OT: PGA and LIV Golf to merge….
- Thread starter mikemarc1
- Start date
We are divorced now lol. He went wacko today! Back on ignore. Can't have a discussion with someone that admitted he can't read or remember what he posted an hour ago.
So it looks like the LIV isn't going anywhere or at least until the 2025 season. Interesting take by the author on many fronts. Especially that the team captains have a 25% ownership in their teams.
Last paragraph about Norman's future. If he is let go he has a huge golden parachute.
www.google.com
Last paragraph about Norman's future. If he is let go he has a huge golden parachute.
What now becomes of LIV Golf? Ask Yasir Al-Rumayyan
The new chairman of the board controls the money so he controls the future—not just of LIV but the entire sport.
www.google.com
The real story is starting to come out.
First contact was Jimmy Dunne to the Saudis
Why?
To end all lawsuits
Sounds like legal discovery uncovered many very damaging anti-trust items in the PGAs closet. The PGA was desperate and needed to cut a deal.
Surely more to come.
First contact was Jimmy Dunne to the Saudis
Why?
To end all lawsuits
Sounds like legal discovery uncovered many very damaging anti-trust items in the PGAs closet. The PGA was desperate and needed to cut a deal.
Surely more to come.
+1So it looks like the LIV isn't going anywhere or at least until the 2025 season. Interesting take by the author on many fronts. Especially that the team captains have a 25% ownership in their teams.
Last paragraph about Norman's future. If he is let go he has a huge golden parachute.
What now becomes of LIV Golf? Ask Yasir Al-Rumayyan
The new chairman of the board controls the money so he controls the future—not just of LIV but the entire sport.
Power statement:
Many, many details still have to be sorted out, including Norman’s role. The new company and tour that the PIF and the PGA Tour are creating are distinctly different from LIV, so perhaps Norman will continue to oversee his fiefdom. If not, someone close to him says, “He has a huge golden parachute. Greg will be fine.” If he doesn’t have a place in the new landscape, Norman can ride off into the sunset having helped achieve the sweeping change he sought for nearly three decades. But that’s the past. The future of golf doesn’t belong to Norman. Or Monahan or McIlroy. It belongs to Yasir Al-Rumayyan.
See my post above, why PGA cut the deal.
Been saying that for days now. The Golf Channel has an attorney/professor who has been all over this, she has been on several times this week
I think prior to next year both Monahan and Norman are out.
Also just to be clear the article I posted above from Golf Digest was a repost from a partner publication of theirs. I've never heard of this guy but he seems deep into this story but can't say everything he says is fact or opinion.
Heard that it’s the new WGC with international tournaments. Which is perfect for the game.So it looks like the LIV isn't going anywhere or at least until the 2025 season. Interesting take by the author on many fronts. Especially that the team captains have a 25% ownership in their teams.
Last paragraph about Norman's future. If he is let go he has a huge golden parachute.
What now becomes of LIV Golf? Ask Yasir Al-Rumayyan
The new chairman of the board controls the money so he controls the future—not just of LIV but the entire sport.
Yes, the WGC, as currently done, is just another stop in the USA or Mexico. They should be in Europe, Asia etc.
The DP Tour is in trouble these days. Not many stars left. This week's tournament has none as it is the week between the Memorial, an elevated event and the US Open. It's actually a mixed event where men and women are playing together at the same time. This is one of the DP Tour events where they play music on a few holes.
There will be some face saving going on for a little bit and the top PGA players will get a bump of some kind to equal things out.
LIV as a name maybe goes south but the NOT PGA side of this will be steering things.
Funny thing is, all they wanted was a seat at the table to get some international events with the best players. Being told to pound sand escalated things and it blew up in the PGAs face.
You think this worked out well for the PGA? I want some of what you're smoking.
No, that’s not what LIV wanted. They wanted us market share. They wanted to be the Champions league of golf. They were going to buy all the top players.
LIV is very likely to survive this season. There is no deal yet. There is an agreement to work under the concept announced this Tuesday.
Nothing is binding.
There is no contract.
There are very little details and even less agreed upon.
The lawsuits have NOT been dropped.
It's going to take a long time to get to a contract or realize there won't be a contract.
This could easily blow up as much it could succeed. Through in the DOJ.....
PGA loyalists, not LIV jumpers, to get equity in new firm: report
Golfers who stayed loyal to the US PGA Tour, but not those who jumped to LIV Golf, will receive equity shares in a new for-profit entity, ESPN reported on Friday.Jimmy Dunne, a member of the PGA Tour policy board who helped broker the shocking deal between his group and the Saudi backers of LIV...
LIV is the sacrificial lamb for PIF to get a seat with the PGA.
It's funny that each side came away with completely different versions of what little was agreed upon. Which is why I posted the above that this may never come about.
PGA loyalists, not LIV jumpers, to get equity in new firm: report
Golfers who stayed loyal to the US PGA Tour, but not those who jumped to LIV Golf, will receive equity shares in a new for-profit entity, ESPN reported on Friday.Jimmy Dunne, a member of the PGA Tour policy board who helped broker the shocking deal between his group and the Saudi backers of LIV...www.yahoo.com
LIV is the sacrificial lamb for PIF to get a seat with the PGA.
I think this is a face saving move by the PGA and something thawt will end up looking good now, but not like thought when all is said and done.PGA loyalists, not LIV jumpers, to get equity in new firm: report
Golfers who stayed loyal to the US PGA Tour, but not those who jumped to LIV Golf, will receive equity shares in a new for-profit entity, ESPN reported on Friday.Jimmy Dunne, a member of the PGA Tour policy board who helped broker the shocking deal between his group and the Saudi backers of LIV...
