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LIV Chief Urges Golf Tours to Unite Amid Uncertain Future
business7 days ago

LIV Chief Urges Golf Tours to Unite Amid Uncertain Future

LIV Golf CEO Scott O’Neil called for the PGA Tour and DP World Tour to work together rather than compete, saying LIV’s aim is to elevate golf within the ecosystem rather than replace it. He highlighted LIV’s ongoing challenges and the looming possibility of a mass exodus, including Jon Rahm reportedly leaving LIV for the PGA Tour, while noting that from 2027 LIV players could face a blocked pathway to the DP World Tour as the Asian Tour tightens ties with Europe and the PGA Tour. With the tours’ futures intertwined and LIV’s appeal waning, the PGA Tour has little incentive to help LIV at this stage.

via hitc.com|
#business#dp-world-tour#golf-industry
LIV Golf 2.0: Can a Saudi-free reboot keep the dream alive?
sports8 days ago

LIV Golf 2.0: Can a Saudi-free reboot keep the dream alive?

LIV Golf faces an uncertain future after Saudi-backed funding dries up, with a proposed leaner 10-event global schedule and a new investor, Ted Goldthorpe of BC Partners, aiming to make the league sustainable and profitable. The plan includes offering players equity and better commercial rights, but success depends on securing a critical mass of players and closing a deal amid possible bankruptcy or restructuring, while the mood among players ranges from cautious optimism to doubt.

via BBC|
#golf-industry#investor-strategy#liv-golf
LIV CEO Calls for Cooperation as Tours Clash, Outlines 2.0 Plan
sports9 days ago

LIV CEO Calls for Cooperation as Tours Clash, Outlines 2.0 Plan

LIV Golf CEO Scott O’Neil urged golf’s leaders to end friction and let LIV players compete across tours without penalties, framing a collaborative future with a retooled “LIV 2.0” of about 10 events. The appeal comes as the DP World Tour threatens sanctions for LIV-linked players, and LIV seeks a lead investor and a deal to secure its future; many players are still weighing dual participation, and LIV says it would add events if other tours don’t permit it.

via The New York Times|
#dp-world-tour#golf-industry#liv-20
DeChambeau Eyes Surprise Path If LIV Fades, Embracing YouTube and Global Golf Moves
sports3 months ago

DeChambeau Eyes Surprise Path If LIV Fades, Embracing YouTube and Global Golf Moves

DeChambeau says he wants LIV Golf to last beyond this year and urges cooperation among golf’s governing bodies; if LIV winds down, he’d pursue other tours and expand his YouTube presence, weighing potential PGA Tour penalties, and hints at a DP World Tour path under stipulations, advocating a unified plan to grow the game ahead of the 2030 media-rights negotiations.

via Sports Illustrated|
#bryson-dechambeau#golf-industry#liv-golf
Callaway Golf's Stock Surges Amid Sale Speculation
business2 years ago

Callaway Golf's Stock Surges Amid Sale Speculation

Topgolf Callaway Brands Corp. denied reports of exploring a sale of its golf-equipment arm, leading to a 8.8% gain in shares, down from an earlier 15% surge. The company refuted claims of talks to sell the business and responded to the report due to "unusual market activity." The golf industry has struggled to maintain its pandemic boom, and Callaway Golf Co. closed on its acquisition of Topgolf Entertainment Group three years ago. Despite uncertainty, some investors remain interested, with Seoul-based Centroid Investment Partners raising a $500 million fund for a new US acquisition.

via Yahoo Finance|
#acquisition#business#denial