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

  • @rattown99
    @rattown99 Жыл бұрын

    Can’t wait to hear Phil’s take on this, Rory has got to be pissed!

  • @henrylee8510

    @henrylee8510

    Жыл бұрын

    And Greg, now he has nothing to burn. Maybe his house?

  • @Nighthawk-8050

    @Nighthawk-8050

    Жыл бұрын

    Wow the PGA are nothing but HIPPOCRATES THROUGH AND THROUGH.

  • @loue-black

    @loue-black

    Жыл бұрын

    Rory will be happy...Trumps now involved

  • @Kevinnnnnnm
    @Kevinnnnnnm Жыл бұрын

    Apparently one of the conditions of the deal is that Brandel Chamblee has to become a Saudi citizen to continue broadcasting

  • @dougie6897

    @dougie6897

    Жыл бұрын

    😂😂

  • @Marco-ls6ou
    @Marco-ls6ou Жыл бұрын

    PGA just stabbed its golfers in the back!

  • @aircastlemusic7092

    @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

    @aircastlemusic7092

    Жыл бұрын

    Nobody is watching LIV? I much prefer watching this format over the PGA setup.

  • @benward1347

    @benward1347

    Жыл бұрын

    @@aircastlemusic7092 be interesting to see how it plays out because for me I can’t stand the liv format

  • @8snowman88
    @8snowman88 Жыл бұрын

    Rory knew. You could pinpoint the time, when he turned cold to questions about liv in press conferences.

  • @mitchy7051

    @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

    @josephboza7448

    Жыл бұрын

    @@mitchy7051 He had to have vknow. I agree. This will make season 2 of Full Swing interesting.

  • @smoozerish
    @smoozerish Жыл бұрын

    Wonder how Rory McIroy feels after getting used by the PGA to put the boot into Liv.....after all that they merge

  • @RayNLA

    @RayNLA

    Жыл бұрын

    Like this 😢

  • @spencer2365

    @spencer2365

    Жыл бұрын

    After his muted responses towards liv recently, he must have known something was coming.

  • @Nighthawk-8050

    @Nighthawk-8050

    Жыл бұрын

    The PGA took the Saudis money to settle those lawsuits. So much for morality

  • @hambone1104
    @hambone1104 Жыл бұрын

    The immeasurable strength of the PGA, or is it really the extremely deep pockets of the Saudis……. 🤔

  • @Nighthawk-8050

    @Nighthawk-8050

    Жыл бұрын

    More like Quick Sand

  • @twoblacklabs904

    @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

    @RayNLA

    Жыл бұрын

    When being a company man goes wrong 😢 -The PGA Tour Players

  • @jimmason8502
    @jimmason8502 Жыл бұрын

    PGA Tour sold it's soul and all PGA Tour players should be royally pissed off right now.

  • @Worldaffairslover

    @Worldaffairslover

    Жыл бұрын

    How’d the pga sell its soul?

  • @stuartstuart321

    @stuartstuart321

    Жыл бұрын

    Everyone should be allowed to play wherever

  • @SA-wc2kf

    @SA-wc2kf

    Жыл бұрын

    Yeah, pissed off millionaires who will be making even more. Cry me a river.

  • @pbl5430

    @pbl5430

    Жыл бұрын

    They sold there soul when they sold out there own players

  • @MrBudcole

    @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.

  • @buggerfiggie8780
    @buggerfiggie8780 Жыл бұрын

    PGA SOLD OUT HISTORY AND SPORTSMANSHIP. Greed wins!

  • @joer8761
    @joer8761 Жыл бұрын

    I'm not happy about this

  • @Cartmanrulez
    @Cartmanrulez Жыл бұрын

    Human rights violations be damned... Let's get this money, I guess 🧐🙄

  • @ramtransportllc6818

    @ramtransportllc6818

    Жыл бұрын

    Yeah dealing with America despite it's human rights violations at home and abroad must be difficult.

  • @daveywaite25

    @daveywaite25

    Жыл бұрын

    Kinda like the NBA's association with communist China.

  • @michaelwood3146
    @michaelwood3146 Жыл бұрын

    What about Jack Smith’s subpoena of Trumps dealings with LIV?

  • @seabasssimpson4547
    @seabasssimpson4547 Жыл бұрын

    Can't wait to see the Ryder Cup competitors in shorts.

