What You Need To Know About The PGA Tour & LIV Golf Merger | CBS Sports
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In a shocking and historic move, the PGA Tour, DP World Tour and Saudi Arabia's Public Investment Fund have agreed to a merger that will see the PIF's golf-related business (LIV Golf) combine with the other tours in what is being described as "a new, collectively owned, for-profit entity to ensure that all stakeholders benefit from a model that delivers maximum excitement and competition among the game's best players."
A Board of Directors will be appointed to manage the commercial golf business with the PGA Tour appointing a majority of the members and holding a majority voting interest. The new, unnamed business "will work to ensure a cohesive schedule of events that will be exciting for fans, sponsors and all stakeholders," according to the press release announcing the deal.
Other than the PGA Tour, DP World Tour and LIV Golf holding investments in the entity, the PIF will make a new, exclusive investment and retain exclusive rights to make further investments, including the opportunity to refuse any capital that may be invested.
- Kyle Porter, CBS Sports Writer
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#Golf #PGA #livgolf #pgatour #livgolftour
Пікірлер: 139
Can’t wait to hear Phil’s take on this, Rory has got to be pissed!
@henrylee8510
Жыл бұрын
And Greg, now he has nothing to burn. Maybe his house?
@Nighthawk-8050
Жыл бұрын
Wow the PGA are nothing but HIPPOCRATES THROUGH AND THROUGH.
@loue-black
Жыл бұрын
Rory will be happy...Trumps now involved
Apparently one of the conditions of the deal is that Brandel Chamblee has to become a Saudi citizen to continue broadcasting
@dougie6897
Жыл бұрын
😂😂
PGA just stabbed its golfers in the back!
@aircastlemusic7092
Жыл бұрын
Dude the reason this all happen is because the PGA has been stabbing them in the back many years now. You spent all the money and all of your time going to an event you play for 2 days, you don't make the cut and you get zero dollars. For 2 days the PGA has been televising and using you to make money. If you miss the cut you get zero the PGA still gets paid for airing you on television for 2 days.
@aircastlemusic7092
Жыл бұрын
Nobody is watching LIV? I much prefer watching this format over the PGA setup.
@benward1347
Жыл бұрын
@@aircastlemusic7092 be interesting to see how it plays out because for me I can’t stand the liv format
Rory knew. You could pinpoint the time, when he turned cold to questions about liv in press conferences.
@mitchy7051
Жыл бұрын
100% he was in the know - Rory has softened his tone since last year. Greg Norman is OUT! poor guy only gets a 50 mil golden parachute :(
@josephboza7448
Жыл бұрын
@@mitchy7051 He had to have vknow. I agree. This will make season 2 of Full Swing interesting.
Wonder how Rory McIroy feels after getting used by the PGA to put the boot into Liv.....after all that they merge
@RayNLA
Жыл бұрын
Like this 😢
@spencer2365
Жыл бұрын
After his muted responses towards liv recently, he must have known something was coming.
@Nighthawk-8050
Жыл бұрын
The PGA took the Saudis money to settle those lawsuits. So much for morality
The immeasurable strength of the PGA, or is it really the extremely deep pockets of the Saudis……. 🤔
@Nighthawk-8050
Жыл бұрын
More like Quick Sand
@twoblacklabs904
Жыл бұрын
hambone, both entities’ lawyers have been negotiating this agreement behind the scenes for months, especially knowing how desperate the LIV execs were to save face…
@RayNLA
Жыл бұрын
When being a company man goes wrong 😢 -The PGA Tour Players
PGA Tour sold it's soul and all PGA Tour players should be royally pissed off right now.
@Worldaffairslover
Жыл бұрын
How’d the pga sell its soul?
@stuartstuart321
Жыл бұрын
Everyone should be allowed to play wherever
@SA-wc2kf
Жыл бұрын
Yeah, pissed off millionaires who will be making even more. Cry me a river.
@pbl5430
Жыл бұрын
They sold there soul when they sold out there own players
@MrBudcole
Жыл бұрын
Which should tell you why this BEGAN in the first place. The PGA didn't just BECOME this slimy entity - you just didn't see it before now.
PGA SOLD OUT HISTORY AND SPORTSMANSHIP. Greed wins!
I'm not happy about this
Human rights violations be damned... Let's get this money, I guess 🧐🙄
@ramtransportllc6818
Жыл бұрын
Yeah dealing with America despite it's human rights violations at home and abroad must be difficult.
