LIV Golf

The Pure Business Money Investment Angle


The bit between 8 and 10 mins is literally what I was saying here a year or two ago (and being lectured by predictable voices here as to why I was wrong and Saudi would win). Once you're paying to maintain the existing status rather than get shiny new toys, even people who have near infinite money lose interest realising that they're just being taken for a ride.

It's over. Nobody's paying Bryson what he wants or anything like to stay, and without him what little traction they have is dead. Obviously nobody outside PIF is investing - for that you need an investment case and there isn't one.

So it's failed. It's over.

It's a good question whether it's the worst failure of all time though.

Some of the gross numbers on some other sporting events are higher. Athens 2004 is generally held up as pretty close to the worst financial disaster of all time - to the point where it contributed significantly to Greece's financial problems and effective financial collapse few years later. It cost £8 billion or so total. Even there though, the actual event actually ran to a (small) operational surplus - so far more than LIV will ever achieve. The biggest costs were for things like building basically a new airport, new tram system to go with it. These may have been poorly thought out and extremely profligate, but at least you're left with, well, a new airport and tram system to show for it, and the money is largely spent within your own economy, albeit very inefficiently.

When LIV goes, as it will, Saudi will be left with nothing (actually less than nothing as they'll have the credibility and reputational loss: they're now seen as international suckers that will throw money at sporting nonsense with no chance of a return - a reputation they'll very much want to change). They can afford the loss infinitely better than Greece ever could, so from that point of view it's not the greatest business-of-sport disaster ever, but in terms of ROI: spending $5BN to get an end result of nothing other than being made to look like a fool with basically none of it spent to the benefit of your own national economy has to be the worst return ever.

Think what they could have done if they'd made some of the Red Sea Islands golfing zones. I mean, they already are; there's already some golf infrastructure and resorts there - you already have something to work with, albiet a bit half hearted. If they'd spent £5BN building more, travel-connecting with flights and advertising luxury golf resorts (could even innovate by making the islands a unique legal zone - allow alcohol etc) then they could go faster and harder; they'd be hurtling towards being known as the premier winter golf destination on Earth. Instead they have less than nothing for the money spent.
 
It will always be a question until the league doesn’t need to rely on the money from PIF , until the league is bringing in the billions to make it sustainable it’s always going to be at the grace of PIF

For me it’s made the PGAT worse because it’s missing a number of the worlds best players - only people benefiting are those getting more money

We now have to wait for the majors to see them together where as before they were playing in bigger events more

Want to see all the sports best players playing together more than just 4 times a year


The sport is fractured right now at the tour level
Know your post was originally more about the players suspended from the PGAT, but currently do seem to be struggling to see the top few within, playing in same tour tournaments..

 
It will be impressive if anyone from LIV wins a major this year what an absolute nightmare to try and prepare


There's only one major after the date this event was scheduled for - The Open. I don't think the change will have much impact at all in that regard. Plus, Rory seemed to be able to prepare pretty well for The Masters without to much competitive golf in the build up.
 
Beginning of the end?

If not, then definitely looks like the end of the beginning.

The fact they delayed an even less than 2 weeks after saying “ it’s full steam ahead “ kills any credibility for press updates going forward.

If I was on Liv I’d be exploring every option to get off what clearly appears to be a rapidly sinking ship.
 
Beginning of the changes D-S.

The league will be reduced next year, less US events for sure - this is indicative of the league moving to a schedule that is more investor friendly.

Investors from where ?

Did they not just name a team after a state in the US ?

It was only 2 weeks ago it was “full steam ahead”

Less events in the US also means less revenue as well , also doesn’t help with media rights

7/8 weeks in between events doesn’t look good especially during a period where there is little US sports
 
There's only one major after the date this event was scheduled for - The Open. I don't think the change will have much impact at all in that regard. Plus, Rory seemed to be able to prepare pretty well for The Masters without to much competitive golf in the build up.

There's other factors at play with preparation there's a lot of changes to LIV coming (if it is still around) a lot of noise and distraction all this upheaval can't be good for any of the players.
 
It will be impressive if anyone from LIV wins a major this year what an absolute nightmare to try and prepare

At least they are playing an American course before an American major next month :rolleyes:

They really should have looked for a links course venue for the UK event which they could have scheduled before The Open.
Going to JCB was more about business than having the players in mind.
 
At least they are playing an American course before an American major next month :rolleyes:

They really should have looked for a links course venue for the UK event which they could have scheduled before The Open.
Going to JCB was more about business than having the players in mind.

Surely that’s standard when they need to get revenue into the tour

When it comes to links courses and spectators it’s a hard one with being able to get people onto the course and battling elements etc

It’s the same with most tours , it’s why all the tours host events at the stadium type courses
 
It was a strange decision to hold an event at that time of year, with the likelihood of extreme heat and in the middle of the World Cup.
Indeed it was, and those seem to be the reasons behind the (reported) move to reschedule it to later in the year.

From the BBC: "According to sources, officials are keen to avoid peak summer heat and ensure the Bayou Oaks course at City Park is in top championship condition. LIV bosses are also said to want to avoid a clash with the World Cup."
 
Indeed it was, and those seem to be the reasons behind the (reported) move to reschedule it to later in the year.

From the BBC: "According to sources, officials are keen to avoid peak summer heat and ensure the Bayou Oaks course at City Park is in top championship condition. LIV bosses are also said to want to avoid a clash with the World Cup."

You would have thought they would be able to see that the World Cup is on then , it was only decided 8 plus years ago and the weather is the same there every year at that time

So either really poor planning or finding excuses

It’s surely couldn’t be a funding issue


 
Why do you always link to paywalled or regionally restricted content?
Are you able to tell us if the sensationalist click-bait agenda-pushing headlines an accurate representation of the article behind them?
Or, like most of the rest of us, do you not have access to the articles either so have not actually read anything other than those headlines?
 
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