It’s everywhere. The NBA is a lapdog for China. Soccer is next. Saudis are already buying aging world class players. Just a matter of time until they make the big push for the young stars.
OT: PGA and LIV Golf to merge….
- Thread starter mikemarc1
- Start date
It’s everywhere. The NBA is a lapdog for China. Soccer is next. Saudis are already buying aging world class players. Just a matter of time until they make the big push for the young stars.
Just read that LIV will play out 2023. LIV players will re-apply for membership to the PGA. Yeah, LIV won. Winners always apply to be the losers.
What it all comes down to is the QUID, QUAN, DINERO, CASH, DOLLAS, BUCK, ALMIGHTY DOLLAR, SAWBUCK, GREENBACKS, BUCKAROOS. M. O. N. E. Y!!!
Only really hope like 5 or 6 peeps get totally ****ed
1) Greg Norman the 1st Asshole that thought he was bigger than the game
2) Phil Mickelson the 2nd Asshole that thinks he is bigger than the game
3) Sergio garcia just because he is a little arrogant prick that needs to be slapped around
4) Patrick Reed enough said. (CHEATER)
5) Ian Poulter just am overall disrespectful Ass
6) Brooksey just because he was playing both sides of fence. Going there for the $$$ & less golf but not sold on the whole LIV think....at the end of the day words out if his own mouth only cares about majors
Only really hope like 5 or 6 peeps get totally ****ed
1) Greg Norman the 1st Asshole that thought he was bigger than the game
2) Phil Mickelson the 2nd Asshole that thinks he is bigger than the game
3) Sergio garcia just because he is a little arrogant prick that needs to be slapped around
4) Patrick Reed enough said. (CHEATER)
5) Ian Poulter just am overall disrespectful Ass
6) Brooksey just because he was playing both sides of fence. Going there for the $$$ & less golf but not sold on the whole LIV think....at the end of the day words out if his own mouth only cares about majors
Phil and Greg most definitely won. They forced he PGA to change and got paid huge money in the process. Don’t care about Sergio, Reed is a cheat, and Ian wasn’t making money anymore so who cares. Brooks most definitely didn’t lose. He dominates the game even though he’s been in LIV, got paid huge money, and now the PGA will welcome him back.
Not quite. PGA Tour Inc. will remain a 501c(6) which is exempt from fed taxes. The new entity that controls the three tours will be a for profit org.
Greg may make out financially but he will be kicked to the curb. I am 100% certain that was the reason he was not involved whatsoever in the talks between PIF & PGA.
In the end, when you face a competitor with unlimited cash reserves and a willingness to spend it, and you can make a deal where you still have control, you make the deal. LIV was John Rahm, Scottie Scheffler and one or two other guys away from breaking the PGA Tour.
The Saudi's see a global, untapped potential for golf as a business. Expect to see a schedule with a lot more international play. I think he LIV Tour is dead or at best, relegated to the silly season in November/December.
Also think the PGA Championship will go away as a major. They'll want a major in Asia and will likely expand the Open Championship to venues in continental Europe.
Just another part of the change to a multi-polar world. All these economies have grown and there is money and resources everywhere, hungry for sports like golf. Tip of the cap to the Saudi's for being at the forefront of the inevitable change.
The Saudi's see a global, untapped potential for golf as a business. Expect to see a schedule with a lot more international play. I think he LIV Tour is dead or at best, relegated to the silly season in November/December.
Also think the PGA Championship will go away as a major. They'll want a major in Asia and will likely expand the Open Championship to venues in continental Europe.
Just another part of the change to a multi-polar world. All these economies have grown and there is money and resources everywhere, hungry for sports like golf. Tip of the cap to the Saudi's for being at the forefront of the inevitable change.
PGA Tour-LIV Golf merger: 9/11 families tear into 'hypocrisy and greed' of commissioner Jay Monahan
Jay Monahan invoked the memory of 9/11 to attack LIV Golf. Then he merged with LIV Golf.
www.yahoo.com
PGA didn't have the $ to win this. I was told when LIV was 1st announced that they were all in no matter the cost. This was from a person deeply involved in the business. I was skeptical and said PGA would eat their lunch. My friend said "you have no idea how much money these guys are working with. "
Got an " I told you so" text yesterday. He was shocked it happened this fast. They're working on events already. Anybody saying LIV (as a concept) is dead and PGA won hasn't a clue.
