Who are the 'beneficial owners' I think is the phrase ?
LIV Golf
- Thread starter MarkT
- Start date
Mel Smooth
Hacker
Who are the beneficial owners of the PGA Tour?
r0wly86
Head Pro
No one, the PGA is a not for profit organisation for the running of professional golf events in the USA, though the members i.e. the professional golfers have a large say in how it is run.
Whereas LIV is solely funded by the Saudi Arabian Public Investment Fund, the least transparent sovereign wealth fund in the world, controlled by the Saudi Arabian government and headed by the de facto ruler
Nobody. It is non profit.
Ethan
Money List Winner
It is 100% funded by the Saudi royal family. So, what about the question on funding, or are you going to dodge the tricky questions again?
Mel Smooth
Hacker
So how much profit will LIV make this year?
Mel Smooth
Hacker
No it isn’t, it will already be picking up income from other sources, small amounts of course, but that will grow over time.
Beezerk
Money List Winner
???
Ethan
Money List Winner
Really? How much and from where? Have you the published accounts?
I assume you are not so financially illiterate as to conflate non-profit with loss-making.
Mel Smooth
Hacker
Nobody has the published accounts - they don’t exist, but they’ll be receiving money from You Tube. Longer term, this will be replaced with more lucrative tv deals.
As I said, it’s small amounts but they (already) won’t be 100% funded by the PIF
Ethan
Money List Winner
Speculation and waffle, as usual.
So, how do you feel about the source of the money. You seem to have an answer for everything, even if patently nonsensical. Have a go at my question if you dare.
Mel Smooth
Hacker
Why is it speculation and waffle. You Tube pays people who attract enough traffic to their platform, it’s called monetisation.
Go and click on a video on the LIV golf YouTube channel. There’s adverts before the video starts. LIV golf will receive a son of that ad revenue.
D
Deleted member 15344
Guest
?
Everyone knows that currently all the money is coming from PIF which is the Saudi state investment fund
They have prob spent over $2bn alone on recruiting players and then the prize money
That will change if it becomes a success and they find sponsors and media deals and sell these franchises etc - and it might become sustainable but that’s all potential future working
Everyone knows that currently all the money is coming from PIF which is the Saudi state investment fund
They have prob spent over $2bn alone on recruiting players and then the prize money
That will change if it becomes a success and they find sponsors and media deals and sell these franchises etc - and it might become sustainable but that’s all potential future working
Jimaroid
Journeyman Pro
Based on current metrics of Liv Golf’s 140K subscribers and video view counts, with publically available estimations they currently stand to make a staggering $23,000 revenue from YouTube.
Just about enough to buy Mickelson his breakfast at each event.
Just about enough to buy Mickelson his breakfast at each event.
Why are people not outraged about the money they pump into F1 / Aston Martin, the Indian cricket league, the ladies golf tour, there’s probably more, it’s no different.
theoneandonly
Blackballed
Not to mention the billions in arms we sell them every year...
PhilTheFragger
Provider of Entertainment for the Golfing Gods 🙄
Thread locked, will clean up later
Those who resort to insults can expect infractions
Those who resort to insults can expect infractions
D
Deleted member 15344
Guest
I think there are a few reasons
1. It’s a golf forum so I’m not sure how many will be looking at the money in F1 , Aston Martin , IPL etc - I certainly don’t know but it will all be the same - sportswashing etc , The IPL for me is one of the worst things in the sport
2. Ladies Golf - there was a lot of discussion in the past about them taking the Saudi money and many called it hypocritical
As i said earlier there is a subtle difference as well - a lot of those sports etc are being sponsored by companies etc and many won’t know the back story etc
LiV is being funded directly by the Saudi state
And people have said the same thing about them buying Newcastle
That’s very much a political issue and I have no doubt that many won’t be happy with it
But I’m also not aware when the relevant governments who sell these contracts have anything to do with golf tours
ColchesterFC
Journeyman Pro
Bubba Watson the latest to join LIV. Another signing of a golfer that is past their peak.
Maybe there is a place for the LIV tour. It can sit between the PGA tour and the Seniors tour as a halfway house for those too old to compete at PGA level but not yet old enough for the Seniors.
Maybe there is a place for the LIV tour. It can sit between the PGA tour and the Seniors tour as a halfway house for those too old to compete at PGA level but not yet old enough for the Seniors.
Ethan
Money List Winner
The Mid-Life Crisis Tour?