@daveywaite25
Жыл бұрын
Kinda like the NBA's association with communist China.
What about Jack Smith’s subpoena of Trumps dealings with LIV?
Can't wait to see the Ryder Cup competitors in shorts.
not wanting to "open" their "books" is the clearest sign of deceit. Killing the game of Golf, total Negative for Golf.
So stupid. PGA could have choked LIV out. Ban the players from the Majors, ban them from any PGA event like Prez Cup and Ryder. LIV is an AWFUL product. It's the XFL of golf.
@MilesIzHigh5280
Жыл бұрын
PGA could’ve never choked out the LIV PIF that sits at $610 billion. The PGA it’s worth 600 times less than that of LIV. The Saudis make a billion a day in oil. You can’t choke that out
@johnmaloney1784
Жыл бұрын
They weren't the XFL of Golf. Cam Smith won The Open, Koepka took second at the Masters then won the PGA Championship.
@seabasssimpson4547
Жыл бұрын
@@johnmaloney1784 Those LIV tournaments were nearly impossible to watch, regardless of the talent playing.
@MilesIzHigh5280
Жыл бұрын
@@seabasssimpson4547 golf in general can be impossible to watch at times. I mean statistically speaking more people watch tennis than golf when it comes to television viewers.
@kevinconnolly754
Жыл бұрын
you are kidding right😂, Cash is king and PIF could buy the PGA tour 100 times over
All the PGA players pissed they never got the paydays LIV golfers got
Is Rory the sacrificial lamb ? ….. Or is PATSY a better description of just what’s occurred?
If you believe Greg Norman had no idea, you'll believe anything 🤦🏻♂️
All the crying about blood money, fines then they merge? Lol .....
@LIBlurr
Жыл бұрын
Like the US has no blood on its hands ❗️😳
@jcb4826
Жыл бұрын
@@LIBlurr no sh it. I have people at work that hated everyone who jumped because of that. Now it's my time! Hahaha!!!
How do they plan on keeping players from jumping from the pga tour to the $ tour?
@dougie6897
Жыл бұрын
Who cares… when you own all 3 tours…. There’s nothing better than owning your biggest competitor
Money Talks Bullshit walks.
It shows pgat and Dpt are in a weak position.
Saudi-Owned professional golf. We still have the PGA - the Prince's Golf Association.
PGA will not control it....Saudi Arabia will run this ....I believe the players should separate and set up their own tour
@hosoiarchives4858
Жыл бұрын
Amen brother
How many people at the PGA got paid off?
Where's brandy!?
Monahan should have NOTHING to do with this new entity!
I heard the LPGA has a new impressive golfer. Maybe watching the ladies will be more interesting.
Ironically the NHLPA is located in Toronto😢
Asta la vista! Will no more watch golf on TV or any other media. Done. My 2 cents
Didn't see this coming. LiV tour was so boring it was going to be gone in a few years anyway.
WTH?
Are they all taking Saudi money now?
Now it looks like the LIV golfers were genuises....to take 15-20X what they could make on the PGA tour, just to come back and now be able to play again in the PGA. I'm sure the current PGA golfers have to be quite pissed at this agreement.
@twoblacklabs904
Жыл бұрын
Nah…”A rising tide lifts all boats.” The infusion of Saudi cash will increase purses and everyone get$ PAID!
@cvnavalew3
Жыл бұрын
I would be furious if I was one of the dudes who denied that bag on “moral” grounds 😂
While people struggle to pay for groceries and energy. I never seen so many sensitive millionaires in my life. I tell you its a hard life for these "golfers" how do they ever manage to survive...
F the PGA if they didn’t negotiate anything for holdout players like Tiger, Rory, Matsuyama, Spieth, and Zalatoris. their loyalty cost them $100s of millions
This will go down as the biggest sports blunder in history.
Now what will the PGA do with the Trump golf courses. After January 6,PGA pulled all tournaments from Trump courses. Right now,LIV golf uses 2 Trump courses.
Well, well, well, look at what we have here. Suck it PGA. It makes you wonder what everyone is hiding when you settle because you do not want to open your books. That goes for all involved.
Preserve the game of golf! After we take into account the finances of course.
would not be surprising to learn that Tiger and Rory were in some way involved with this. Both have been silent for a couple of months. Would explain the mental difficulties that Rory has been going through. Supposedly been under negotiations for about 7 weeks, the week after the Masters.
