Jump to content
IGNORED

LIV Golf (Saudi PIF), "Mergers," and More


iacas

Recommended Posts

Well Rory has been hung out to dry. I just hope that Greg Norman doesn’t have much influence in the new structure

  • Like 1
  • Thumbs Up 1

Stevie T

Link to comment
Share on other sites

Awards, Achievements, and Accolades

Edited....

35 minutes ago, DeadMan said:

 

Just saw your post after I posted the same thing, @DeadMan

Matt Dougherty, P.E.
 fasdfa dfdsaf 

What's in My Bag
Driver; :pxg: 0311 Gen 5,  3-Wood: 
:titleist: 917h3 ,  Hybrid:  :titleist: 915 2-Hybrid,  Irons: Sub 70 TAIII Fordged
Wedges: :edel: (52, 56, 60),  Putter: :edel:,  Ball: :snell: MTB,  Shoe: :true_linkswear:,  Rangfinder: :leupold:
Bag: :ping:

Link to comment
Share on other sites

Awards, Achievements, and Accolades

1 minute ago, Beastie said:

Well Rory has been hung out to dry. I just hope that Greg Norman doesn’t have much influence in the new structure

Reminder to Rory that revenge is a dish best served cold, so he might want to hold his fire for now. 

  • Thumbs Up 1
Link to comment
Share on other sites


28 minutes ago, Killa said:

I wonder how all of the “holier than thou” folks will comment on this now. I guess watching golf is off the table all together now. 

I did not like LIV golf due to the backers. I did not like LIV golf because of the format.
If the PGA turns to LIV's format and incorporates more of the TFG, I have no issue watching less.
In reality, I enjoy playing golf. I dont live (no pun intended) to watch golf. Maybe the Majors, with the Masters and British Open taking top honors.

Secondly, when the PGA announcement to players indicates “Execution of the agreement", did anyone else think what I thought?

In my Grom:

Driver-Taylormade 10.5 Woods- Taylomade 3 wood, taylormade 4 Hybrid
Irons- Callaway Big Berthas 5i - GW Wedges- Titles Volkey  Putter- Odyssey protype #9
Ball- Bridgestone E6
All grips Golf Pride

Link to comment
Share on other sites

Awards, Achievements, and Accolades

9 minutes ago, imsys0042 said:

Nothing in any of this tells me that the net effect of this is that the new company will try (half heartedly or genuinely who knows?) to make what LIV was doing better and viable and that the PGA basically retains control of everything (if I read the press release right).

You read it dead wrong, actually - per the article:

Quote

Under the terms of the agreement, the Board of Directors of the new entity will oversee and direct all the new entity’s golf-related commercial operations, businesses and investments. The new entity will work to ensure a cohesive schedule of events that will be exciting for fans, sponsors and all stakeholders.  PIF will initially be the exclusive investor in the new entity, alongside the PGA TOUR, LIV Golf and the DP World Tour. Going forward, PIF will have the exclusive right to further invest in the new entity, including a right of first refusal on any capital that may be invested in the new entity, including into the PGA TOUR, LIV Golf and DP World Tour. The PGA TOUR will appoint a majority of the Board and hold a majority voting interest in the combined entity

PIF (the Saudi investment fund) is the exclusive investor and has exclusive rights to invest more money, including the right to refuse money from other investors. The PGA Tour will appoint a majority of the board that handles commercial operations, but the PGA Tour and DP World Tour will be minority stakeholders in terms of financials and can/will be barred from investing further into the joint entity while PIF is the only one allowed to increase their financial stake.

Edited by Pretzel
Link to comment
Share on other sites

Awards, Achievements, and Accolades

3 minutes ago, Beastie said:

Well Rory has been hung out to dry. I just hope that Greg Norman doesn’t have much influence in the new structure

Seriously, he stayed with the PGA. Turned down a 💩ton of money. Only to end up merging. Ooooof!

In my Grom:

Driver-Taylormade 10.5 Woods- Taylomade 3 wood, taylormade 4 Hybrid
Irons- Callaway Big Berthas 5i - GW Wedges- Titles Volkey  Putter- Odyssey protype #9
Ball- Bridgestone E6
All grips Golf Pride

Link to comment
Share on other sites

Awards, Achievements, and Accolades

9 minutes ago, imsys0042 said:

the ugliness is taking the money from SA.  I wonder what triggered the reversal, but it doesn’t sound anywhere near as bad as I thought at first reading.  Only that the LIV sports washing money will be a part of it.  Which I think is dead wrong.  

