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

iacas

By iacas,
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DeadMan Super Member

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. 

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-- Daniel

In my bag: :callaway: Paradym :callaway: Epic Flash 3.5W (16 degrees)

:callaway: Rogue Pro 3-PW :edel: SMS Wedges - V-Grind (48, 54, 58):edel: Putter

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boogielicious
boogielicious

He did find his biggest fan. It was Greg Norman.

imsys0042
imsys0042

Dottie Pepper | My Take on LIV After what seems like 6 months of non-stop talk about LIV, here’s my take in writing.  

ChetlovesMer
ChetlovesMer

I can and do. I have friends who were murdered in the 9-11 terrorist attacks.  I believe I'm aloud to condemn you if you murder my friends. I can draw the line any old place I want. I c

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Elmer Great Member

Elmer

18 hours ago, boogielicious said:

militant fruitcakery

This is a great name for a punk band!

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Driver-Taylormade 10.5 Woods- Taylomade 3 wood, taylormade 4 Hybrid
Irons- Callaway Big Berthas 5i - GW Wedges- Titles Volkey  Putter- Odyssey protype #9
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jmanbooyaa Great Member

jmanbooyaa

Does this weekends viewership on the WB matter? 

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:tmade: M2 3HL                               :mizuno: JPX 923 5-gw                           

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DeadMan Super Member

DeadMan

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

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?

-- Daniel

In my bag: :callaway: Paradym :callaway: Epic Flash 3.5W (16 degrees)

:callaway: Rogue Pro 3-PW :edel: SMS Wedges - V-Grind (48, 54, 58):edel: Putter

 :aimpoint:

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mchepp Great Member

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. 

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Michael

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GolfLug Incredible Member

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.

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Vishal S.

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iacas Hall of Fame Member

iacas

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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…

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Erik J. Barzeski — ⛳ I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • Author, Lowest 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

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DeadMan Super Member

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:

favicon-32x32.ico Manchester City sign deal with mysterious cryptocurrency start-up | Manchester City | The Guardian

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

 

-- Daniel

In my bag: :callaway: Paradym :callaway: Epic Flash 3.5W (16 degrees)

:callaway: Rogue Pro 3-PW :edel: SMS Wedges - V-Grind (48, 54, 58):edel: Putter

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jmanbooyaa Great Member

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. 

  :sunmountain: eco lite stand Bag
:tmade: Sim 2 Max driver
 :callaway: Mavrick 20 * hybrid
:tmade: M2 3HL                               :mizuno: JPX 923 5-gw                           

 Lazrus 52, 56 wedges

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:true_linkswear:-Lux Hybrid, Lux Sport, Original 1.2

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jmanbooyaa Great Member

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. 

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  :sunmountain: eco lite stand Bag
:tmade: Sim 2 Max driver
 :callaway: Mavrick 20 * hybrid
:tmade: M2 3HL                               :mizuno: JPX 923 5-gw                           

 Lazrus 52, 56 wedges

:scotty_cameron:
:true_linkswear:-Lux Hybrid, Lux Sport, Original 1.2

:clicgear:

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ChetlovesMer Incredible Member

ChetlovesMer

(edited)
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 by ChetlovesMer
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My bag is an ever-changing combination of clubs. 

A mix I am forever tinkering with. 

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Elmer Great Member

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!

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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

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jmanbooyaa Great Member

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. 

  :sunmountain: eco lite stand Bag
:tmade: Sim 2 Max driver
 :callaway: Mavrick 20 * hybrid
:tmade: M2 3HL                               :mizuno: JPX 923 5-gw                           

 Lazrus 52, 56 wedges

:scotty_cameron:
:true_linkswear:-Lux Hybrid, Lux Sport, Original 1.2

:clicgear:

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Vinsk Incredible Member

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 !

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iacas Hall of Fame Member

iacas

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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. 

 

Erik J. Barzeski — ⛳ I knock a ball. It goes in a gopher hole. 🏌🏼‍♂️
Director of Instruction Golf Evolution • Owner, The Sand Trap .com • Author, Lowest 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

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jmanbooyaa Great Member

jmanbooyaa

Gross!

  :sunmountain: eco lite stand Bag
:tmade: Sim 2 Max driver
 :callaway: Mavrick 20 * hybrid
:tmade: M2 3HL                               :mizuno: JPX 923 5-gw                           

 Lazrus 52, 56 wedges

:scotty_cameron:
:true_linkswear:-Lux Hybrid, Lux Sport, Original 1.2

:clicgear:

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turtleback Super Member

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".

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But then again, what the hell do I know?

Rich - in name only

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