LIV Golf Now Closed?

[turtleback]

10 hours ago, klineka said:

Every time a player would want to sell shares then someone would have to re-value the tour in order to accurately place a price on those shares, right?

 

I don't really see (yet) how this benefits the fans. 

 

I don't think any of this has had anything to do with benefitting the fans.

[StuM]

10 hours ago, klineka said:

Every time a player would want to sell shares then someone would have to re-value the tour in order to accurately place a price on those shares, right?

 

I don't really see (yet) how this benefits the fans. 

Nobody said the equity ownership was to help the fans.  It is to help the players and maybe-possibly-hopefully encourage them and other equity owners to do something for the fans in hopes of driving the share value up.

Assuming a “closely held company they may have an accounting firm do an annual evaluation, no daily valuations like publicly traded companies.  Players would only be able to sell based on that annual valuation.  

[iacas]

At some point, though, they're going to have to do something for the fans, because otherwise there won't be enough fans to grow and make money.

Golf companies have said they show their ads too much — they de-value them. If you see an ad 2x an hour, that's plenty. Seeing it three, four, five times an hour… starts to turn people off to it.

These SSG guys will know a bit about how to do this — viewership numbers stink, and will have to climb. Other forms of participation will have to go up. How about PPV channels to watch your favorite player(s) play their rounds?  Etc.

I don't think SSG thinks they can continue to abuse the fans.

[GolfLug]

On 2/1/2024 at 7:30 PM, iacas said:

At some point, though, they're going to have to do something for the fans, because otherwise there won't be enough fans to grow and make money.

 

Agreed 100%. Speaking in a broad sense, there seems to this heavy air of over-valuation of the product. The product does sell but at some point it just won't. 

[snapfade]

It's a two front issue. You have TV viewership which was touched on above, and in person attendance. I don't think they are too concerned with the in person attendance though. Its 80 bucks this year for the API for Sat or Sun not including parking. That money goes to the Winnie Palmer Hospital charity and other local charities, probably a tax write-off for the Tour. 15 bucks for a beer last year, 40 bucks for a hat, 15 to park at Universal and the place was packed, and the beer was everywhere. I wonder how many people do not attend because of the price? 

[pganapathy]

PGA Tour 2024, LIV Golf news: Adrian Meronk dealt slow play penalty that costs him $385,000 in prize money

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Rarely-enforced rule costs star $385k, exposes ruthless flip side to LIV Golf

Say whatever else you will about LIV golf, they are at least serious about enforcing slow play penalties.  I love that about them.  Now if only the PGA tour can learn from this and do the same.

[snapfade]

8 hours ago, pganapathy said:

PGA Tour 2024, LIV Golf news: Adrian Meronk dealt slow play penalty that costs him $385,000 in prize money

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Rarely-enforced rule costs star $385k, exposes ruthless flip side to LIV Golf

Say whatever else you will about LIV golf, they are at least serious about enforcing slow play penalties.  I love that about them.  Now if only the PGA tour can learn from this and do the same.

The official LIV press release was that he took 2 minutes on a shot where they are allowed 40 seconds, with an additional 10 if you are the first in the group to hit. He had be warned. 

I watched the post round show online for Friday I think it was, I couldn't take it. What's with the interviewer dude with his hat on backwards sitting high up on his head? Feherty is just awful now. I use to chuckle at his commentary. I did watch the wrap up highlights and Anthony Kim's interview. Bryson DeChambeau is good I don't care LIV or not. Funny thing is there wasn't a crowd of people on every hole cheering or yelling crap. You do have the music blaring on some of the holes, but the lack of spectators was strange. We are going to go to Andalucia since its by my wife's hometown and we will be there anyways so why not. 

[Vinsk]

What I think, maybe others too, is that those who enjoy sports in general will enjoy attending a live event even if it’s not a sport they generally enjoy. Hell if someone asked me if I wanted to have some wine and watch a polo match I’d probably enjoy myself. So I’m not really buying the ‘LIV atmosphere is exhilarating’ claims that are overly stated.

