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MustardFacial posted:They've owned Formula 1 for about a decade now. But F1 has never shied away when people call them out for being corrupt af. Let's be honest here, the Saudi money is really American money that we gave them for oil with a promise that the American military would defend them. They literally have to spend it on American goods because that's how international trade works. (Yes I know I'm simplifying but I don't want to get into international finance.) Whether the Saudis by American cars, American Treasury Bonds, or Whatever, that has to flow back from where it originated. If we want to be holier than the Saudis then we should never have bought their oil in the first place.
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Jun 6, 2023 17:31
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It would also not be a terrible time to maybe make an alternative tour for the guys in their 40s out of the remains of the LIV, and address some of the player greivances. Still probably the worst possible result for anyone caring about the politics of all of this, or the structure of the company.
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Jun 6, 2023 17:35
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daslog posted:Let's be honest here, the Saudi money is really American money that we gave them for oil with a promise that the American military would defend them. They literally have to spend it on American goods because that's how international trade works. (Yes I know I'm simplifying but I don't want to get into international finance.) Exports of oil to the USA account for less than 5% of Saudi Arabia's total. The overwhelming majority is sold to China, India and other Asian markets. The USA and Saudi Arabia deal extensively in arms. Saudi Arabia are investing in sports entirely because it's great business if you have a ton of available cash and want more quickly.
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Jun 6, 2023 17:36
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so is it going to be 72 hole tourneys or 54. lmao golf politics rules
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Jun 6, 2023 17:41
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initial feeling (since the PGA brass seems to be the mouthpiece on this so far and apparently Norman wasn't aware of anything until this morning) is that the LIV brand will either be lost to history or relegated to co-branding on some random gimmick events and it'll basically be business-as-usual for the PGA Tour, 72 hole individual stroke play for most of the events total guess though
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Jun 6, 2023 17:54
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I think the Saudi Public Investment Fund has been looking to retreat for a while now...... From 5 days ago..... https://www.golfdigest.com/story/endeavor-1-billion-liv-golf-2023 quote:According to the head of Endeavor, the company considered a $1 billion investment in LIV Golf. There is also nothing that I see in today's statement about the tours combining, just the existing financial entities will each invest to create a new one. None of the actual details are out there. As of now, the Euro Tour, Asian Tour and LIV tour will still exist as will the PGA Tour. Also, I don't think we still actually have seen definitively exactly how much "front money" was "paid and deposited" to these players just all the extravagant total contract $$ that were put out there that may have tons of unreachable milestones. They did get money up front as Varner and Koepka have stated we just don't know how much, right?
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Jun 6, 2023 18:03
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https://twitter.com/JoePompliano/status/1666118686594220032 Lol
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Jun 6, 2023 18:03
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this is somehow extremely funny and horrible at the same time
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Jun 6, 2023 18:06
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DJExile posted:https://twitter.com/thejasonkirk/status/1666084948267380737 MustardFacial posted:They've owned Formula 1 for about a decade now. But F1 has never shied away when people call them out for being corrupt af. Liberty Media is Saudi owned?
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Jun 6, 2023 18:09
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daslog posted:Let's be honest here, the Saudi money is really American money that we gave them for oil It is very literally American money. All oil transactions (I think everywhere, but it may just be from OPEC nations) are done in Petrodollars. Petrodollars up until very recently were US Dollars. It didn't matter which country was buying oil, if you were buying oil you were doing it in US Dollars. At this point SA has more US Dollars than the US does. Island Nation posted:Liberty Media is Saudi owned? This whole "merger" is essentially boiling down to a title sponsorship where Saudi Investment Fund companies take on title sponsorship roles for the league as a whole. F1 does this the same way. Two of the title sponsors for Formula 1 are Aramco and Qatar Airways. SA doesn't directly own FOM (or the FIA) but they are paying the bills (and the kickbacks). MustardFacial fucked around with this message at 18:20 on Jun 6, 2023 |
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Jun 6, 2023 18:09
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It took an entity as bad as the Saudi investment fund to make the PGA a sympathetic character. I guess we should never have expected any other result. Evil meets Evil+ was always going to result in Evil++.
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Jun 6, 2023 18:10
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Did not expect this news today. If I'm Rory, I'm especially furious at this. Who, besides Monahan, would need to sign off on this from the PGA's perspective? I'm shocked nothing had leaked about this
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Jun 6, 2023 18:11
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Rory and Tiger gotta be livid lmao. Tiger turned down a billion and equity lmao.
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Jun 6, 2023 18:17
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Dexo posted:Rory and Tiger gotta be livid lmao. I have a feeling this wasn't focus grouped prior to announcement.
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Jun 6, 2023 18:22
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daslog posted:Whether the Saudis by American cars, American Treasury Bonds, or Whatever, that has to flow back from where it originated. I’m fine with this flowing back. What I’m not fine with is Bryson flowing back to us lol. We’re going to have to listen to the announcers tell us how he’s a math genius while Bryson takes 8 min to select a club for an approach shot because he was accounting for barometric pressure and humidity (calculated all in his head because he’s so smart!!). What I am looking forward to is Phil’s swagger when he rolls into pga tour events a cool 100 million richer haha. I bet he’s going to give some hilarious interviews and be real smug with reporters. Phil’s the man. 