There was going to be a leak. They rushed this
Players need to join forces and strike the PGA tour. They are the product. No players, no PGA.
@Dave-zl2ky
Жыл бұрын
Golf is done.
Jay got his 50 mil bag and ran with it. Tiger no longer playing is impossible to replace. Today's top players are like watching paint dry. When Honda pulls out after 42 yrs and I am sure lots of companies cut back their support
15 of 19, never forget.
Money Wins: Logan Roy Succession.
@salvadorsanchez3031
Жыл бұрын
Kendall “Rory” Roy no lol
this is the only avenue that could have been peaceably taken.....Golf Channel has been creating the hatred when Saudi is in almost every sports platform....Rory and Tiger have taken millions from these guys..... better now that way down the road where the haters will ruin the sport of golf....money is behind it all as it is a BUSINESS..... just like Brady going to Tampa...Russel Wilson going to Denver....Rogers going to New York all these guys cashing in calling the shots....no difference whatsoever....
PGA Tour couldn't go toe to toe with PIF financially 😂 Money ALWAYS wins in this age.
DOWN GOES FRAZIER, DOWN GOES FRAIZER !!!!! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA
sounds good to me
Finally a good explanation. Thank you!
How much is he getting and his cronies, its all about money pay off.for certain individuals.
No wonder Rory was so tight lipped lately…
Well gawddamn pga
Don't feel this will work as long as Jay and pelley are around.
Is it shocking that billions of dollars makes each other friends?
Happy Gilmore that’s the way golf needs to be played clown fest😂
Used to be dealing with the Saudis was taking blood money. Pepperidge Farms remembers.
super sad #AllAboutTheGreed #SleazyBastards
Oh no! The Liv guys have to put on pants and start playing real golf again?
@NoThanx155
Жыл бұрын
You mean like the majors 😂
@mikem668
Жыл бұрын
Pretty sure Koepka was playing real golf at the Masters and PGA.
@larrymosher5045
Жыл бұрын
Or will they compromise, longer than shorts,but not full length. Will look like Calvin and Hobbs playing golf.
In the realm of PGA, controversies arise, Discussions of salaries and the mission's demise. Executives and board members, earn high pay, Not aligned with charity, some critics say. Revenues amassed, yet distribution's scarce, Golf-related causes lack PGA's care. Youth development, diversity, and the green, Insufficient support, as allegations demean. A monopoly-claimed exclusion prevails, Sponsorships, media rights, and players' tales. No room for competition, others are denied, PGA Tour reigns, its power amplified. Public subsidies and tax breaks they receive, Unlike other leagues or businesses, they believe. A special treatment, some argue unfair, PGA's privileges, critics lay them bare. These arguments ignite, with the fervor they burn, PGA Tour's practices, for all to discern. The debates carry on, where the truth will prevail, As golf's future waits, caught in this tempestuous gale.
There's millions of people paying attention to LIV outside of America
Phil mickerson is laughing in the bank took 200 million dollars contract. The loser pga didn’t take the guarantee money contract. The loser tiger woods didn’t take 1 billion dollars contracts from liv golfer.
Boycott the US Open!
@mikem668
Жыл бұрын
Enjoy yourself. The US Open is the national championship. It's an Open. It's not owned by the PGA Tour.
@smartwater598
Жыл бұрын
@@mikem668 us has blood money
Lame
Jay 🤡Nahan
pga players get screwed again...good......
LIV execs are happy to be able to save face. They knew how costly litigation could be to their new product, and that it was very possible they could lose, if taken to court by the PGA. Negotiations were ongoing for months, and the PGA just said “let’s buy them out/merge - whatever it takes” and be done with it.
@thesolvent
Жыл бұрын
That is not what happened. 😂 Liv Golf is funded from a pool of $620 billion they don't care about nothing people are saying. The PGA had lose this.
@MilesIzHigh5280
Жыл бұрын
Except that’s not even remotely true. LIV ($610 Billion PIF) has 600 times more money than the PGA has ($1.5 Billion) not to mention the Saudis make $1 Billion a day in oil alone. The PGA is Section 8 when it comes to LIV money. The facts are the PGA spent years screaming blood money and sell outs only to become sellouts for the Saudi Blood money themselves.
@chucknorris5141
Жыл бұрын
The PGA is the one with egg on their face and they are also trying to save face by not opening their books. PGA looks much worse here.
Side note: Donald Trump will still be shut out from hosting events at his courses…