Jon Rahm joins LIV Golf

[BigJay]

Rahm 'comfortable' with LIV move, fans' backlash

Masters champion Jon Rahm says he knows he will be criticized by some golf fans over his decision to leave for LIV Golf but is "very comfortable" with the move.

www.espn.com

 

[samsncharge99]

RIP PGA Tour

 

[BigJay]

Deal worth more than $300 million and an ownership stake. Hard to turn that kind of coin down, especially with the landscape of the game and its politics and policies today

 

[BigJay]

RIP PGA Tour

Have to feel some of the top guys that held out and fought for the PGA tour are going to eventually regret not taking the huge money when it was on the table. Even the PGA’s commissioner sold out

 

[jjgold]

I thought there was a merger

 

[Tanko]

I thought there was a merger

I guess the merger is not quite a done deal.

Rahm's decision comes at a time when the PGA Tour and Saudi Arabia's Public Investment Fund are attempting to hammer out the final details of a framework agreement that would combine their commercial interests into a new for-profit entity, PGA Tour Enterprises.

Then there is this on poaching players from each other.

The June 6 framework agreement included a clause that prohibited both sides from attempting to poach each other's players, but it was removed after the U.S. Department of Justice's Antitrust Division raised concerns that it restricted competition.

 

[jjgold]

The bottom line even though there’s a lot of money in golf ratings are way down

 

[BigJay]

I guess the merger is not quite a done deal.

Rahm's decision comes at a time when the PGA Tour and Saudi Arabia's Public Investment Fund are attempting to hammer out the final details of a framework agreement that would combine their commercial interests into a new for-profit entity, PGA Tour Enterprises.

Then there is this on poaching players from each other.

The June 6 framework agreement included a clause that prohibited both sides from attempting to poach each other's players, but it was removed after the U.S. Department of Justice's Antitrust Division raised concerns that it restricted competition.

Definitely a Monopoly

 

[jjgold]

Golf who watches anymore?

LIV nobody

 

[BigJay]

Majors still interest me but week in and week out like before definitely not for me

 

[JDS]

Golf who watches anymore?

LIV nobody

Yeah I can’t get into that tour. Hate to see him go I definitely still watch the PGA tour.

 

[jjgold]

PGA even boring now
They are all so good is why

 

[JDS]

Majors still interest me but week in and week out like before definitely not for me

This.

 

[KVB]

I guess the merger is not quite a done deal.

Rahm's decision comes at a time when the PGA Tour and Saudi Arabia's Public Investment Fund are attempting to hammer out the final details of a framework agreement that would combine their commercial interests into a new for-profit entity, PGA Tour Enterprises.

Then there is this on poaching players from each other.

The June 6 framework agreement included a clause that prohibited both sides from attempting to poach each other's players, but it was removed after the U.S. Department of Justice's Antitrust Division raised concerns that it restricted competition.

I came into this thread to address this question.

I couldn't fugre out how they could make a deal for Rahm in the middle of investment talks.

The US made it possible, lol.

This would reduce the value of the PGA Tour, just when the Saudi fund was determining valuation to invest. The Saudi's couldn't have asked for it to play out any better.

They can keep the same investment and now argue that PGA Tour is worth less without Rahm, and thus get a bigger stake in the company.

Unreal how that played out.

Makes no sense thet US Antitrust would allow individual player talks to happen during the negotiations.

I still feel like we're missing something.

 

[Tanko]

I came into this thread to address this question.

I couldn't fugre out how they could make a deal for Rahm in the middle of investment talks.

The US made it possible, lol.

This would reduce the value of the PGA Tour, just when the Saudi fund was determining valuation to invest. The Saudi's couldn't have asked for it to play out any better.

They can keep the same investment and now argue that PGA Tour is worth less without Rahm, and thus get a bigger stake in the company.

Unreal how that played out.

Makes no sense thet US Antitrust would allow individual player talks to happen during the negotiations.

I still feel like we're missing something.

Do you think Rahm moving to LIV took $300M in value off PGA? I ask because that is what they are paying him.

 

[fishhead]

PGA even boring now
They are all so good is why

yes

GL GOLD

THE FOUR MAJORS, THATS IT

 

[KVB]

Do you think Rahm moving to LIV took $300M in value off PGA? I ask because that is what they are paying him.

No, that's not the way we would calulate it.

The offer to Rahm is nearly arbirtrary, and was offered a while back as well. They've been courting him with therr own fund's value of their tour, not PGA. That said, they are tossing money around not based on any kind of realistic business value or expected return. They just want in.

But because he's Rahm, it would definitely affect the PGA Tour valuation. They know this.

Almost looks like the US is allowing a monopoly here. If there's enough there to worry about restricting competition during negotiations, then it's probably a monopoly issue if they are under the same investment vehicle.

I still think there is something we don't know here, perhaps in the structure of the investment and holding company.