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Jun 6, 2023 18:29
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Phil spent all that poo poo settling tabs with his bookie and the government
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Jun 6, 2023 18:53
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Let’s be honest, Phil probably gambled away at least half of that money already. (Or paid his gambling debts with it).
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Jun 6, 2023 18:57
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it's shaping up like Norman's gonna get left on the outside which is either hilarious or tragic, depending on if your name is Greg Norman
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Jun 6, 2023 19:12
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https://twitter.com/jameshesky/status/1666112128703406081?s=46&t=G6CJ0SXAYnboFhRP-mw0TA
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Jun 6, 2023 19:16
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 Money always wins 
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Jun 6, 2023 19:44
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Jesus loving christ this letter https://twitter.com/acaseofthegolf1/status/1666092033868701697
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Jun 6, 2023 19:59
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Aggro posted:https://twitter.com/jameshesky/status/1666112128703406081?s=46&t=G6CJ0SXAYnboFhRP-mw0TA Rack em
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Jun 6, 2023 19:59
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MustardFacial posted:Jesus loving christ this letter What’s Jesus Christ about it? Sounds like LIV is deader than a doornail
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Jun 6, 2023 20:10
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Aggro posted:https://twitter.com/jameshesky/status/1666112128703406081?s=46&t=G6CJ0SXAYnboFhRP-mw0TA lol
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Jun 6, 2023 20:10
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The PGA players who towed the company line look by far the worst here. Remember kids, there's no such thing as loyalty in the business world. You owe these places nothing.
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Jun 6, 2023 20:27
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i am a moron posted:What’s Jesus Christ about it? Sounds like LIV is deader than a doornail Yeah this sounds like the PGA rolled up and said "You guys are hosed, you know you're hosed, give us a cut of your dirty, dirty money and we'll bring your players back and let you save some face."
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Jun 6, 2023 20:27
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Rogue Elephant posted:Yeah this sounds like the PGA rolled up and said "You guys are hosed, you know you're hosed, give us a cut of your dirty, dirty money and we'll bring your players back and let you save some face." The PGA was probably motivated by the idea of having all of their internal documents made public during the discovery phase of the lawsuit.
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Jun 6, 2023 20:32
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Rogue Elephant posted:Yeah this sounds like the PGA rolled up and said "You guys are hosed, you know you're hosed, give us a cut of your dirty, dirty money and we'll bring your players back and let you save some face." That's still a win for Saudi Arabia though.
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Jun 6, 2023 20:37
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Dexo posted:Rory and Tiger gotta be livid lmao. I can't imagine Tiger was going to risk his billion dollar Nike bag for a different bag with more blood on it.
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Jun 6, 2023 20:38
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daslog posted:The PGA was probably motivated by the idea of having all of their internal documents made public during the discovery phase of the lawsuit. Yeah that's also true, I should clarify that by 'hosed' I mean that almost no one actually cares about LIV, not who would win a lawsuit. The reigning PGA Champion is on their roster and it didn't move the needle at all edit: Shinjobi posted:That's still a win for Saudi Arabia though. Agreed, I think it's a win-win for them and the PGA, the only losers really are any players who refused to sign on ethical/moral grounds who now have to compromise themselves to continue their careers Rogue Elephant fucked around with this message at 20:46 on Jun 6, 2023 |
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Jun 6, 2023 20:39
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fancyclown posted:
Well he's got my vote.
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Jun 6, 2023 20:43
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https://twitter.com/chadmumm/status/1666110482993008640?s=12&t=VyHvf2uJxP94wV4ooBbtEw appointment viewing.
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Jun 6, 2023 20:46
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Mcqueen posted:https://twitter.com/chadmumm/status/1666110482993008640?s=12&t=VyHvf2uJxP94wV4ooBbtEw oh maaaannnn 
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Jun 6, 2023 20:47
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Full Swing came at the absolute perfect time. It's unreal how lucky they got.
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Jun 6, 2023 20:56
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daslog posted:The PGA was probably motivated by the idea of having all of their internal documents made public during the discovery phase of the lawsuit. imo the third paragraph mentioning that this move allows them to remain tax exempt makes this the most plausible explanation. they were terrified of discovery putting them under scrutiny and losing that status
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Jun 6, 2023 21:01
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i am a moron posted:What’s Jesus Christ about it? Sounds like LIV is deader than a doornail The Jesus Christ part is this:  The PIF (through another company) is taking control of the entire commercial aspect of the PGA, LIV, and DP World Tour. Along with this:  Where the governor of the PIF and Monahan are the ones taking pay days. The PGA still stays non-profit and still holds PGA events, but all of the money in the sport now runs back to Monahan's pockets and the PIF (and by proxy Saudi Arabia). MustardFacial fucked around with this message at 21:08 on Jun 6, 2023 |
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Jun 6, 2023 21:04
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This feels like the biggest golf story... Ever?
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Jun 6, 2023 21:16
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Kirios posted:This feels like the biggest golf story... Ever? Tigers crash was p. big news.
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Jun 6, 2023 21:23
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https://twitter.com/TheMaxMeyer/status/1666088801545101316?t=OLO070Y1x5HL67OT-CSMDg&s=19
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Jun 6, 2023 21:28
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https://www.youtube.com/watch?v=_RQ7I_UNQlQ
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Jun 6, 2023 21:28
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