PGA/LIV: Death threats or compromising photos?

4,087 Views | 49 Replies | Last: 2 yr ago by bearister
Unit2Sucks
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concordtom said:

Unit2Sucks said:

Eastern Oregon Bear said:

concordtom said:

$10-11B buyout?
For the whole tour???

Damn, the Warriors alone are worth 6 or 7, they say!
Well, the Warriors are in decline and they don't own 30 golf courses like the PGA Tour does. It dues boggle the mind though when you consider there are 30 NBA teams and 2 or 3 of them would be more valuable than the entire PGA Tour, Inc.
I was surprised to hear that the PGA tour is worth that much.

Not a pro golf fan and genuinely curious - is pro golf rising in popularity? I had thought that golf itself suffered from a lot of the same demographic problems that skiing has (in addition to the cost/accessibility/environmental issues - which are related). And I further assumed that pro golf derives its popularity from a limited pool of actual golfers, which would make it a tough business. Compare to the NBA which derives popularity from basketball players and non-players alike.

My kid has a friend who plays golf and all he does is talk about golf. It annoys my kid to no end and we are working to make sure that annoyance isn't shared the wrong way (and I'm sure there are others annoyed at my kid for talking about other things). I share this for two reasons - first, there are obviously still kids playing golf. And second - I don't think my son is alone in his sentiment.

So I would love for someone to take the bull case for pro golf. Is this sports washing only or is this good business for the Saudis?

I think Golf went BIG during the 2000's when Tiger was on top.
Golf courses were being built at an increased rate everywhere.

But then a couple things happened: the mortgage meltdown and Tiger's affairs became public, he crashed drunk, got divorced, and suddenly golf wasn't cool anymore. (November, 2009, click that for link to story about it all.)

Lots of courses had to close operations and transform their land use into something else (houses) or just lay fallow, uncared for landscapes.

Golf is typically a game for the country club set. I'm guessing your son's son's father is a snob.
Generalization of course, but golf is a game where the smaller unathletic kids can brag, if their parents train them right (which means wrong, in my book). Let me ask you this - and I'm totally against fighting, but - can your son kick this kid's butt?

Hahaha.... Sorry, I'm just remembering this guy I worked with. My boss, actually.

Sure, it can be challenging. I get it. But I was always for the big muscle sports, soccer and basketball. chase ball, kick hard, box out, take a charge, jump over and thru you - those types of games. I could get into bocci ball or ping pong just fine. Tennis was fun! But golf? I played enough, but nahhhh....

It's for old people who are out of shape (which now includes me).
Bearister? Take the other side of this. I know you like golf.


Interesting stuff, thanks.

As relates to my anecdote, the dad is definitely not a snob, although they are quite wealthy. The other school dad I know who is really into golf (coaches golf in spare time, etc.) is not snobby either. Has a "normal job" (commercial construction supervisor) and just really likes the game. Both dads are similar in that they talk about golf quite a lot (and dress as if they are on their way to or from the course) but never mention pro golf.
concordtom
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Here's a chart of Tiger's rise and fall, I'm submitting that "golf" mirrors it.



I should note that while 18-hole courses have gone through contraction, a number of businesses are sprouting up to offer a scaled down experience.

Par-3 courses, artificial turf, driving ranges, dinner/drinks and social different than typical.
cbbass1
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The Saudi-PGA Tour Golf Deal Isn't Going to Happen

https://www.thebignewsletter.com/p/the-saudi-pga-golf-deal-isnt-going?utm_source=post-email-title&publication_id=11524&post_id=126683189&isFreemail=true&utm_medium=email

Don't be fooled by the press coverage, this deal in its current form isn't going to happen.
Quote:

The tour is receiving upwards of $2-3 billion, all litigation ending and LIV likely going away, according to an industry source briefed on the matter and granted anonymity because they were not authorized to speak publicly.
From Stoller's article:

Quote:

But I'm just baffled. There is no way this merger happens in its current form, as it's obviously creating an illegal monopoly. There is a lot of grey area in antitrust law, but when two companies want to merge to a monopoly, and announce it as such, that's a violation of black letter law. In fact, this deal is so wildly and comically against the law that I actually don't think it is intended to close. If I had to guess, I would say it's a desperate move by the Saudis to keep their dirty laundry out of an American courtroom in a separate but related case. Indeed, the more I look into it, the more baffled I become.
I think that this is the best explanation of what's happening. The Saudis are desperate to keep their misdeeds out of the U.S. press, and they knew they could make a deal happen, and end their lawsuits, if they made a deal and wrote a big enough check.
bearister
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*I always thought he was nothing more than a juiced little c@unt.
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concordtom
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bearister said:



*I always thought he was nothing more than a juiced little c@unt.