Isn't that bad enough?

  • Thumbs Up 1

Driver: :callaway: Rogue Max ST LS
Woods:  :cobra: Darkspeed LS 3Wood/3Hybrid
Irons: :tmade: P770 (4-PW)
Wedges: :callaway: MD3 50   MD5 54 58 degree  
Putter: :odyssey:  White Hot RX #1
Ball: :titleist: ProV1x Left Dash

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • Administrator
1 hour ago, jxdama said:

If a LIV player wins the  US Open then the PGA will seem to have the  less talented  players. Koepka  may have  made this  possible.

LIV has like four good players and a whole lot of terrible ones. And… THE PGA IS NOT THE PGA TOUR.

1 hour ago, DeadMan said:

There is not a ton of details in that press release, but to me it sounds like the Saudi PIF is going to create and invest a company that owns the PGA Tour, DP World Tour, and LIV. I think the Saudis are buying out the PGA Tour and the DP World Cup. The Saudi PIF is going to own the major professional golf tours. I could be reading that wrong, but I doubt it.

If that's true, gross.

Super gross. I read later a minority stake? So they won't own it, but they are going to have a big say in things.

Gross doesn't begin to describe it. I may be done with the PGA Tour.

Plus, I heard they may be renaming the new entity? So it won't be named "PGA Tour" anymore. Has anyone seen further news there?

40 minutes ago, Killa said:

I wonder how all of the “holier than thou” folks will comment on this now. I guess watching golf is off the table all together now. 

First, it's not "holier than thou." And like who? I'm still disgusted. This sucks.

31 minutes ago, PatrickMurtha said:

So much for the principled stance on sportswashing. 🙄 Just about everyone will now be bending over backwards to say that was never really the issue, money is money in today’s globalized world, etc. 

I’m a very cynical guy, and my cynicism is inadequate to this! 

I won't. Many I know won't.

But Jay already has.

25 minutes ago, saevel25 said:

Jay Monahan is a piece of work (insert other word options).

Yep.

I get that it makes business sense, but there's more to the world than literally just money.

25 minutes ago, saevel25 said:

Yep, let's do that 180-degree flip. It is all good now that I get the perk of running a bigger tour with more power and wealth available to me.

Spot on.

25 minutes ago, saevel25 said:

I will probably watch The US Open (USGA), The Open (R&A), and The Masters (Augusta National). 

I will probably not watch other tournaments. It is up in the air. 

Add the PGA and I'm there with you.

The PGA is not the PGA Tour.

12 minutes ago, snapfade said:

I doubt PGA Tour ticket sales will drop.

Ticket sales are almost irrelevant.

  • Informative 1

Erik J. Barzeski —  I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • AuthorLowest Score Wins
Golf Digest "Best Young Teachers in America" 2016-17 & "Best in State" 2017-20 • WNY Section PGA Teacher of the Year 2019 :edel: :true_linkswear:

Check Out: New Topics | TST Blog | Golf Terms | Instructional Content | Analyzr | LSW | Instructional Droplets

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • iacas changed the title to PGA Tour Merges with LIV Golf

I dont watch enough golf to really care who owns PGA or unifies it all etc but if it goes ahead then those who remained loyal to PGA are getting screwed and deserve a payout of some kind.

I understood the appeal of a LIV payout to those on a tailend of a career looking to play less and earn but for me it was always going to be a retirement division - regardless of age etc

Mike in Scotland - Discovering golf one divot at a time

(Swing Thread)

Link to comment
Share on other sites


  • iacas changed the title to PGA Tour Merges With Liv Golf
6 minutes ago, iacas said:

LIV has like four good players and a whole lot of terrible ones. And… THE PGA IS NOT THE PGA TOUR.

Super gross. I read later a minority stake? So they won't own it, but they are going to have a big say in things.

Gross doesn't begin to describe it. I may be done with the PGA Tour.

Plus, I heard they may be renaming the new entity? So it won't be named "PGA Tour" anymore. Has anyone seen further news there?

First, it's not "holier than thou." And like who? I'm still disgusted. This sucks.

I won't. Many I know won't.

But Jay already has.

Yep.

I get that it makes business sense, but there's more to the world than literally just money.

Spot on.

Add the PGA and I'm there with you.

The PGA is not the PGA Tour.

Ticket sales are almost irrelevant.