Even though LIV wasn't booming, their mere presence changed the landscape. Once the PGA started raising purses and sharing more $ many players realised the PGA was stiffing them. Going forward LIV was gonna get a good share of the best players. PGA is the one calling for a truce. You'll see a bunch of face saving gestures soon. Doesn't change the result.
Got an " I told you so" text yesterday. He was shocked it happened this fast. They're working on events already. Anybody saying LIV (as a concept) is dead and PGA won hasn't a clue.
Even though LIV wasn't booming, their mere presence changed the landscape. Once the PGA started raising purses and sharing more $ many players realised the PGA was stiffing them. Going forward LIV was gonna get a good share of the best players. PGA is the one calling for a truce. You'll see a bunch of face saving gestures soon. Doesn't change the result.
I want starting times and cuts for all individual stroke play events.
So you think they'll will be a super LIV Tour with only the best players, on teams, playing in their shorts, with blaring music going on throughout the season while tournament golf is being played elsewhere with lesser players?
Zero chance of that. Jay all but said it was dead and that they would look into incorporating a team aspect to the overall Tour.
You're 100% correct about the money. In a way, even the most anti-Saudi/LIV guy owes some thanks to them. They really could have just broken the tour and went forward with LIV. This way, they keep the game and its historical history intact.
Wasn't talking about the logistics of tournaments (Shorts, music etc.). Was talking about the business model. The WWE stuff doesn't really work in the golf world. Served it's purpose though.
Once it reached a tipping point the PGA would be screwed. Writing was on the wall. Hence the deal
Pink Floyd said it best
Money
It's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star, daydream
Think I'll buy me a football team (Insert golf tour)
Money
It's a hit
Don't give me that do goody good bullshit
Money
So they say
Is the root of all evil today
Money
It's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star, daydream
Think I'll buy me a football team (Insert golf tour)
Money
It's a hit
Don't give me that do goody good bullshit
Money
So they say
Is the root of all evil today
The irony of it all is that Jimmy Dunne, one of the founders of Sandler O'Neill brought Yasir and Monahan together to get this deal done.
PGA Tour-LIV Golf merger: 9/11 families tear into 'hypocrisy and greed' of commissioner Jay Monahan
Jay Monahan invoked the memory of 9/11 to attack LIV Golf. Then he merged with LIV Golf.
Well said. Sad that, once again, dirty money trumps integrity and even worse how hypocritical the PGA "leadership" turned out to be.
Perfectly hits the nail on the head. They won.
From BD:
"I do feel bad for the PGA Tour players because they were told one thing and something else happened, and our side, we were told one thing and it's come to fruition," DeChambeau told CNN. "It does stink a little bit from my perspective that the PGA Tour players are not necessarily winning. I hope they can find a way to make sure that they are valued in the same way that we are over at LIV. I think that'll happen. It's just going to take some time."
The shockwaves from the deal are set to reverberate for a while. PGA Tour commissioner Jay Monahan faced calls to resign at a meeting with players at the Canadian Open in Toronto.
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And what they're doing to soccer now is also quite concerning.
Definitely the 3rd biggest threat to a peaceful world after Russia and China.
Although the talks have been going on for 7 weeks. The last straw for an independent PGA came last Friday in the 9th Circuit that denied the PGA dismissal of case between them and the LIV. The move required discovery. Some thought that was a loss for LIV. According to many sources the secrets of collusion tied to the PGA was the end. Mark Cannizzaro has some good stories in the NY Post today.
SIAP
www.yahoo.com
PGA Tour commissioner Jay Monahan called a hypocrite in ‘heated’ players meeting after surprise LIV Golf merger
Hours after the surprise announcement that LIV Golf and the PGA Tour were merging, Jay Monahan flew to Toronto to meet with Tour members.
That’s all talking points. They will try to overwhelm you with money at first but once they realize it’s not working, they will whine it down. Seen it done on couple of occasions. This was too high profile to just quietly go away.
Rory’s interview is interesting. Sounds LIV guys that didn’t bad mouth the tour will be allowed back. But the guys that were part of the lawsuit or bad mouth the tour will have a long way back.
