I'm just giving a very small example of how this article is wrong. They provided zero evidence about the lack of income but claim it to be virtually zero
, I have provided first hand evidence that it is not the case. It doesn't matter on the size of the companies outgoings, the article has glaring holes. Its clickbait and nothing more.
You don't know the venue takes the catering fees you are merely assuming - as am I, I suppose, but at least I have a first hand account of a LIV event. And no the PGA tour wouldn't talk about catering - but neither are LIV - I am
Augusta's catering is always talked about being cheap! Liv wasn't
Common practice at sports events in the UK is for the vendors to pay a fee per meal served to the event holder.
They also sold merch - (Majestics stuff actually sold out by day 3) - at high costs! It was like £40 for a cap with a team logo..... Hoodies were like £80..
They also sold beers a plenty
They didn't however, sell many tickets! Not in London anyway.
But really the biggest income they could as for is TV money and as we all know they're sorting TV now.
I've stated time and time again, start ups don't tend to make money for years.