I actually watched a few shots of AK’s this last tournament (🥴). Don’t wanna sound stuffy but the untucked shirt and basketball shoes look didn’t work for me. The background music is incredibly forced and unnecessary. It’s just not a good product overall to me. And, whatever happened to AK in the past years I won’t speculate ( Artie Lange) but my goodness.

[pganapathy]

54 minutes ago, snapfade said:

The official LIV press release was that he took 2 minutes on a shot where they are allowed 40 seconds, with an additional 10 if you are the first in the group to hit. He had be warned. 

I have watched many PGA tour broadcasts and have seen players take much longer and have yet to see them getting penalised, other than via a financial penalty.  A stroke penalty is the only way these pro's will learn.  It is like a financial penalty in the NBA.  None of those players really care about it.  They earn too much to care about a small sum for them, but something that is a large sum for the average joe watching golf

[Big C]

9 hours ago, pganapathy said:

PGA Tour 2024, LIV Golf news: Adrian Meronk dealt slow play penalty that costs him $385,000 in prize money

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Rarely-enforced rule costs star $385k, exposes ruthless flip side to LIV Golf

Say whatever else you will about LIV golf, they are at least serious about enforcing slow play penalties.  I love that about them.  Now if only the PGA tour can learn from this and do the same.

Funny. I saw this article and was going to post the same thing. If they continue to take a firm stance with this (and enforce it with the big names as well), then I'll have to tip my cap to them on that front. 

[iacas]

1 hour ago, pganapathy said:

I have watched many PGA tour broadcasts and have seen players take much longer and have yet to see them getting penalised, other than via a financial penalty.  A stroke penalty is the only way these pro's will learn.  It is like a financial penalty in the NBA.  None of those players really care about it.  They earn too much to care about a small sum for them, but something that is a large sum for the average joe watching golf

As always… it doesn't really matter how long you take if you're not out of position.

[ChetlovesMer]

3 hours ago, Vinsk said:

Don’t wanna sound stuffy but the untucked shirt and basketball shoes look didn’t work for me. 

I have to agree with you on this. 

[Vinsk]

45 minutes ago, ChetlovesMer said:

I have to agree with you on this. 

To me he looked like a young John Daly version for LIV….😀

[snapfade]

LIV Golf ends chase for Official World Golf Ranking accreditation

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On Tuesday, Greg Norman told players at LIV Golf that the breakaway tour would no longer be pursuing Official World Golf Ranking accreditation. In a...

Until they go to a 72 hole format I don't see how they would have a credible argument.  

[pganapathy]

On 3/5/2024 at 1:00 AM, iacas said:

As always… it doesn't really matter how long you take if you're not out of position.

Well, that means if you are taking 5 minutes a shot but still not out of position, the group in front of you or the leader who is holding everybody else up is slow and needs to be penalised.  Will that ever happen is more debatable

[iacas]

5 hours ago, snapfade said:

LIV Golf ends chase for Official World Golf Ranking accreditation

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On Tuesday, Greg Norman told players at LIV Golf that the breakaway tour would no longer be pursuing Official World Golf Ranking accreditation. In a...

Until they go to a 72 hole format I don't see how they would have a credible argument.  

There's a lot more to it than that.

4 hours ago, pganapathy said:

Well, that means if you are taking 5 minutes a shot but still not out of position, the group in front of you or the leader who is holding everybody else up is slow and needs to be penalised.  Will that ever happen is more debatable

What if you walk really quickly? Walk fast enough and you can take several minutes a shot and not get out of position.

[ChetlovesMer]

1 hour ago, iacas said:

There's a lot more to it than that.

What if you walk really quickly? Walk fast enough and you can take several minutes a shot and not get out of position.

Thank you for mentioning this. 

Because the reverse is also true. If you walk slow as a snail you can get out of position even if your pre-shot routine is only a couple seconds long. I see this from time to time in the tournaments and leagues I play in more so than in the pros. 

[snapfade]

3 hours ago, iacas said:

There's a lot more to it than that.

What if you walk really quickly? Walk fast enough and you can take several minutes a shot and not get out of position.

There are other issues sure, but I am of the opinion that LIV's shorter tournaments don't carry the same weight as a 72 hole tournament. For me, it starts there. But I'm not Peter Dawson.