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It's good to be The King!


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6 hours ago, R_Swanson said:

 

Well, please note I didn't say he should have taken all their money and ran...  But he should have had the foresight to take their calls and had discussions.  That's his job - and its why he makes 15-20mm a year.  I've read all the reporting I can find on this aspect of the LIV / PGAT stuff, as its the part I find the most interesting, and from all accounts he refused to talk to the Saudi's.

 

Re: DP World Tour cash injection - correct me if I am wrong, but instead of talking to the Saudi's, didn't the PGA Tour make a strategic alliance with the DP Tour in 2020 - with the idea that it was fighting off another avenue that the PIF could take?  Speculation of course as to the reason why... but they injected more money into it in 2022 as a result of LIV. 

 

8% return on 700B is 56B a year.  Not a tough return, especially with the yield curve today.  They can pay for Neom with 9 yrs of returns - without taking into account compounding.

 

Here's the thing that most sad to me.  It was a real opportunity to control the narrative around this, and inject money downstream into golf.  It is not easy to be a professional golfer unless you are one of the top 300ish players in the world.  Sure, the top guys should be getting more money - and now they are, both on the PGAT and LIV, but the real opportunity was to inject money into the sport down the ranks.  You can be the 5,000th best basketball player in the world and make a nice living.  You can go be a bullpen guy in MEXICO and make 100k tax free.  Golf also has a unique opportunity as women sports are getting more airtime for societal reasons, and golf is one of the only three women's sports (tennis, golf and UFC) that people actually watch.  There was/is a lot of strategic opportunity to reshape the professional game in a way that can help a lot more people make a living playing it.  Instead Monahan decided it was best to put his head in the ground.  The guy is anything but a visionary.

 

Please note:  This doesn't mean I am a "LIV guy" or like the format or anything like that.  I don't.  I do watch it occasionally when I'm bored, as the app makes it so I can watch golf on a weeknight.  But I like 72 hole, cuts after 2 days golf the best.

 


 

19 minutes ago, dwboston said:

 

He arrogantly dismissed the notion that he had a competitor, panicked when he started losing players, refused to negotiate, played the 9/11 card, sent his remaining stars out to defend the Tour (and by extension, him), then hung them out to dry by striking the "framework" deal.  And lets not forget his health "crisis" in the middle of it all.

 

Any competent organization would have already sent him packing.  


 

 

The notion that 

 

“ if Jay had just talked to the Saudis, we wouldn’t be in this mess”

 

is the definition of putting your head in the sand 🤣

 

It’s naive to think that SA just wanted to “make an investment” and yayyyy! there would be all this money would be used to expand golf around the world, 

 

Just look at the initial framework deal to see what SA wanted all along 

 

50% of the Tour and ARum as chairman of the board

 

I applaud Jay for flanking them so effectively. 
 

If PIF truly wants to “ make an investment and grow the game” they are welcome to invest their billions into the new entity. No one is stopping them. 

Edited by bscinstnct
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1 minute ago, bscinstnct said:


 


 

 

The notion that 

 

“ if Jay had just talked to the Saudis, we wouldn’t be in this mess”

 

is the definition of putting your head in the sand 🤣

 

It’s naive to think that SA just wanted to “make an investment” and yayyyy! there would be all this money would be used to expand golf around the world, 

 

Just look at the initial framework deal to see what SA wanted all along 

 

50% of the Tour and ARum as chairman of the board

 

I applaud Jay for flanking them so effectively. 
 

If PIF truly wants to “ make an investment and grow the game” they are welcome to invest their billions into the new entity. No one is stopping them. 

 

You're putting words in my mouth.  I never said that he needed to talk to the Saudis.  He got blindsided, responded arrogantly, then made the situation worse at every turn.  He's a clown.

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18 minutes ago, dwboston said:

 

He arrogantly dismissed the notion that he had a competitor, panicked when he started losing players, refused to negotiate, played the 9/11 card, sent his remaining stars out to defend the Tour (and by extension, him), then hung them out to dry by striking the "framework" deal.  And lets not forget his health "crisis" in the middle of it all.

 

Any competent organization would have already sent him packing.  

He still doesn't have a competitor. As far as the vast majority of golf fans the other league doesn't exist. Poaching has proven completely ineffective in attracting viewers. Playing the 9/11 card is legit, but it just shows how morally bankrupt and greedy people can be, and I'm not going to say anymore than that. 

 

A framework deal was an attempt at a peace offering to end the war. 

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8 minutes ago, BlackDiamondPar5 said:

He still doesn't have a competitor. As far as the vast majority of golf fans the other league doesn't exist. Poaching has proven completely ineffective in attracting viewers. Playing the 9/11 card is legit, but it just shows how morally bankrupt and greedy people can be, and I'm not going to say anymore than that. 

 

A framework deal was an attempt at a peace offering to end the war. 

 

The 9/11 card was desperate, and comical at best, given that virtually every one of the Tour's sponsors, and every Fortune 500 company, does business with the Saudis.  

 

The Tour's TV ratings seem to show some cracks in the carefully constructed PR facade.

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16 minutes ago, dwboston said:

 

You're putting words in my mouth.  I never said that he needed to talk to the Saudis.  He got blindsided, responded arrogantly, then made the situation worse at every turn.  He's a clown.


 

How do you know he “responded arrogantly”?

 

Are you privy to what SA demanded prior to launching liv?

 

And how the the tour actually responded?

 

 

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11 minutes ago, dwboston said:

 

The 9/11 card was desperate, and comical at best, given that virtually every one of the Tour's sponsors, and every Fortune 500 company, does business with the Saudis.  

 

The Tour's TV ratings seem to show some cracks in the carefully constructed PR facade.

None of the families think it's comical and you're being insensitive!  As far as doing business with them and taking their money, that's fine!  It's far different than joining them to help them create a business to destroy a business in the free world.   

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