CNBC’s ‘Squawk on the Street’ host David Faber tells Rich Eisen how many billions the PGA Tour-LIV Golf merger deal could be worth, and who will control the new entity once all the dotted lines have been signed.
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38 Comments
PGA proved Greg Norman right.
What must the LPGA think of this,Women have no rights in Liv's Country.Shocking outcome.
Bought & sold
Only Golf could announce a deal – and then admit the details are not really final and no one really knows how much money but the numbers are so big it must be OK 🙂
Would you sell your wife – in principle not knowing how many camels thats the level of this old testament stuff!
LIV-pga
Disgusting
Seems like they were willing to hand out upwards of $4 billion dollars to get players over if we count Rory and Tiger.
Surely the PGA is worth some big multiple of those players, I'd say 5x to start.
$20B.
START THE QUESTIONS WITH HOW MUCH WAS MONAHAN PAID TO SWING THIS
Saudi's are hosting the 2029 winter olympics in the desert…they're building a facility for it to make artifical snow thatll cost 500 billion dollars..that amount of money is unfathomable. I would bet that they put 100-200billion into "merging" with the PGA.
Money talks..Money talks…and….Money talks…what else is there in business…you have to accept it or be left behind. Remember that American oil engineers created the middle east…you are out of options
The PGA was pissed with LIV players because the were left out. Now they are in, its no longer BLOOD Money. Shame
The saudis came to Jay and said "How much?".
Jay said "100 billion dollars lol.".
saudis said "Done.".
Greed is rampant with all executives
Jay took all the future player payments from LIV for himself and the PGA tour. LIV could either pay them one at a time or buy them all at once, Liv took the package deal.
This is so sad and say's a lot about our country!
Golf the game of TERRORISTS
This merger ruined professional golf for me.
Dp world money
Money does talk and down the road we may not like what it’s saying! Not sure Saudi money running golf is good for anybody🤦🏻♂️
Is it in the MMA neighborhood?
100 to 200 billions
JAY MONAHAN – JED CLAMPETT
Dealing with an entity.. that money means absolutely NOTHING…. just proves they can buy ANYTHING…
$100 Billion
THE REAL QUESTION IS WHAT PAYMENT DID MONAHAN GET FOR SELLING OUT TO BECOME COO, THE MEMBERS NEED TO UNIONIZE. TO PROTECT THEMSELVES……
Please don't talk to me again about Golf values. Because PGA juste signed the end of it !
I wish a lgbtq company merged with the pga. There would be much more anger.
what some people don't realize, is the for profit part for the PGA, will be out of Americas grip for taxes,,,nobody talking about that. And if it was bad for Liv to take the money, now the PGA is taking the money, why are they not saying the same for the PGA? if Liv is Crap for taking Saudi money, the PGA is Crap too!
Almost feels like a setup huh, took the top players in hostage for the real deal. Thank you, don't hate the player, hate the game. Yes All.
UFC sold for $4 billion – is this the closest comparative?
Ha, Americans can be bought.
I want to know Jack Nicholas thoughts?
The legal aspect. Liv have lots of money, they can afford the best of the best lawyer wise. They can request adjournments all the time which costs big money for both sides but of course one side has substantially more money than the other side. The bottom line is the pga were purchased by Liv. Litigation wasnt an ideal for the PGA, potentially it could have bankrupted them, thats fact not fiction. They call it a merger but you can call black white if you want doesnt make it true. Ask yourself a simple question why would LIv worth many hundreds of billions merge with another tour that is worth a tiny fraction of what Liv is worth?
Another winner of this will be fractional jet ownership company’s and Net Jets, Wheels up, XO Jet, etc…
So you don't know! A guess?????
If I find out the 3rd world Saudi's own this league i'll puke, Golf is an English heritage game, our culture should finance and direct this league, We don't need dirty saudi oil money or influence,
Beware, our other sports could be next.
Fn Arabs are buying America. Justice should block this merger