To be clear what was denied was a motion filed by the PGA to dismiss LIV's claims that the PIF cannot be involved in the suit. The 9th Circuit was still going to hear the full case on whether the PIF and it's leaders would have to submit to discovery. That would have taken months, maybe years, and would have cost millions and it had to go through before the full anti-trust case could proceed.
The PIF fought vigorously to not have to be deposed and submit docs for discovery. They argued diplomatic cover here. PGA argued that by law, while the Saudis have diplomatic exceptions, those exceptions do not extend to US based businesses they control. They argued that because LIV was incorporated in Florida (I believe), then diplomatic exceptions did not apply in this case. The 9th Circuit not outright dismissing LIVs claims was a minor win for them (because while specific discovery tied to the PIF was halted, all other discovery could continue). But up until that point, they had largely taken losses in most of their suits.
The anti-trust case was going to go on for years and churn up millions in legal fees for both sides. And the feds might not be done with this yet as a couple of merger experts told the NYTimes (and Golf.com also has an article) that there is no doubt the US government is gonna be looking at this merger.
Unfortunately, it was from experience. I do find it funny every time I speak with the us reps, they alway say we have to speak to the king about that. Btw, the us reps that work for them are the last to know.
It's not the 3rd rail. This is a guy who lost 66 employees on 9/11. So he understands loss. But his current job with the PGA Tour was to fix this. And he did. PGA Tour was not in the position to keep fighting this.
Could this have had something to do with it? Was PGA tour about to lose John Rahm…..hmmm
There was no doubt that there was still a big threat to the PGA that they could lose a couple more guys despite the changes in pay. LIV's viewership was flatlined so the one option left (other than the curveball that came yesterday) was to just keep trying to throw millions at other big name guys and get them to join LIV.
Rahm always seemed hit or miss on jumping. He'd say he was in with the Tour but then later complain or point out something that he didn't like that they did.
This is exactly what I surmised above. If @MoreCowbellRU sources are good it makes a lot of potential sense.
This is the second time your are ignoring the fact that the discovey is two way street and the law expert that Golf Channel has on reiterated again today that the PGA was involved in collusion and that forced their hand.
Neither side wanted their secrets out so the merger (which Rory denied today) was a natural solution.
The expert also said that neither side has ended the mutual law suits as the agreement yesterday isnt binding or complete yet.
Anybody working over here on golf that is not a family member is not speaking to the King about anything. They're doing what they're told. You are correct.
Not buying that they are having the rug pulled out from under them though. The PGA side was shitting a brick. Why would they throw in the towel? These guys aren't some start up looking to be paid off to go away.
Could be wrong but it makes no logical sense.
If that was true, Rahm should be super pissed they took his payday away. Has he made a statement?
I wouldn’t describe it as rug pulled. They gave them a boat load of cash and ask that the operation be self sustaining after 3 years. It’s one thing to have money to burn, another why you burn cash for no good reason.
I am not ignoring anything (in fact in the very post you responded to, I made quite clear that other discovery would be on going despite the 9th Circuit dismissing the PGAs motion). I am providing more context to your post.
The 9th Circuit's ruling was a very narrow ruling dismissing the PGATs motion to have the PIFs appeal on protecting them from the lawsuit tossed.
Months ago the PGAT got a lower court to rule that the PIF could be included in the suit and as such would have to submit to discovery just like the PGAT and LIV. The PIF appealed that to the 9th circuit. The lower court then put a stay on the original order until the appeal could be heard.
The PGAT then submitted a motion to the 9th Circuit asking the appeals court to quickly dismiss the appeal and allow the PGAT to continue with discovery against the PIF. The 9th Circuit denied the motion and scheduled the appeal to be heard in the future.
I make no comments here about collusion or the likelihood the PGA or LIV would have won. Just specifically explaining what the 9th Circuit ruling was about. It was largely a discovery spat between the PGAT and the PIF. Clearly all sides had reasons to end the litigation. It would have dragged on for years, cost tens of millions and none of the three groups wanted their non public information aired in court. Although some of the PGA and LIVs information came out when Gooch and a couple of others tried to get an injunction over the PGAT suspension.
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