame. 

Classic example of "Exhibition golf"

 

Others may or may not share my opinion and that's  okay. I won't begin to try to tell anyone how to enjoy their golf.🙂🙂

[woahnelly]

2 hours ago, Titleist99 said:

Classic example of "Exhibition golf"

 

Others may or may not share my opinion and that's  okay. I won't begin to try to tell anyone how to enjoy their golf.🙂🙂

 

I just want to see Bland win $40 mil in prize money and eventually the British Senior Open. Then we can get Daniel Craig to play him in the Award Winning Movie, Clint Eastwood can direct 😂

[betarhoalphadelta]

13 hours ago, hunterdog said:

I have many problems with LIV beyond its exhibition nature, however, with regard to your question: I will consider LIV more than an exhibition tour when all of the tour’s members may, based upon poor play, fall off the tour. Right now all of the LIV captains and contract players are guaranteed their spots on LIV, regardless of their abilities. Also, there must a process where players can compete for spots on LIV. I still won’t watch but I would less likely to call it exhibition golf.

 

I'd add one more. For any player who obtains more compensation from LIV via their contract than their tournament winnings, IMHO it's exhibition golf. 

 

Hell, every time the PGA Tour rolls out Tiger, it's basically exhibition golf for him, given that the Tour is trying to funnel money to him any way they can (PIP, sim league partnership, etc) and it's not like he's fighting out there for a paycheck. 

[Ole3wiggle]

On 2/8/2024 at 8:33 PM, bekgolf said:

 

That doesn't happen imo.  The format isn't interesting to most golf fans.  I watch golf to see the competition not necessarily because so and so is playing.  Liv could buy all the pro golfers and it still wouldn't be interesting to me.

 

I keep seeing posts that suggest golf fans would watch Liv if there isn't any other golf available.  That's not how it works, PGA has cultivated a tournament format that works for golf fans.  Liv doesn't have that and viewership numbers reflect how uninteresting it is for most golf fans. 

 

Look at how they are going about setting up shop by tearing the PGA apart, that alone alienates fans from watching it.  Being the only golf around won't help to draw in fans imo.  If the Liv format worked they wouldn't need to throw huge sums of money at the pros to join, they would also have good viewer numbers.

You never answered my question. You just stated again why you don't like LIV. Which is fine. 

 

To your "reasoning" of the format not being interesting to golf fans, 90% of golf "fans" thing the masters and all the majors are controlled by the PGA Tour. 

 

The majors made out like bandits because of this divide

[Ole3wiggle]

On 2/9/2024 at 9:18 AM, Titleist99 said:

Classic example of "Exhibition golf"

 

Others may or may not share my opinion and that's  okay. I won't begin to try to tell anyone how to enjoy their golf.🙂🙂

Ya cause all your other posts state how "deep" the PGA TOUR is and how great it is to have leaderboards like this week at Waste Management. 

 

BUT you also state that the best players play on that tour and the "mules" or every day players shouldnt have a voice in the direction of the Tour itself cause they dont bring in the revenue. 

 

Just trying to figure out which it is?