And for everyone saying the LIV could never make money - Here is the PGA income statement from last year - Most of the revenue gets eaten by something called "Functional Expenses" - Which is a term used by non-profits. Maybe 1.46 billion in expenses has some room for effeciency and the money going back to the players.
Sure LIV is going to bleed $$ now, but if they think they can grow the game internationally, grow revenue, become cooler then the PGA, etc, there's no reason they can't make money one day
The Saudis don't care about making $$,
but I am sure a lot of smart people have business models to become profitable one day.
Total Revenue
$1,534,021,881
Total Functional Expenses
($1,461,249,307)
Net Income
$72,772,574
Total Executive Compensation
($27,500,490)
Jay Monahan (Commissioner) Salary
($5,378,295)
Program Services
$1,167,400,356
Royalties
$224,061,902
Pretty amazing how fast the tour 'found' 10's of millions if not pushing a hundred million in extra prize money when their hand was forced. Wish I had those couches to look through to find money.
The fans will loose short term, but there's no way these 2 tours will compete for more then 1 more year IMO. The PGA will cave as Mickelson knew they would, when the other 75% of players who aren't in Tigers inner circle realize what a scam it is and that the tour never gave a crud for them.
Last edited by Jason14h; 08-24-2022 at 12:41 PM.
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