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

[DeadMan]

A lot of the stuff that's happening in the litigation right now will just delay it further. This stuff is likely to be appealed, which takes time. And the longer this takes, the longer this preserves the status quo, which benefits the PGA Tour. 

[Elmer]

18 hours ago, boogielicious said:

militant fruitcakery

This is a great name for a punk band!

[jmanbooyaa]

Does this weekends viewership on the WB matter? 

[DeadMan]

This is a fascinating article about the LIV teams now being for sale.

si.com

There are some details in there that blow my mind. The golfers themselves have to sell the teams, but they only get 1/4 of the sale price, while LIV gets the other 3/4. Are we really expecting these golfers to have any idea of how to do that?

And what on earth is the market for these teams right now? Who is going to buy a team for this tour? There's no way there's anything approaching value here. Legitimately, is this just a money laundering scheme?

[mchepp]

17 minutes ago, DeadMan said:

And what on earth is the market for these teams right now? Who is going to buy a team for this tour? There's no way there's anything approaching value here. Legitimately, is this just a money laundering scheme?

While there has been a great deal of talk about Saudi money, the reality is the money is from an investment firm. Sure all the money comes from the government, but their job is to make money with it. At some point they are going to have to show how they are going to make money. Selling "franchises" is certainly a great way to make money. Each sale they'll get a cut of the sale.

As to the market, I no longer have limits to understand what rich people will do with their money. Maybe the idea of owning "Phil's Team" has real value to someone. Maybe companies like Titleist want to own a team for advertising purposes. Or some Crypto company (who really wants an investment from PIF) can get them to wear their logo like European soccer teams. All sorts of ideas. 

[GolfLug]

1 hour ago, mchepp said:

As to the market, I no longer have limits to understand what rich people will do with their money. 

I know the rich like to hang out where the other rich hang out and they pay good money to do so. Maybe they will find a way to harness that.

[iacas]

6 hours ago, DeadMan said:

There are some details in there that blow my mind. The golfers themselves have to sell the teams, but they only get 1/4 of the sale price, while LIV gets the other 3/4. Are we really expecting these golfers to have any idea of how to do that?

And what on earth is the market for these teams right now? Who is going to buy a team for this tour? There's no way there's anything approaching value here. Legitimately, is this just a money laundering scheme?

Let's pool some money here on TST and buy a team. I can think of a few good names…

[DeadMan]

6 hours ago, mchepp said:

Or some Crypto company (who really wants an investment from PIF) can get them to wear their logo like European soccer teams. All sorts of ideas. 

I didn’t even think about companies that might want to get in PIF’s good graces. That might be a way to do it. Of course, if you have $100 million to spend on doing that, how important is PIF money to you in the first place?

Slightly OT, but a lot of the companies that sponsor European soccer teams are shady. Some examples:

Manchester City sign deal with mysterious cryptocurrency start-up | Manchester City | The Guardian

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Online sleuths are scouring the internet to find the digital footprint of a company named 3Key who...

 

[BlackDiamondPar5]

I'm laughing at the irony of Sergio calling Rory out for "lack of maturity" 🤣

Sergio Garcia calls out Rory McIlroy for ‘lacking maturity’ | Golf News and Tour Information | GolfDigest.com

 

[jmanbooyaa]

Checking out Liv start on WB app(odd). The players look like the dudes you would golf with on the weekend except with amazing ball striking skills. New inform look is strange. I guess if you are going to watch get used to cw shows on commercials break. 

[jmanbooyaa]

This reminds me of one of the golf video games from years ago. The players with the shorts and no logos remind me of when you would play career mode. You haven’t achieved anything yet so you can’t have a sponsor. 

[ChetlovesMer]

20 minutes ago, jmanbooyaa said:

This reminds me of one of the golf video games from years ago. The players with the shorts and no logos remind me of when you would play career mode. You haven’t achieved anything yet so you can’t have a sponsor. 

Oh my goodness, you've bulls-eyed it! 
That's so funny, now that's all I can see. I remember playing that video game and putting my character in cargo shorts! 

............. I'm so ashamed.... and to think I mock folks for wearing a white belt. ..............

Edited February 24, 2023 by ChetlovesMer

[Elmer]

18 hours ago, iacas said:

Let's pool some money here on TST and buy a team. I can think of a few good names…

I will throw money in, but "militant fruitcakery" has to be in the running for team name!

[jmanbooyaa]

What in the actual f&@k.  Is it a thing to drink a beer out of your worn shoe? They just did so e weird play a hole with a liv player and loser drinks pours a beer into their shoe and drinks it. Gross. 

[Vinsk]

7 minutes ago, jmanbooyaa said:

What in the actual f&@k.  Is it a thing to drink a beer out of your worn shoe? They just did so e weird play a hole with a liv player and loser drinks pours a beer into their shoe and drinks it. Gross. 

I’m sure the Saudis love that !

[iacas]

12 minutes ago, jmanbooyaa said:

What in the actual f&@k.  Is it a thing to drink a beer out of your worn shoe? They just did so e weird play a hole with a liv player and loser drinks pours a beer into their shoe and drinks it. Gross. 

 

[jmanbooyaa]

Gross!

[turtleback]

4 hours ago, iacas said:

As Mom used to say, "if your friend jumps off the Brooklyn bridge it doesn't mean you should".