(06-06-2023, 09:52 AM)bbm233 Wrote: (06-06-2023, 08:41 AM)Softball Fan Wrote: PGA and LIV are merging. More tournaments and money.
Really disappointed about this. I am disgusted by the source of the LIV money (I have the same issue with soccer stars like Ronaldo going to the Saudi league). Sorry if this post violates the no-politics nature of the CardBoard.
I'm with you 100% on concerns about Saudi money. However, I think this agreement was about the best outcome that could have been achieved. There was a significant, non-zero risk that LIV would win its anti-trust lawsuits against both the PGA Tour and DP World Tour. The outcome of that would have been devastating to both tours.
Yes, there is blood money here and that's the part that really bothers me. However, PIF (the Saudi investment fund) has a minority stake in the new entity. The PGA Tour specifically will call the shots in this new world as they have majority ownership and the majority of seats on the board. Their leader (Jay Monahan) is the CEO so he will oversee how this new organization operates. They are also preserving the arm of the PGA Tour that does unbelievable amounts of charity work that many don't know about. We are talking about tens of millions per year, if not over a hundred million.
It remains to be seen if they can take the agreement framework announced today and deliver a complete detailed agreement. Then the healing process will really begin at the player to player level. There's a few LIV guys (Mickelson, Garcia, Poulter) who I'm not sure will ever be welcomed back. But there are other guys who kept their mouths shut for the most part and I think they will be welcomed back with open arms.
Another piece of this is the timing. Ryder Cup selections are coming up. Still not clear if LIV players will be eligible but my guess is that they will. That means Koepka will play for the US. Possibly Dustin Johnson as well although he's not played well this year. For Europe there are several players. I don't see either Garcia or Poulter being picked no matter how good they are. They really burned bridges badly when they left for LIV.
There's also the possibility that someone buys out the Saudis.