LIV Shutting Down?

14,879 Views | 187 Replies | Last: 6 hrs ago by class of 03
Matsui
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If they can get some funding it can continue. Probably not in the big deals arena though.
JCA1
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Quinn said:




Interesting summary and seems to be the best explanation for the various rumors.

Whether it be ranches, wineries, or sports-related, the ultra-wealthy are willing to lose a bunch of money on vanity projects. Having said that, keeping LIV going at its current burn rate would require a massive capital infusion if the PIF is in fact out with very little chance of any meaningful return. Seems like a tough sell to investors. And then there's Bryson's contract. He's reportedly asking for $400 mill to reup (and that price may have went up today). Now, these new investors would need to keep the party going and come up with a cool half-billion to keep Bryson. But I also don't think they can afford to lose him.

Shorter version-rich people will invest in all sorts of crazy things but replacing the PIF is going to be next to impossible.
safety guy
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The pif is heavily involved in tennis as well. But that may be more sustainable than a breakaway golf league.
Matsui
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Definitely is.
Bunk Moreland
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Cristiano Ronaldo probably scrambling to make sure all of his checks are still cashing.
DannyDuberstein
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It's UK entity reported a loss of $590mm last year. The accumulated losses are $1.5billion. The prize money and costs are not a viable business, and without that prize money, you aren't keeping the players. I see nobody lining up to help pick up to fund it
jonj101
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Well good for you - and that is a fair take.

Some in golf media just hammered other points/discussions over the years with LIV that I thought were ridiculous.
EliteElectric
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I guess this Strait of Hormuz mess is affecting cash flow. Even Arab princes are balling on a budget these days
2wealfth Man
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EliteElectric said:

I guess this Strait of Hormuz mess is affecting cash flow. Even Arab princes are balling on a budget these days
uncertain cash inflows and pretty significant rebuilding costs for infrastructure are coming straight at them in the near term. They also committed to significantly more funding for regional defense and potential financial support for a "friendly" Iranian regime. Vanity investments such as sports are no longer on near term radar of the PIF it would appear. China would be the only other benefactor I could see stepping in at the level required.
PJYoung
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I think LIV is just gonna get thru this week and then end things.

How long can they hold out with no new inflows from PIF?
2wealfth Man
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PJYoung said:

I think LIV is just gonna get thru this week and then end things.

How long can they hold out with no new inflows from PIF?
it seems they have committed to funding through the end of the LIV season (August or so). Bryson is up for renewal and they aren't going to fund what he is asking for. Wonder when the defections to the DP tour start so players can accumulate points (both DP and OWGR) and start the one year "no unsanctioned tour appearances" clock to get tour cards through DP points standings (this the obvious path for the Taylor Gooch'es and Harold Varner's of the world). Would need to move ASAP to have a shot for next year. Patrick Reed was uber smart to get out in front of it. Phil (LIV's uber-recruiter of yore) tucked his tail between his legs and went home
Quinn
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Agree. Seems like the whole thing is going to collapse if/when the players who still have a future in Professional golf stop playing events.
2wealfth Man
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Here is an interesting list of college golfers who. signed directly with LIV. Guess they have never been tour members and would have to earn their way in from of scratch? after maybe sitting one year? lots of questions

Key Collegiate/Amateur Signings:

Michael La Sasso (2025/2026): The 2025 NCAA Division I Individual Champion signed with Phil Mickelson's HyFlyers GC for the 2026 season, leaving the University of Mississippi (Ole Miss) before his senior year. He forfeited his 2026 Masters invite by turning professional.

Jose Ballester (2025): The 2024 U.S. Amateur winner joined Sergio Garcia's Fireballs GC after his senior year at Arizona State University.

Caleb Surratt (2024): Left the University of Tennessee during his sophomore year to join Jon Rahm's Legion XIII in 2024.

David Puig (2022): Left Arizona State University during his senior year to join LIV in June 2022, becoming one of the first to join directly from college.

Eugenio Chacarra (2022): Left Oklahoma State University before his senior year to join LIV in June 2022.

James Piot (2022): The 2021 U.S. Amateur winner and former Michigan State golfer joined in June 2022.

