I see it as more, Liv has deemed it is never going to be nothing more than a cash drain, with no returns, in either financial terms or PR.
Pga and European tour can easily sell this as players crawling back.
Golf 2023
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Pga and European tour can easily sell this as players crawling back.
Martin Alvito
Player Valuation: £50m
I'm hoping that something like this is the outcome. It's a little weird in the sense that all of the Middle East dates are currently in the UAE. This probably gets the Jeddah date on the PGA/DP calendar. Not sure if the Saudis want to push the UAE dates out or not.
There are a lot of ways they could go with this. They could more or less replace the non-designated events on the PGA Tour with the big foreign ones, and relegate those events to the second-tier tour. It could be good for the golfers in the second-tier in the sense that the money will probably be a lot better, though they'll also probably have to spend some of it on travel.
The best-case outcome is that most of the events on the PGA Tour become 'worth playing' financially, so we get stronger fields every week, and some of the money injected flows downward to grinders like Olin Browne.
bcblue1878
Player Valuation: £50m
The new merged organisation is apparently going to be a profit making organisation, as opposed to the non profit making PGA tour. Inevitably that will at some point mean an increase in the cost of watching golf on the telly!
No doubt they will try and spin it, by emphasising how much more “charitable” stuff will be taking place!
No doubt they will try and spin it, by emphasising how much more “charitable” stuff will be taking place!
All this proves is that everybody has a price.
Martin Alvito
Player Valuation: £50m
I would say that what's happening is the Saudis are agreeing to a permanent, more limited cash drain in return for some control over outcomes. You might be surprised how much pull being the single, largest sponsor by a country mile will provide.
Probably more gutted he rejected 40/50m for a nice view atop his majestic high horse.
Don't get me wrong...... LIV was a dumb idea, you can't reinvent golf. Saudi will see the money spent on getting the media coverage as pocket fluff.
A few hours of oil pumping.
I imagine Rory won't be the only one fuming.
Rejecting massive sums to show loyalty to the tour, and not helping a disgusting regime by the way, only for the PGA to spit in their faces and take the money that they refused.
Rory's moral high horse is the correct place to be, the PIF is an absolute stain on sport.
Aye, he can be happy with himself I'd say. He did his best.
roydo
in memoriam - 1965-2024
From an impeccable source, it was 10 times that he was offered.
roydo
in memoriam - 1965-2024
Each to their own I guess. Like, if you were wealthy beyond your wildest dreams, never needing to work again, and FSG offered you half a billion to support Liverpool and dump on Everton, cos thats basically the equation Rory and Woods squared.
Pittsburgh Footy
Player Valuation: £35m
Martin Alvito
Player Valuation: £50m
Don't know how much choice they had. The party with deeper pockets tends to win protracted litigation disputes. This one was in a gray area, and would be protracted. Best way I can put it is that the Tour was at the WSOP heads-up, in the pot heavily, short-stacked and had the Saudis come in over the top with a monster bet. Monahan decided that an unfavorable split of the winnings was probably better than sledding uphill with the most likely outcome zero money.
Smart players do this no matter how much they hate the other guy. I don't blame him. I do blame governments for permitting this nonsense. That's the level that should be enforcing the moral outcomes we prefer.
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