In regards to ticket sales not dropping. Its relevant if people that are so opposed to LIV, and a PIF merger and so forth stop going it would effect ticket sales. Would that put a dent in the overall bottom line? Doubtful, but I'd like to see some stats of  on the ticket sales next year. There is that, "I'll never watch a PGA Tour event crowd." So one would assume there is the will not attend group. If enough people stop watching/going to Tour events, it could have a slight impact. But, not going to happen. I will still go to tour events along with everyone else.  

 :tmade: Stealth2 driver, 3 Fairway  :titleist: TSR 4 Hy. T-300 5-PW  :vokey: 52/56/60 SM9

:scotty_cameron: Newport Select 2 (2022 model) 

:snell: MTB Prime 3.0, :adidas: Tour360 22

Link to comment
Share on other sites

Awards, Achievements, and Accolades

7 minutes ago, iacas said:

Plus, I heard they may be renaming the new entity? So it won't be named "PGA Tour" anymore. Has anyone seen further news there?

So, the PGA Tour will slap their label on stuff to get their cut, which funds their non-profit. 

8 minutes ago, iacas said:

Add the PGA and I'm there with you.

The PGA is not the PGA Tour.

My bad. 

Matt Dougherty, P.E.
 fasdfa dfdsaf 

What's in My Bag
Driver; :pxg: 0311 Gen 5,  3-Wood: 
:titleist: 917h3 ,  Hybrid:  :titleist: 915 2-Hybrid,  Irons: Sub 70 TAIII Fordged
Wedges: :edel: (52, 56, 60),  Putter: :edel:,  Ball: :snell: MTB,  Shoe: :true_linkswear:,  Rangfinder: :leupold:
Bag: :ping:

Link to comment
Share on other sites

Awards, Achievements, and Accolades

 

3 minutes ago, klineka said:

Isn't that bad enough?

It is.   I think it's disgusting and with PIF acting as such a large investor I won't be watching.   

However I am hopeful that in the long term the source of this funding is not around forever and that the DP and PGA tours retain control of whatever this becomes long term.

—Adam

 

Link to comment
Share on other sites

Awards, Achievements, and Accolades

Here's something that got me to thinking, and maybe someone here has a good answer. For the Tour come up with 20mil designated events, were they 1, nervous and wanted to do something to keep players, or 2, knew something was coming down the road and they would get a good return on investment? 

 :tmade: Stealth2 driver, 3 Fairway  :titleist: TSR 4 Hy. T-300 5-PW  :vokey: 52/56/60 SM9

:scotty_cameron: Newport Select 2 (2022 model) 

:snell: MTB Prime 3.0, :adidas: Tour360 22

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • Administrator
5 minutes ago, imsys0042 said:

However I am hopeful that in the long term the source of this funding is not around forever and that the DP and PGA tours retain control of whatever this becomes long term.

It's going to stick around.

Woof.

Is Jay Monahan the PGA Tour commissioner (or whatever this new super league is called) on June 6, 2024?

Erik J. Barzeski —  I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • AuthorLowest Score Wins
Golf Digest "Best Young Teachers in America" 2016-17 & "Best in State" 2017-20 • WNY Section PGA Teacher of the Year 2019 :edel: :true_linkswear:

Check Out: New Topics | TST Blog | Golf Terms | Instructional Content | Analyzr | LSW | Instructional Droplets

Link to comment
Share on other sites

Awards, Achievements, and Accolades

  • Moderator

I guess valuing integrity only applies to golfers playing by the rules and not to the people running the organization.

  • Thumbs Up 1

Bill

“By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” - Confucius

My Swing Thread

Link to comment
Share on other sites

Awards, Achievements, and Accolades

23 minutes ago, Pretzel said:

PIF (the Saudi investment fund) is the exclusive investor and has exclusive rights to invest more money, including the right to refuse money from other investors.

That's probably the most significant thing there. 

Link to comment
Share on other sites

Awards, Achievements, and Accolades

Oddly enough, I don’t feel angry, actually kind of amused, although I do feel the sudden need for a long shower.

Really, it was to be expected. “Money talks, shit walks.”

This is why I’m only 5% as interested in sports as I was when I was 25 - and that 5% has been directed to (a) golf (until now), (b) minor league baseball, and (c) sports (mainly baseball) history. The big organizations - Olympics, World Cup, MLB, NFL, etc - became too corrupt and big-money-oriented for me, and mostly that happened quite a long while ago. It’s not that I’m so holy, it’s that if I want business news and political news and crime news, I’ll go to those sections of the paper, OK? The actual SPORTS are almost an afterthought. 

Also, as I have said in relation to other things, from now on everyone is going to have to go to law school just to be able to understand the news every day. 