Turk Pettit (2022): Joined in 2022 following his 2021 NCAA individual title at Clemson.
safety guy
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Caleb Surratt has done quite well for himself on LIV. Helps that he is on the Rahm/Hatton team. He's earned well over $10m in earnings. Now, granted there are expenses and taxes. But he likely would have to go to the korn ferry tour. But even if he doesn't make it big, he likely will have a nice life.
MAROON
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Mexico first round on right now
What do you boys want for breakfast BBQ ?.....OK Chili.
MAROON
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2wealfth Man said:

Here is an interesting list of college golfers who. signed directly with LIV. Guess they have never been tour members and would have to earn their way in from of scratch? after maybe sitting one year? lots of questions

Key Collegiate/Amateur Signings:

Michael La Sasso (2025/2026): The 2025 NCAA Division I Individual Champion signed with Phil Mickelson's HyFlyers GC for the 2026 season, leaving the University of Mississippi (Ole Miss) before his senior year. He forfeited his 2026 Masters invite by turning professional.

Jose Ballester (2025): The 2024 U.S. Amateur winner joined Sergio Garcia's Fireballs GC after his senior year at Arizona State University.

Caleb Surratt (2024): Left the University of Tennessee during his sophomore year to join Jon Rahm's Legion XIII in 2024.

David Puig (2022): Left Arizona State University during his senior year to join LIV in June 2022, becoming one of the first to join directly from college.

Eugenio Chacarra (2022): Left Oklahoma State University before his senior year to join LIV in June 2022.

James Piot (2022): The 2021 U.S. Amateur winner and former Michigan State golfer joined in June 2022.

Turk Pettit (2022): Joined in 2022 following his 2021 NCAA individual title at Clemson.


Puig as made $24mil in LIV

Charcarra $18mil

Piot $4m

Petit $1.7mil

Ballestar $6mil

LeSasso $1.1mil
What do you boys want for breakfast BBQ ?.....OK Chili.
class of 03
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All those guys were smart for taking the bag. We might not hear from most of them again, but they have some real jingle in their pocket.

Hopefully we get Sergio still wearing Los Fireballs gear in Augusta for years to come.
2wealfth Man
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I don't know what tax jurisdiction these guys all live in; but give the government 35-40% in the US, pay for your travel, pay your agent, pay your coaches (swing and mental), pay your physio, pay your financial advisors, buy a fancy car/house, pay for stupid young person things; there ain't as much left as you might imagine. Death by a 1,000 cuts financially. Hopefully, they have good agents and advisors, a solid family, and some other sources of income (clothing, equipment. appearance fees, etc.)
JFrench
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I have similar problems with my career. Wish I had their game with the biggie smalls problems.

PIF throws out 50 billion a year. They bought a seat at the table. If they could money whip it they would.
_lefraud_
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Puig is 82nd in the OWGR and has done really well on the DPWT the past year. He will be in the PGA Champ next month and should have no problem earning his card.
Peter Piper
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2wealfth Man said:

I don't know what tax jurisdiction these guys all live in; but give the government 35-40% in the US, pay for your travel, pay your agent, pay your coaches (swing and mental), pay your physio, pay your financial advisors, buy a fancy car/house, pay for stupid young person things; there ain't as much left as you might imagine. Death by a 1,000 cuts financially. Hopefully, they have good agents and advisors, a solid family, and some other sources of income (clothing, equipment. appearance fees, etc.)

Oh man, the way you describe it, that's a tough life. I guess I'll just stick to my boring 9-5 job with 6 weeks of vacation a year.
Habanero Guero
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Peter Piper said:

2wealfth Man said:

I don't know what tax jurisdiction these guys all live in; but give the government 35-40% in the US, pay for your travel, pay your agent, pay your coaches (swing and mental), pay your physio, pay your financial advisors, buy a fancy car/house, pay for stupid young person things; there ain't as much left as you might imagine. Death by a 1,000 cuts financially. Hopefully, they have good agents and advisors, a solid family, and some other sources of income (clothing, equipment. appearance fees, etc.)

Oh man, the way you describe it, that's a tough life. I guess I'll just stick to my boring 9-5 job with 6 weeks of vacation a year.