  • @VonFredrick777
    @VonFredrick777 Жыл бұрын

    not wanting to "open" their "books" is the clearest sign of deceit. Killing the game of Golf, total Negative for Golf.

  • @toddgaak422
    @toddgaak422 Жыл бұрын

    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

    @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

    @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

    @seabasssimpson4547

    Жыл бұрын

    @@johnmaloney1784 Those LIV tournaments were nearly impossible to watch, regardless of the talent playing.

  • @MilesIzHigh5280

    @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

    @kevinconnolly754

    Жыл бұрын

    you are kidding right😂, Cash is king and PIF could buy the PGA tour 100 times over

  • @jeremypretty7505
    @jeremypretty7505 Жыл бұрын

    All the PGA players pissed they never got the paydays LIV golfers got

  • @dougie6897
    @dougie6897 Жыл бұрын

    Is Rory the sacrificial lamb ? ….. Or is PATSY a better description of just what’s occurred?

  • @johnmhedges
    @johnmhedges Жыл бұрын

    If you believe Greg Norman had no idea, you'll believe anything 🤦🏻‍♂️

  • @jcb4826
    @jcb4826 Жыл бұрын

    All the crying about blood money, fines then they merge? Lol .....

  • @LIBlurr

    @LIBlurr

    Жыл бұрын

    Like the US has no blood on its hands ❗️😳

  • @jcb4826

    @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!!!

  • @58nomad
    @58nomad Жыл бұрын

    How do they plan on keeping players from jumping from the pga tour to the $ tour?

  • @dougie6897

    @dougie6897

    Жыл бұрын

    Who cares… when you own all 3 tours…. There’s nothing better than owning your biggest competitor

  • @jamescarter8421
    @jamescarter8421 Жыл бұрын

    Money Talks Bullshit walks.

  • @johnpaton8047
    @johnpaton8047 Жыл бұрын

    It shows pgat and Dpt are in a weak position.

  • @scott2836
    @scott2836 Жыл бұрын

    Saudi-Owned professional golf. We still have the PGA - the Prince's Golf Association.

  • @ronfrederick1782
    @ronfrederick1782 Жыл бұрын

    PGA will not control it....Saudi Arabia will run this ....I believe the players should separate and set up their own tour

  • @hosoiarchives4858

    @hosoiarchives4858

    Жыл бұрын

    Amen brother

  • @daddydo17
    @daddydo17 Жыл бұрын

    How many people at the PGA got paid off?

  • @stuartstuart321
    @stuartstuart321 Жыл бұрын

    Where's brandy!?

  • @sonnycusa
    @sonnycusa Жыл бұрын

    Monahan should have NOTHING to do with this new entity!

  • @danburnes722
    @danburnes722 Жыл бұрын

    I heard the LPGA has a new impressive golfer. Maybe watching the ladies will be more interesting.

  • @jimbobogie8204
    @jimbobogie8204 Жыл бұрын

    Ironically the NHLPA is located in Toronto😢

  • @rayfieldlewis8780
    @rayfieldlewis8780 Жыл бұрын

    Asta la vista! Will no more watch golf on TV or any other media. Done. My 2 cents

  • @M.Mae.M
    @M.Mae.M Жыл бұрын

    Didn't see this coming. LiV tour was so boring it was going to be gone in a few years anyway.

  • @HandyMan657
    @HandyMan657 Жыл бұрын

    WTH?

  • @johnmaloney1784
    @johnmaloney1784 Жыл бұрын

    Are they all taking Saudi money now?

  • @smoovay
    @smoovay Жыл бұрын

    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

    @twoblacklabs904

    Жыл бұрын

    Nah…”A rising tide lifts all boats.” The infusion of Saudi cash will increase purses and everyone get$ PAID!

  • @cvnavalew3

    @cvnavalew3

    Жыл бұрын

    I would be furious if I was one of the dudes who denied that bag on “moral” grounds 😂

  • @UrbanLikwid
    @UrbanLikwid Жыл бұрын

    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...

  • @Outshined93
    @Outshined93 Жыл бұрын

    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

  • @Dave-zl2ky
    @Dave-zl2ky Жыл бұрын

    This will go down as the biggest sports blunder in history.

  • @larrymosher5045
    @larrymosher5045 Жыл бұрын

    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.

  • @chucknorris5141
    @chucknorris5141 Жыл бұрын

    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.

  • @timfields2446
    @timfields2446 Жыл бұрын

    Preserve the game of golf! After we take into account the finances of course.

