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Steve Lang

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Re: I told you; LIV is for lawyers...
« Reply #200 on: September 28, 2022, 10:07:32 PM »
Hasn't teh LPGA been paying for tv coverage years???
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Tim_Cronin

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Re: I told you; LIV is for lawyers...
« Reply #201 on: September 29, 2022, 12:21:03 AM »
Hasn't teh LPGA been paying for tv coverage years???


LPGA gets a rights fee. The PGA Tour took over as the LPGA’s agent a few years ago.
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Pat Burke

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Re: I told you; LIV is for lawyers...
« Reply #202 on: October 04, 2022, 02:46:00 AM »
I’m not sure if true, but I was told many years ago when I was playing, much of the Australia tour TV was paid for by the tournaments?


I do not/can not remember the details, but was surprised coming from us tour that wa happening at some events.


Back when I was playing there, the course and tournaments were as good as anything in played here in the USA. I’ve always prayed that some huge sponsor would “discover” the tour down there and provide backing the country deserves

Bruce Katona

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Re: I told you; LIV is for lawyers...
« Reply #203 on: October 04, 2022, 02:18:06 PM »
FWIW I just saw that LIV attracted Cam Smith and Leishman by offering part ownership.

But a share of what, exactly?


An equity interest in a potential new venture; especially if one does not have to actually invest one's own out-of-pocket cash; has a huge financial upside with very little downside; as many VC's know.




Back in 2009-2010 the VC investment firm Elevation Partners (yep that guy - no not DJT, the Irish rock star) injected $210 million in a social media platform company called Facebook (Meta). Lots of folks snickered. 13 months later the investment was worth $1.05 Billion - a 5x in a little more than a year.


That's what can happen on the upside.

Rob Marshall

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Re: I told you; LIV is for lawyers...
« Reply #204 on: October 05, 2022, 07:37:39 AM »
I’m not sure if true, but I was told many years ago when I was playing, much of the Australia tour TV was paid for by the tournaments?


I do not/can not remember the details, but was surprised coming from us tour that wa happening at some events.


Back when I was playing there, the course and tournaments were as good as anything in played here in the USA. I’ve always prayed that some huge sponsor would “discover” the tour down there and provide backing the country deserves


Wonder why Norman didn't do it with LIV? He has the name and the backing.
"I used to get pissed at blowing leads until I quit having them" John Kavanaugh

Ken Moum

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Re: I told you; LIV is for lawyers...
« Reply #205 on: October 05, 2022, 11:16:12 AM »
FWIW I just saw that LIV attracted Cam Smith and Leishman by offering part ownership.

But a share of what, exactly?

An equity interest in a potential new venture; especially if one does not have to actually invest one's own out-of-pocket cash; has a huge financial upside with very little downside; as many VC's know.




Back in 2009-2010 the VC investment firm Elevation Partners (yep that guy - no not DJT, the Irish rock star) injected $210 million in a social media platform company called Facebook (Meta). Lots of folks snickered. 13 months later the investment was worth $1.05 Billion - a 5x in a little more than a year.


That's what can happen on the upside.


Of course it can, but my question was, "A share of what?"


A share of the cost of buying new players for LIV? A share of the cost of buying time on TV?


FB didn't look like much 13 years ago, but it was a functioning thing.


I actually am interested in what the players who got a "share" are being told they're getting. I suspect it's being part owner of a team, given that selling team sponsorships has come up several times in discussions, and Poulter did say he was wearing the logos because he was and owner.

Over time, the guy in the ideal position derives an advantage, and delivering him further  advantage is not worth making the rest of the players suffer at the expense of fun, variety, and ultimately cost -- Jeff Warne, 12-08-2010

Ken Moum

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Re: I told you; LIV is for lawyers...
« Reply #206 on: October 05, 2022, 11:22:09 AM »
I’m not sure if true, but I was told many years ago when I was playing, much of the Australia tour TV was paid for by the tournaments?


I do not/can not remember the details, but was surprised coming from us tour that wa happening at some events.


Back when I was playing there, the course and tournaments were as good as anything in played here in the USA. I’ve always prayed that some huge sponsor would “discover” the tour down there and provide backing the country deserves


Wonder why Norman didn't do it with LIV? He has the name and the backing.


You'd have to guess that it's because his primary goal has little to do with with building anything as beneficent as an Aussie Tour and completely to do with damaging the PGA Tour as much as possible.  This is, after all, the end of 30 years of him being pissed at Finchem.


And as regards buying TV time, it's pretty common.  I didn't realize it until now, the the LPGA has been buying time for years, and still has some tournaments under that system.  Then they are stuck finding sponsors to pay for it.  It's why sometimes their events that run over the allotted time don't get finished on-air.


FWIW, when I was in the outdoors writing business, I knew some guys who had fishing and hunting shows in the Midwest who did the same thing. It's a tough way to make a living, IMHO.
Over time, the guy in the ideal position derives an advantage, and delivering him further  advantage is not worth making the rest of the players suffer at the expense of fun, variety, and ultimately cost -- Jeff Warne, 12-08-2010

Pat Burke

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Re: I told you; LIV is for lawyers...
« Reply #207 on: October 05, 2022, 05:30:16 PM »
I’m not sure if true, but I was told many years ago when I was playing, much of the Australia tour TV was paid for by the tournaments?







I do not/can not remember the details, but was surprised coming from us tour that wa happening at some events.


Back when I was playing there, the course and tournaments were as good as anything in played here in the USA. I’ve always prayed that some huge sponsor would “discover” the tour down there and provide backing the country deserves


Wonder why Norman didn't do it with LIV? He has the name and the backing.






I was somewhat hoping. But would not surprise me if the Aus Tour rebuffed any overtures.




Pete_Pittock

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Re: I told you; LIV is for lawyers...
« Reply #208 on: October 05, 2022, 07:58:22 PM »
Some time ago I read that Norman was selling his US properties to move back to Australia? Too bad that didn't work out.


So the Saudis, OPEC and partners agreed to cut oil production to increase oil prices. Nice going, LIV by extension.  Been driving, Oregon was $5.40, Los Angeles was $7.45 and in Tucson its $3.50

Anthony Butler

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Re: I told you; LIV is for lawyers... New
« Reply #209 on: October 06, 2022, 10:24:27 AM »

So the Saudis, OPEC and partners agreed to cut oil production to increase oil prices.
Every day I'm more convinced that LIV Golf is a way for the Saudis to launder money to the Trumps... in return for what?

Maybe a classified report on Israel and Iran's nuclear capabilities fell out of the box on the way from DC to Mara Lago. Will we ever find out how much Trump got from the Saudi Govt. for renting his courses to the two LIV events this year? I'll bet $1000 it was WAAAY over standard commercial rates.

Meanwhile reports are surfacing about a 'privately owned' club in Victoria hosting the Australian LIV even in 2023. Some have speculated it might be Cathedral Lodge. If that turns out to be true, at least it means Royal Melbourne, Kingston Heath  etc. and thank god NSW Golf Club will not have their names besmirched by the stink of Saudi oil money.
« Last Edit: October 07, 2022, 10:47:35 AM by Anthony Butler »
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