Edited by PatrickMurtha
Link to comment
Share on other sites


4 minutes ago, billchao said:

I guess valuing integrity only applies to golfers playing by the rules and not to the people running the organization.

PGA to golfers-"dont take that money or your dead to us"
PGA to PIF (the Saudi investment fund)- "we will take that money, just leave it on the night stand"

  • Like 1
  • Thumbs Up 2

In my Grom:

Driver-Taylormade 10.5 Woods- Taylomade 3 wood, taylormade 4 Hybrid
Irons- Callaway Big Berthas 5i - GW Wedges- Titles Volkey  Putter- Odyssey protype #9
Ball- Bridgestone E6
All grips Golf Pride

Link to comment
Share on other sites

Awards, Achievements, and Accolades

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


  • Want to join this community?

    We'd love to have you!

    Sign Up
  • TST Partners

    Golfer's Journal
    ShotScope
    The Stack System
    FlightScope Mevo
    Direct: Mevo, Mevo+, and Pro Package.

    Coupon Codes (save 10-15%): "IACAS" for Mevo/Stack, "IACASPLUS" for Mevo+/Pro Package, and "THESANDTRAP" for ShotScope.
  • Posts

    • Welcome! I think this forum is a great place to learn more about the golf swing. There are of course a ton of resources out there to find with search engines, books, videos etc., but it can be a challenge to navigate it all for the best content. There's a lot of misinformation out there. This forum already has a lot of existing content and you can start new topics yourself. One thing a forum provides is discussion, different points of view and a place to put your thoughts into words. The best way to learn is often by teaching, because you have to know what you are talking about. Most of us aren't teachers, instructors or pros, but we can still discuss the golf swing, use the resources we find and put it into our own words. If we get it wrong, someone else may point it out. If you want to share, the Member Swings subforum is a place to post your own swing and get feedback. Technology has come a long way, and combined with dedicated people around the world, it's easier than ever to find accurate information. They use the best players in the world to find commonalities and distill the golf swing down to what is almost universally true for all the best players. That means to ignore Scheffler's feet, Furyk's octopus and other outliers, but focus on what they have in common. The essentials which amateurs should also try to achieve.
    • So I'm a 2 handicap and I know my golf swing is garbage but I also know I have a very very limited understanding of how the golf swing works. And I also know that I'm the type of guy that likes to dive ultra deep into topics I'm interested in. Like for example; The past few years I've learned video editing (specifically how to make videos that go viral on social media), and I've spent a lot of time just reading the manual that came with one of the video editing programs I use. (the manual is 4.5k pages, and obviously very indepth, but I've learned a ton with it.) So far to try and learn more about the golf swing I've read books + listened to podcasts/interviews with coaches/teachers combined with listening to great players talk/give clinics. Sometimes the teacher being interviewed talks about books that they really like, or coaches they look up to, and then I "travel down the knowledge tree" and try to look for those peoples interviews, content etc. Ex, An interview with Randy Smith led me to Chuck Cook, then Chuck Cook led me to reading the books by Jim Hardy (mainly the + and - book). I'm well aware that the knowledge I'm getting is surface level but again I don't really know where to "go" to learn in depth about the swing. To try and supplement the knowledge gap, I've made a set-up in my basement where I have two mirrors + a webcam I can use to film myself and dissect my own swing + watch pro swings and try to figure out what they do. But again, I know I'm not really getting the full picture. So my question is, is there a better place to go/process I could apply to learn about the golf swing? I know there's The Golfing Machine but isn't that mostly outdated information now, and there's no real updated version, right? I don't really want to hire a teacher, partly because I don't really trust most teachers (I've had some really bad experiences lol), and I want to be self-sufficient as a player. My line of thinking is, the better I can understand the golf swing, the better I can understand my own swing. Where do I go? Also I should note, I have a ton of time to devote to the game + the golf swing, I basically work from home and I'm in a very fortunate position where I have a very low living cost. Cheers.          
    • Day 43: Hit 20 balls with 6-iron, working with new feel. Seemed to work okay, but start line is a little more right than I’d like to see. Hit 15 Almost Golf balls with driver, same feel. Did pitching.chipping practice, focusing on good contact. Putted in home office for 20 min using my dog’s Kong as a target. 
    • Wordle 1,071 3/6 ⬛⬛⬛🟩⬛ ⬛⬛🟨🟩⬛ 🟩🟩🟩🟩🟩
    • Going to try breaking 50 from the opposite of the tips like Bryson 🙃
×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

The popup will be closed in 10 seconds...