Non of what is happening is good for the future of the European Tour or whatever its called now.
Not really wanting to get into this thread but I don't understand the love for the PGA Tour after all it is taking all our best players over there.
ET/DP World Tour has always been primarily a development site with the best moving on to The PGA Tour for larger rewards playing the rest of the best in the world. Currently, LIV is simply a 'sports-washing' exercise with the initial participants 'bought' by a regime with virtually bottomless pockets.
The initial participants were always likely to be those looking for big rewards before retiring (even more) comfortably. A couple have been slight surprises, but absolutely huge sign-on fees probably/may have swayed them.
The biggest danger I can see for LIV is that it won't develop and will simply be ignored by the great unwashed public, thus becoming just an irrelevant expense for SA. I don't think it'll happen for a while, if at all, but loss of OWGR points will deter many players imo. With the 'closed shop' that exists in the group that decides allocating tours, I believe it'll be quite a struggle to get on the list. So, unless it evolves significantly to a proper Tour, it could become simply a more lucrative, earlier, version of The Senior Tour. And that, imo, would be a 'fail' for the exercise. The team format and shotgun starts are merely gimmicky 'differentiators' and will possibly be dropped in the future. It's Golf that attendees/audiences want to see - and the better the Golf, the more will want to see it. The PGA Tour, for all its selfishness, and Majors are the places to see the best golf now and I can't see that changing for some time.