Was Tiger on PED's?
A friend at work who likes golf thought half of the Tour took beta blockers to calm the nerves.
BearHunter
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Democrats/Deep State: Interfering in the 2024 election.
Trump: golf...
Eastern Oregon Bear
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BearHunter said:



Democrats/Deep State: Interfering in the 2024 election.
Trump: golf...
Fox's paparazzi don't have a future covering the Saudi Golf Tour.
Big C
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bearister said:



*I always thought he was nothing more than a juiced little c@unt.

Great PR move by the Roid Guy: Who in America doesn't love the Saudi royal family? They're so... cuddly!
bearister
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bearister
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Saudi Arabia, China undermine US influence in Middle East - analysts - The Jerusalem Post


https://www.jpost.com/middle-east/article-746217
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bearister
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Tom Watson's open letter to PGA Tour commissioner Jay Monahan | Golf News and Tour Information | GolfDigest.com


https://www.golfdigest.com/story/tom-watson-s-open-letter-to-pga-tour-commissioner-jay-monahan
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cbbass1
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cbbass1 said:

The Saudi-PGA Tour Golf Deal Isn't Going to Happen

https://www.thebignewsletter.com/p/the-saudi-pga-golf-deal-isnt-going?utm_source=post-email-title&publication_id=11524&post_id=126683189&isFreemail=true&utm_medium=email

Don't be fooled by the press coverage, this deal in its current form isn't going to happen.
Quote:

The tour is receiving upwards of $2-3 billion, all litigation ending and LIV likely going away, according to an industry source briefed on the matter and granted anonymity because they were not authorized to speak publicly.
From Stoller's article:

Quote:

But I'm just baffled. There is no way this merger happens in its current form, as it's obviously creating an illegal monopoly. There is a lot of grey area in antitrust law, but when two companies want to merge to a monopoly, and announce it as such, that's a violation of black letter law. In fact, this deal is so wildly and comically against the law that I actually don't think it is intended to close. If I had to guess, I would say it's a desperate move by the Saudis to keep their dirty laundry out of an American courtroom in a separate but related case. Indeed, the more I look into it, the more baffled I become.
I think that this is the best explanation of what's happening. The Saudis are desperate to keep their misdeeds out of the U.S. press, and they knew they could make a deal happen, and end their lawsuits, if they made a deal and wrote a big enough check.


Update: Again, this deal is not happening. Anti-trust analyst Matt Stoller explains.



PGA & LIV Golf are already involved in anti-trust litigation -- but no one asked their existing teams of anti-trust attorneys??

They'll need Federal legislation to get an anti-trust exemption. When the NFL & AFL merged in the 1960s, one Congressman from Louisiana managed to insert a provision to create an NFL franchise in his state -- and that's how the New Orleans Saints were created.

Bottom line: The Saudis don't want to hand over their emails & have them read by the public. They'll drop their suit against the PGA, and they'll probably make a huuge investment in the PGA somewhere down the line.
concordtom
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cbbass1 said:



They'll need Federal legislation to get an anti-trust exemption. When the NFL & AFL merged in the 1960s, one Congressman from Louisiana managed to insert a provision to create an NFL franchise in his state -- and that's how the New Orleans Saints were created.


Geez.
Thank you for that tidbit.
But of course! Pffft!
concordtom
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Wow.
That anti trust golf video was excellent. Thank you.
I had no idea where this was at, and his broader discussion was definitely worth paying attention to.
bearister
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…..and may God Bless The House of Saud.

How a Saudi firm tapped a gusher of water in drought-stricken Arizona | The Seattle Times


https://www.seattletimes.com/nation-world/how-a-saudi-firm-tapped-a-gusher-of-water-in-drought-stricken-arizona/
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