Luc_Van_Daele
Maybe it doesn’t make sense, but that’s what Jimmy Dunne said was the frame work. Sure the PIF wants to make money in the long run, but they’re not like a usual business that answers to stockholders etc..
And they have a dual approach imo. Sure they want to change their image. But they also want to show their people that they’re capable of investing in world wide sports.
We’re all still reading tea leaves, but Jimmy Dunne was the key negotiator in this deal, so I tend to believe what he says.
The PGA Tour was never going to give up control. Merger is probably the wrong term. The PGA Tour will remain the same. The new company will be the for profit company funding everything.
So, it’s a PGA Tour / DP World Tour / PIF arrangement. With the PGA Tour in control despite not being the biggest investor by far. Unique in business, but the Saudi’s are not your usual investor.
Disclaimer: This post is my analysis of what we know. Putting my personal feelings aside. 🙄