  • @johnclark9406
    @johnclark9406 Жыл бұрын

    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.

  • @EarlofCrawford
    @EarlofCrawford Жыл бұрын

    There was going to be a leak. They rushed this

  • @danksam11
    @danksam11 Жыл бұрын

    Players need to join forces and strike the PGA tour. They are the product. No players, no PGA.

  • @Dave-zl2ky

    @Dave-zl2ky

    Жыл бұрын

    Golf is done.

  • @danieljack3498
    @danieljack3498 Жыл бұрын

    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

  • @dokukarmagad12578
    @dokukarmagad12578 Жыл бұрын

    15 of 19, never forget.

  • @Nighthawk-8050
    @Nighthawk-8050 Жыл бұрын

    Money Wins: Logan Roy Succession.

  • @salvadorsanchez3031

    @salvadorsanchez3031

    Жыл бұрын

    Kendall “Rory” Roy no lol

  • @ronjoe9347
    @ronjoe9347 Жыл бұрын

    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....

  • @kevinconnolly754
    @kevinconnolly754 Жыл бұрын

    PGA Tour couldn't go toe to toe with PIF financially 😂 Money ALWAYS wins in this age.

  • @PaulGovcorrupt
    @PaulGovcorrupt Жыл бұрын

    DOWN GOES FRAZIER, DOWN GOES FRAIZER !!!!! HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHA

  • @jemazondo9331
    @jemazondo9331 Жыл бұрын

    sounds good to me

  • @misternewman1576
    @misternewman1576 Жыл бұрын

    Finally a good explanation. Thank you!

  • @aaronmccardie8795
    @aaronmccardie8795 Жыл бұрын

    How much is he getting and his cronies, its all about money pay off.for certain individuals.

  • @hammill444
    @hammill444 Жыл бұрын

    No wonder Rory was so tight lipped lately…

  • @user-cq9ys1kp9y
    @user-cq9ys1kp9y Жыл бұрын

    Well gawddamn pga

  • @johnpaton8047
    @johnpaton8047 Жыл бұрын

    Don't feel this will work as long as Jay and pelley are around.

  • @no1uknugamingchannel
    @no1uknugamingchannel Жыл бұрын

    Is it shocking that billions of dollars makes each other friends?

  • @anthonygehl3563
    @anthonygehl3563 Жыл бұрын

    Happy Gilmore that’s the way golf needs to be played clown fest😂

  • @Shipwright1918
    @Shipwright1918 Жыл бұрын

    Used to be dealing with the Saudis was taking blood money. Pepperidge Farms remembers.

  • @freema9246
    @freema9246 Жыл бұрын

    super sad #AllAboutTheGreed #SleazyBastards

  • @nashmiddleton1763
    @nashmiddleton1763 Жыл бұрын

    Oh no! The Liv guys have to put on pants and start playing real golf again?

  • @NoThanx155

    @NoThanx155

    Жыл бұрын

    You mean like the majors 😂

  • @mikem668

    @mikem668

    Жыл бұрын

    Pretty sure Koepka was playing real golf at the Masters and PGA.

  • @larrymosher5045

    @larrymosher5045

    Жыл бұрын

    Or will they compromise, longer than shorts,but not full length. Will look like Calvin and Hobbs playing golf.

  • @gordengibson1
    @gordengibson1 Жыл бұрын

    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.

  • @stevenjenkins3882
    @stevenjenkins3882 Жыл бұрын

    There's millions of people paying attention to LIV outside of America

  • @lowrollerscratcher3563
    @lowrollerscratcher3563 Жыл бұрын

    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.

  • @DennisLang-yg9ok
    @DennisLang-yg9ok Жыл бұрын

    Boycott the US Open!

  • @mikem668

    @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

    @smartwater598

    Жыл бұрын

    @@mikem668 us has blood money

  • @VonFredrick777
    @VonFredrick777 Жыл бұрын

    Lame

  • @pbl5430
    @pbl5430 Жыл бұрын

    Jay 🤡Nahan

  • @skipcampbell239
    @skipcampbell239 Жыл бұрын

    pga players get screwed again...good......

  • @twoblacklabs904
    @twoblacklabs904 Жыл бұрын

    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

    @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

    @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

    @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.

  • @twoblacklabs904
    @twoblacklabs904 Жыл бұрын

    Side note: Donald Trump will still be shut out from hosting events at his courses…

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