LIV Golf

[Deleted member 15344]

I don’t know the breakdown of the deal. But if JCB are paying to host it and cover the prize money, it's going to be a significant amount of money, right?

So LIV are not covering the prize money anymore for the events ?


So JCB are paying to host and also covering the prize money

Why would they do they that when PIF have covered all those costs

 

[Mel Smooth]

So LIV are not covering the prize money anymore for the events ?


So JCB are paying to host and also covering the prize money

Why would they do they that when PIF have covered all those costs

Maybe JCB see value in the deal? - whether you like it, or are prepared to admit it, we're reaching the point where countries and courses are bidding to host LIV events.

 

[Deleted member 15344]

Maybe JCB see value in the deal? - whether you like it, or are prepared to admit it, we're reaching the point where countries and courses are bidding to host LIV events.

What is the value and do all courses now pay and provide the prize money ? jCB don’t have green fees or visitors so where do they recoup the money


Surely for something so dramatic a change then you would expect a press release from LIV - do you have that ?

 

[HeftyHacker]

Gosh I've really missed you two going at it

 

[Beezerk]

Gosh I've really missed you two going at it

Forum is a better place for it

 

[Jimaroid]

Maybe JCB see value in the deal? - whether you like it, or are prepared to admit it, we're reaching the point where countries and courses are bidding to host LIV events.

What value did Lord Bamford see in paying for Boris Johnson’s wedding?

Like that, JCB hosting LIV is nothing to do with the golf, it’s all political manoeuvring. And we can’t talk about that.

 

[pendodave]

Maybe JCB see value in the deal? - whether you like it, or are prepared to admit it, we're reaching the point where countries and courses are bidding to host LIV events.

Jcb make expensive kit for building stuff, sometimes in deserts.
Not just golfers looking to strike a deal.

 

[Mel Smooth]

Jcb make expensive kit for building stuff, sometimes in deserts.
Not just golfers looking to strike a deal.

Yeah, building golf courses, 100 mile long cities, world cup venues....


The figure for hosting the LIV event is 45 to 50 million dollars, less than 10% of JCB's pre tax profits. Potentially good business for all parties.

 

[Pin-seeker]

Gosh I've really missed you two going at it

apparently Phil got “fed up with it all”

Looks like he’s BACK WITH VENGEANCE

 

[Jimaroid]

The figure for hosting the LIV event is 45 to 50 million dollars, less than 10% of JCB's pre tax profits. Potentially good business for all parties.

Where are you getting these numbers from. They don’t make any sense. Especially when you don’t seem to know the difference between dollars and pounds.

 

[PNWokingham]

Yeah, building golf courses, 100 mile long cities, world cup venues....


The figure for hosting the LIV event is 45 to 50 million dollars, less than 10% of JCB's pre tax profits. Potentially good business for all parties.

ypu think JCB will pay £50m for hosting a LIV event - i think you need to check what you are smoking!

 

[D-S]

Well for other tours it’s the tour that pays “rent” to a golf course to host the event ,

I don’t think this is always true.
When the European Tour held the Masters at the Belfry they took the hotel for the whole week, rooms, food and beverage all for nothing plus shut the Brabazon for 2 weeks and the other 2 courses for one week. The only money the hotel got was half the gate receipts which was a tiny fraction of the income they lost.
The hotel obviously thought this cost was worth it for the advertising and revenue but in essence they paid a fortune to have a Tour event.

 

[Mel Smooth]

Where are you getting these numbers from. They don’t make any sense. Especially when you don’t seem to know the difference between dollars and pounds.

JCB's Pre tax profits were £557 million pounds in 2022.

45 to 50 million dollars is roughly 36 to 40 million pounds.

40 million pounds is 7.2% of 557 million pounds

7.2% is less than 10%

 

[Deleted member 1147]

I would never recommend a client pay 7% of their pre-tax profits on one advertisement.

Especially in a year when they are mothballing factories.

 

[Deleted member 29109]

JCB's Pre tax profits were £557 million pounds in 2022.

45 to 50 million dollars is roughly 36 to 40 million pounds.

40 million pounds is 7.2% of 557 million pounds

7.2% is less than 10%

Where did you get that JCB paid that much to host a LiV event?

Which other clubs were bidding to host? There must have been a few to get the fee that high.

 

[Mel Smooth]

Where did you get that JCB paid that much to host a LiV event?

Which other clubs were bidding to host? There must have been a few to get the fee that high.

From the guy that helped get the deal over the line.

 

[Deleted member 29109]

From the guy that helped get the deal over the line.

Got a link to an article?

 

[Mel Smooth]

Got a link to an article?

Yep.

 

[Deleted member 29109]

Yep.

Care to share it?

 

[Mel Smooth]

Yep.

Actually, no - it's not an article, it's audio, on a podcast - straight from the horses mouth so to speak.