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Mel Smooth

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Wonder if Eddie's sources are correct - I've heard this rumoured for sometime and I'm sure it's been mentioned before somewhere on the forum.

"Talking of the Saudis, I was told this week by someone who would know that they are buying Wentworth. The PIF are buying Wentworth, for sure. That's what I was told."

I've got a funny feeling the DPWT are already 'in' with the PIF in some form - just from a few things I've seen mentioned - worth noting that Jay Monahan is in Riyadh this week attending a the Future Investment conference hosted by the Saudis.

It's about 46 minutes into the podcast for the soundbite above.

 

Dunesman

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Thats interesting. Could align with McIlroys hints that a solution could be in sight. Another key step that could smooth progress will be Norman leaving LIV in the summer. The timing looks right.

The failure to attract a real TV deal more indicates the failure of LIV to attract interest rather than being the problem in itself, so the question now is what are the good elements of LIV that could be retained, while keeping the PGAT as the 1st division.
A world tour of events clearly must have prospects, and that might be where a tie in with the DP tour could come into play. Based in Wentworth, run by or in conjunction with the European tour, it would be distinct enough, but closely linked to, the PGAT. And remove issues of US compliance, legal, and competition.
3 rounds and even the shotgun could retain some distinction from the PGAT and regular DP events. The 3 rounds might secure Tiger to some appearances which would really be the ultimate diplomatic olive branch and a win for all sides, Tiger himself included. Especially as a revised LIV tour could sanction carts without comprimising the puritan higher tier of the PGAT events.
The team element just makes it look silly, but it would quickly be forgotten if the field was made up of higher quality golfers.
Each of the top 20 players playing 3 or 4 LIV events each around the world. Add Tiger. Keep some of the seniors like Westwood, Garcia, but add a few more, like Els, Goosen, Harrington. It would be a field we would all pay to see. A rota of players with about 2/3 of them fixed, and thise 2/3 revised each year on a merit basis.
While I cant see the PGAT resisting the PIF financial might indefinitely, fundamentally the PGAT kept the core of the players, and withstood the loss of the handful of top level stars. The PGAT has an almost infinite supply of the lower level filler, without having to resort to players who are really just seniors tour level. Restore a dozen players to the PGAT and it secures its position as the top tier. In sport, two or more top tiers never wins. The elevated events would really become key events below the majors.
 

Mel Smooth

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On a sports website in OZ

Golf civil war over? $2 billion PGA Tour/LIV peace deal reportedly agreed​


It's reported in The Sun here.

As you'd expect in that particular paper - it lacks depth and clarity - but it's pretty clear that all the parties have been closing in on a deal for some time.

 

AussieKB

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PIF will pay roughly $2 billion to become part of the PGA Tour and put an end to the saga that has divided men’s professional golf.

According to the report, LIV’s 14 event schedule will continue under the PGA Tour umbrella, while off the course the Saudi’s will gain significant influence.

The PIF will have an 11 per cent share in the PGA Tour as well as two places on the PGA Tour board including the position of chairman.

For the PIF, it does not appear to be a hefty price to pay as they possess roughly $1.4 trillion in assets.

PGA Tour players will benefit from further prize money increases created by another massive cash injection, will the DP World Tour will also have their prize purses increase courtesy of their strategic alliance with the PGA Tour.
 

Mel Smooth

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Is the Golf civil war really over?The Sun in an exclusive says the Golf civil war is over.The news first reported by the UK tabloid is kind of unbelievable just because it comes from The Sun. But when you check who wrote it (David Facey) it makes you read it twice. David Facey is or at least was a member of the Association of Golf Writers and was part of their AGW Committee along with other well known golf writers. Just the fact that the story was written by David Facey it makes you think that there could be some substance to it. Lets see what he wrote in his article and check it against what has been reported since the Framework Agreement was reached back in 2023.In terms of financial numbers it checks out. 1.3 billion US Dollars for 11% makes sense if the valuation of PGA Tour enterprises is going to be at 12 billion US Dollars which was the estimated valuation given to PGA Tour Enterprises when they made the deal with SSG.The two seats on the board also makes sense since SSG promised the PGA Tour double that amount of money and got 4 seats on the board.The Chairman of the board seat also makes sense since that was included in the original Framework Agreement. Also, the report that LIV Golf will be under the PGA Tour umbrella could also be true as it was originally intended under the Framework Agreement. The report that there is going to be another cash injection into the $1.5bn fund created this year to reward the PGA Tour players that stayed loyal to the Tour can also be true since it has been talked about ad nauseam. As well as the report that the DPWT will benefit from a "deal" by getting more money to increase their tournament purses.As you can see there is absolutely NOTHING NEW so far. All this has been on the negotiation table for months and are not part of the "disputed" topics.The only new thing in that David Facey article is this: "The deal still has to be approved by PGA players but they are expected to agree." Really, they are expected to agree? That's new! Although the article is saying that Tiger Woods and Rory McIlroy have "played key roles in the peace talks" we all know that the only key role Tiger Woods has played here is to delay or avoid this "deal." This report is similar to a report by Alan Shipnuck that came out a few days before the PGA Tour board players meeting at the Travelers Championship back in June that turned out to be nothing because the votes weren't actually there like we reported at the time. Per David Facey new report released today, that has changed. It remains to be seen if that is actually true. Do you think that Tiger Woods, Patrick Cantlay and Jordan Spieth changed their minds and now are in favor of a "deal"?

 

Arthur Wedge

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Wonder if Eddie's sources are correct - I've heard this rumoured for sometime and I'm sure it's been mentioned before somewhere on the forum.

"Talking of the Saudis, I was told this week by someone who would know that they are buying Wentworth. The PIF are buying Wentworth, for sure. That's what I was told."

I've got a funny feeling the DPWT are already 'in' with the PIF in some form - just from a few things I've seen mentioned - worth noting that Jay Monahan is in Riyadh this week attending a the Future Investment conference hosted by the Saudis.

It's about 46 minutes into the podcast for the soundbite above.


 

4LEX

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They're hardly going to say it's for sale are they when the main buyer has a bottomless pit of money.

Chinese investors have been selling a lot of sporting assets in recent times, this will be a good deal for both parties but terrible for the European Tour.

Unusual view (IMO)


Trump, Musk and the Saudi's will make golf great again!
 

Mel Smooth

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Any readers of the Irish Star on here - just wondered if they always make completely unwarranted headlines up..

The problem is, some people will be reading this guff and believing it to be true....


 

AussieKB

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President-elect Trump was spotted speaking with the governor of Saudi Arabia's Public Investment Fund, Yasir Al-Rumayyan, at a UFC fight at Madison Square Garden in New York City on Nov. 16, 2024.
 
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