6 weeks?? Dang good for you
Houston Astros- 2017 & 2022 World Champs
Poot
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2wealfth Man said:

I don't know what tax jurisdiction these guys all live in; but give the government 35-40% in the US, pay for your travel, pay your agent, pay your coaches (swing and mental), pay your physio, pay your financial advisors, buy a fancy car/house, pay for stupid young person things; there ain't as much left as you might imagine. Death by a 1,000 cuts financially. Hopefully, they have good agents and advisors, a solid family, and some other sources of income (clothing, equipment. appearance fees, etc.)


Reminds me of when Patrick Ewing, when in the middle of labor negotiations famously said, "People don't understand… yeah, we make a lot of money. But we spend a lot too."
JCA1
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Upcoming TV negotiations add another wrinkle for how to handle the potential return of LIV guys.


Quinn
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Basically seems like the PIF will stop funding LIV most likely at the end of the 2026 season (though possibly earlier). From there, LIV will try and attract new investors, though I'm not sure how that will go based on the economics of LIV so far. LIV still needs to re-sign Bryson, but I doubt they will be able to do that for $400mm or whatever he wants without PIF backing. Will be fascinating to watch it play out.

I hope they don't get funding so we can be back to one unified main tour sooner rather than later.
RogerFurlong
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Without the PIF I'd imagine it just goes away. I wonder if some guys (DJ, Cam Smith) even try to come back to the tour or if they just go fishing. Hopefully Anthony Kim finds a spot somewhere.
DannyDuberstein
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Yeah, I think the signing bonuses and prize money keep guys on this year, but it will be deader than fried chicken in 2027
EliteElectric
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if they truly are going the way of the ipod you should see rats leaving the sinking ship soon
DannyDuberstein
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The catch is some of these fatass bonuses are tied to them playing. If they get nervous any of that won't get paid, I agree that you will see an exodus now vs at the end of the 2026 LIV season. But if the PGAT holds to the terms it gave Fat Pat as the standard for guys who resigned their PGAT membership (1 year waiting period), you're giving up your fat 2026 LIV $$$ and it's only buying you a partial 2027 PGAT season. Wait until August and you get all of your 2026 LIV $$$ and start fresh in Aug 2027.

So you collect all of your LIV $$$ for 2026, scramble a dp world tour type schedule for 2027, then start PGAT fresh in the fall of 2027 for the 2028 season
JCA1
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DannyDuberstein said:

The catch is some of these fatass bonuses are tied to them playing. If they get nervous any of that won't get paid, I agree that you will see an exodus now vs at the end of the 2026 LIV season. But if the PGAT holds to the terms it gave Fat Pat as the standard for guys who resigned their PGAT membership (1 year waiting period), you're giving up your fat 2026 LIV $$$ and it's only buying you a partial 2027 PGAT season. Wait until August and you get all of your 2026 LIV $$$ and start fresh in Aug 2027.

So you collect all of your LIV $$$ for 2026, scramble a dp world tour type schedule for 2027, then start PGAT fresh in the fall of 2027 for the 2028 season


Yep. This is the most likely unless the LIV checks start bouncing.
PJYoung
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JCA1 said:

DannyDuberstein said:

The catch is some of these fatass bonuses are tied to them playing. If they get nervous any of that won't get paid, I agree that you will see an exodus now vs at the end of the 2026 LIV season. But if the PGAT holds to the terms it gave Fat Pat as the standard for guys who resigned their PGAT membership (1 year waiting period), you're giving up your fat 2026 LIV $$$ and it's only buying you a partial 2027 PGAT season. Wait until August and you get all of your 2026 LIV $$$ and start fresh in Aug 2027.

So you collect all of your LIV $$$ for 2026, scramble a dp world tour type schedule for 2027, then start PGAT fresh in the fall of 2027 for the 2028 season


Yep. This is the most likely unless the LIV checks start bouncing.

Yeah that's the catch.

The LIV CEO that is saying they are fully funded through 2026 was telling everybody 2032 exactly 1 week ago.

Who knows what he will be saying next week.
PJYoung
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DannyDuberstein
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Yes, the wild card is definitely player/agent confidence as to whether 2026 checks clear. If that confidence is high, then I expect most to see the year and then go. But if it's wavering - which it sounds like it could be, the exodus starts soon
RogerFurlong
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I'd be surprised if Bryson finishes out the year.
Gigem314
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Yesterday said:

"Suspended??? I want him kicked off the tour!!!"
 
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