- Thread Author
- #101
tomdalton22
Senior Member
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- Aug 6, 2011
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I think you probably have it backwards. It's more likely that LIV was going to prevail in the lawsuit so the PGA decided to cut it's losses and merge with them. The Saudi PIF is the sole investor in the newly formed for profit entity that will run all of golf - and they have first right of refusal for any future capital investment.
As for the players, I think it's also the opposite. Some PIF official is the chairman of the new entity while the PGA commissioner is now his top employee - doesn't look like the PGA has much leverage to screw over the LIV players. LIV guys got 8 and 9 figure paydays to join LIV, plus equity stakes in their teams (plus any money they made on the tour). The value of those teams post merger will likely skyrocket. The guys that got screwed were the ones who stayed loyal to the PGA - their commissioner sold them a bill of goods then he took the Saudi money and they got nothing.
this is what I took from the article as well. However, I'm sure that all of the details are not public yet.