LIV is the sacrificial lamb for PIF to get a seat with the PGA.
But in making the deal the Saudis did throw some ( like Norman) under the bus and allow the PGA to decide what their punishment will be in an effort to appease the hardliners that opposed the LIV believing the crap Monahan was telling them in order for them to remain fully loyal to the PGA Tour and give it good PR during the fight.
I feel this deal was made because the PGA and LIV were both afraid the disclosures they both had to give the other were so damming the US government might start looking into both tours and both tours were spending far more money fighting each other than it was worth.
The PGA found someone who is highly respecte and looks at money issues first to end this fued so both wouldn't be losing as much as they were and
find a way for both tours to profit while getting the aveage golf fan to accept the deal instead of looking it as a copout by the PGA
What I posted was from someone who (Dunne) negotiated the deal. What others have posted is from Greg Norman who was not part of the negotiation.
Jimmy Dunne started the negotiations. He presented all of what is in that story and the SI story in the first face to face meetings. From there they played golf the next day. Met again and got him and Monahan to talk and eventually meet. There is no agreement on anything yet. Other then creating a TBD for a profit company to oversee it all and Yasir will be the top dog in whatever it's called. There is no promises on how much the PIV will put in. The announcement was way premature. Nothing is close to being a deal. Norman's call to the employees was done on Yasir behalf. They are planning for future years as Yogi famously said "It ain't over till it's over" .
The LIV/PIF is keeping the pressure up so they get everything they want. Jimmy is also a great negotiator. I'm sure any future meetings will be interesting.
The LIV/PIF is keeping the pressure up so they get everything they want. Jimmy is also a great negotiator. I'm sure any future meetings will be interesting.
The framework for the deal was signed so any announcement of having one done might be wrong, but understandably so because it's going to get done unless there's government interference, in which there should be none
( just rumors of that happening without anything to back it)
If Yasir told Norman too make a call it was so Greg could say a little face after the media implied the Saudis were throwing Norman under the bus while making a deal
Norman has been less visible this year and a source told Sports Illustrated that his decision-making role has been lessened. He was not mentioned by Yasir Al-Rumayyan, the governor of the PIP who was interviewed on CNBC on Tuesday when the news of the arrangement broke. He was also not part of the news release explaining the plan.
At this point in time no one really knows sh*t about what the deal will eventually be. It’s all just noise. Wake me up when the deal is done. Golf media just wants to continue to get clicks.
If there was a deal why would Yasir care about letting Norman saving face?? Hell Norman doesn't care as he is going to make a ton either way if the LIV ended today. He has a huge golden parachute. Again very little was agreed to other then agreeing to keep talking. Nothing is binding at this point and either side can walk away and continue the lawsuits. Which neither want to do.
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because if the LIV players feel Norman was thrown under the bus they might start bitching about what might happen to them now that the PGA gets to decide their future
>Golfers who stayed loyal to the US PGA Tour, but not those who jumped to LIV Golf, will receive equity shares in a new for-profit entity, ESPN reported on Friday.
Jimmy Dunne, a member of the PGA Tour policy board who helped broker the shocking deal between his group and the Saudi backers of LIV Golf, told ESPN that would be a way to reward players who stayed loyal to the PGA.
Dunne also said a committee that includes current PGA Tour players would decide on any potential punishments for players who left for LIV but would want to return to the PGA Tour.<
https://www.yahoo.com/sports/pga-loyalists-not-liv-jumpers-235120574.html
Believe who you want to believe. I'll keep believing the Attorney/Law professor Jodi Balsam who works for Golf Channel. She hasn't been wrong yet.
That's all we can do is go by what's being said from the likes of Balsam and Dunne and know what we think is going on now has more to it tan we know. By listing to Balsam and Dunne and others talking about the merger and all that goes with getting it implemented we are just getting the info being allowed out but not all the info about what's being discussed
I believe one of the issues facing the PGA and Saudis is making sure those that fought on their side don't look like they were thrown under the bus once the deal is complete.
There will be face saving moves made for them so they don't look like losers
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The problem is nobody is saying the same thing, not even close.
+1
Dunne and the PGA panicked due to what was uncovered during the anti-trust discovery. They made first contact and begged the Saudis to buy them out.
Could be right or could be that the PGA was bleeding too much money to win against a never ending flow of cash being put up against them.
They knew the LIV couldn't afford to give the PGA the information that would be revealed if they adhered to the courts disclosure ruling forcing the LIV to give the PGA the information demanded of them
That could have shown just how involved the Saudi Arabian government and Crown Prince Mohammed bin Salman was involved and changing the status of a private enterprise into a Saudi Government business endeavor.
I have no doubt the PGA didn't want their dealings known, but bleeding money was more of a factor for them and the reason for making first move, while the Saudis fear of what would be revealed when disclosing their business dealings made them willing to pay for peace
Wall Street Journal has a story today that Monahan told the PGA management employees that the PGA didn't have the money to pay the new purses and fight the LIV/PIF in the courts.
Now it becomes a fight for control vs needed money.
Wow! PIF/LIV really took them to the financial woodshed. Money always wins the day. I hope the Saudis do a good job running the PGA and other tours.
Yeah, folks with money like to say such things. It pacifies the people they buy. As long as they do what they are told.
as much as I like to think that, I feel in the end the Saudis will be calling the shots and Monahan just is the new Norman.
Sort of weird it feels like some folks here are rooting for the Saudis.
Im rooting for a better product…if the Saudis can give us that sure…I’ll root for them
