The PGA TOUR has secured an enormous deal which can embody a 3 billion greenback funding from Strategic Sports activities Group. However what …
source
The PGA TOUR has secured an enormous deal which can embody a 3 billion greenback funding from Strategic Sports activities Group. However what …
source
I get the sense that the PGA is again shooting itself and Golf in the foot. What's new?
The PGA Tour's new format only benefits the top 50 players. If you don't play in the signature events you don't matter. How does this keep the players from defecting to LIV. The PGA Tour is resembling LIV now with eight signature events plus the TPC and the three FedEx Cup events. Most of these signature events will be no cut and a limited field. Why would any of the sponsors want to be involved in the non signature events.
The investment will want a ROI
LIV don’t for years. It’s time the PIF just said stuff the tour we are going alone
What do they do with $3 billion? Monahan pays himself even more?
They dropped it to 1.5b. Clearly they didn't like something they saw in the due diligence.
Eventually, it will reset. And you will see new willing to play for 9 million and not 20 million. I will play for 1 million. Just saying 😅
This is the death sentence for the PGA
I stopped watching the PGA about 15 years ago except some final day rounds and some Majors but got tired of the mostly same venues and locations. Now I watch LIV global events and love the team format as well.
In my opinion, all this money into golf will funnel it's way down, and in a better more efficient and transparent way than it ever did under the funnel of control the suits at the PGAT, ET, USPGA, R&A ever did.
How long will 3 billion last? 6 months? You don't think they want a return on that investment? That group will own the players, they arent getting any equity. That was just a lie to stop an even bigger exodus to LIV. The equity is in the team and worldwide exposure which LIV has. My advice to players on the pga tour is to start forming teams and competing worldwide. There is room for traditional golf and team golf.
I think they are thinking they can go head to head with LIV/PIF. Rory saying "let them back in" and "let's all play together" is actually a warning sign. If PGA tries to go head to head with LIV they will lose and LIV will aggressively sign 3 or 4 more superstars, give them part of a team or their own. Rank and file players also seem very worried about the state of the game.
If you think 3 billion is a lot of money PIF might have other things to say about that
Well, the PGA Tour had ruined the telly coverage early showing nothing, but the leaderboard for multiple minutes on broadcasting sold overseas.
– Welcome back, this happened before… Aa’nd the same fu…ing putts made an hour ago!
And the leaderboard burning for the continuance of the commercial break is 9 holes before the current. And lasts ofer two minutes easy. There would be some ’non Marqee groups ’to show for the spectators overseas. Unlike the strugling world former #1 or someone five off the pace rather than 2 off who would be intresting for people watching in Europe or Asia.
Monahans did it wrong. It will not give pgat a leverage in negotiation with PIF. Not at all.
You might want to do your homework on where the money from SSG comes from. Some of those investors are backed by the Saudis just saying
Invest in a not for profit PGAT? Me, corruption is deep on this news.
You are absolutely correct , the golf world is starting to over value its importance to the main stream . I for one am playing less green fees are going up everywhere. I am starting to find other interests that have more of a return . Golf is going the way of most professional sports rich athletic organizations out of touch with mainstream.
This seems like a very short sited action from the PGA, the saudis are laughing. Do they really think this is a leverage play? watch the Saudi's up their investment now to 10 Bn, like, Monahan's view that he has to gate keep the PGA is nonsense, the saudis will just demolish those gates eventually. You guys can say all you want that this puts more leverage into the PGA tour and that very well could be the case, but the amount of leverage this creates for the PGA is very miniscule. Look at the memo's Al-Rumayyan and Norman released to LIV, partnership with Google now for innovative ways to distribute golf coverage. Monahan has to go, he's only fighting for himself right now, not the Tour as a whole. Very bad Strategic path he chose to take the tour, loss of key sponsors, McIlroy flipping the stance. You guys should be laying into the PGA right now, they played this so wrong from the start. Stop pitting leverage against leverage, do your homework, build a timeline of how everything went down from a neutral or business standpoint. Your watching one side be completely REACTIONARY (PGA) against a side that's been using their power of wealth to make this as hard as possible for Monahan to keep his job….He should of took that phone call.
Oh, maybe I have somebody who will look into it. How are the players owners? Are they buying ETFs? Are they tokenizing the PGA tour because that means nothing is buying nothing if the PGA tour players are owners are they buying in or is it given to them and if they are buying and how are they buying in?
So the PGA tour players are buying into a dying business which on the backside the PGA tour could be sucking the money back out, so the players are buying a dead cat
This deal only serves the purpose of providing the PGA Tour more leverage in their negotiations with LIV by propping up its perceived value. This will not fool LIV. The PGA Tour’s only assets are The Players Championship, its stranglehold over OWGR, and its heritage/brand. It has no contracts with players and specific tournament relationships has little value except for a few. PGA Tour is still pursuing a scorched earth strategy but don’t realize that they are in the weaker position. LIV already has more name recognition top players. Over the past 7 years, LIV players account for half of majors and over half of the weeks at number 1. There is no return for SSG at a $3 billion investment unless LIV buys them out for a higher price – which they do not need to do. All LIV needs is one of Rory, Scheffler or Speith and greater influence with DP World Tour and the Majors which can be lobbied much the same as our politicians are lobbied.
You mentioned that money could be rolling in within a week, it’s been two weeks now and absolutely no news on ANY pending cash injection. Don’t hold your breath on this.
SSG was really just buying PGAT. The money will pay off tour stalwarts, SSG did this so they are clear to deal with PIF on the new world tour which will earn billions yearly. BUY SHARES ppl