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‘Not the cash value’ – Greg Norman clarifies details on LIV Golf’s offer to Tiger Woods

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At the beginning of August, GolfWRX reported on an interview between FOX News and Greg Norman, CEO of LIV Golf, in which the station asked about the figure initially offered to Tiger Woods to join the Saudi-backed organization.

Speaking to host Tucker Carlson the two-time Open champion confirmed the figure to be circa $700 million, three times over any offer we have since heard about:

“That number was out there before I became CEO, so that number has been out there, yes.”

“And, look, Tiger is a needle-mover and, of course, you have to look at the best of the best. So they had originally approached Tiger before I became CEO. So, yes, that number was somewhere in that neighborhood.”

However, in a recent interview with foxsports.com.au, Norman backtracked slightly on his initial claim, saying that, “the numbers that were thrown out were inclusive of future franchise value.”

According to Fox Sports, “Woods was offered a much smaller sign-on fee, with the remainder of LIV’s $A1 billion pitch made up of potential future earnings through ownership of one of its 12 franchises.”

Norman says: “To be honest, we don’t comment on any past or current offers to any players, but obviously the media picks up on information, tid bits, white noise, and they run with it.”

“I just want to make sure for clarification here, the numbers that were thrown out were inclusive of future franchise value.”

“And so if you take a look at this number that’s being thrown out there … the generational wealth that this franchise opportunity has for the individual players is incredible.”

Norman then insists:

“That’s how it is. It’s not the cash value. We never offered that cash value to Tiger Woods. That’s the reality of it.”

LIV has a habit of making news during some of the biggest event on the PGA Tour, and Tiger’s potential earnings were not the only topic for discussion during the week of the second of three FedEx Playoff events.

As Tiger met a select group of PGA Tour players on Tuesday to discuss the future of the tour, Norman was backing up his appeal for LIV events to be awarded OWGR points, therefore giving members a much better chance of qualifying for any future majors, should the various authorities allow them to enter. It would, also, give LIV much more legitimacy within the golfing world.

“I think it’s important for the sustainability of the OWGR, to be honest with you,” he told Fox, before continuing.

“LIV Golf is a proven platform with very significant players with very high-ranking points with a very proven model that works. So I think, really, the onus is on the OWGR as an independent organisation to see that LIV Golf is worthy of these ranking points because of what we’ve produced and what we’ve done.”

Norman sees no reason the limited-field 54-hole events are not being backed by the rankings organization:

“We’ve done all the right things. LIV is living up to it, LIV is proving it. So it’s up to the independent board, the independent chairman.”

“I’m confident they’ll sit back and see that the LIV Golf League (from 2023) and the LIV Golf Invitational Series we’ve done today is worthy and warranted of OWGR points.”

With the PGA Tour rumored to be coming out with their own limited-field big-money events, and the LIV developing a women’s league, the last few months of 2022 are going to be a hive of activity and changes, the like of which we have never seen.

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5 Comments

5 Comments

  1. Pingback: Tiger Woods 2005 tournament-used and signed Nike golf bag sells for record price – GolfWRX

  2. Pingback: Ian Poulter blasts DP World Tour over media restrictions; DP World Tour responds – GolfWRX

  3. Arch

    Aug 22, 2022 at 6:26 pm

    Somebody got a letter from Tiger’s attorney

  4. Mike

    Aug 22, 2022 at 10:52 am

    Greg Norman and all the other LIV participants keep saying it’s about growing the game, not the money. If that really is their argument, why are they playing all of their exhibition matches in the US, Canada and Europe where the game is already popular? They should be playing in places where golf needs to be grown say Saudi Arabia, Pakistan, Afghanistan, Russia and the Ukraine just to name a few.

  5. Joe

    Aug 22, 2022 at 8:27 am

    Keep telling yourself you should get OWGR points and surely it will come true LOL

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19th Hole

Shane Lowry and Justin Thomas take shots at Bryson’s awkward attempt to own viral rope incident

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“If you can’t laugh at yourself, then who can you laugh at?”

According to those search engines, both quotes can be attributed to an awful lot of people over the years, including golf legends Payne Stewart and Tiger Woods.

Sometimes, though, others don’t find it as funny.

A week ago, we reported on a viral video from LIV Chicago that showed Bryson DeChambeau losing a battle with one of the gallery ropes .

Despite the histrionics and the supposed loss of vision in one eye, he completed the event at 6-under, and finishing in the top 10.

The incident brought more attention to the tour than anything Chicago winner Cam Smith could do, and the 2020 U.S Open winner probably thought he was onto a winner when recreating the event in a re-run of Bryson v Rope.

In it, the 29-year-old prepares for the challenge like a pro boxer, before ducking under the rope with no personal damage – to the whoops of the ‘onlookers’.

It was a bit of fun, but recent BMW PGA champion, and 2022 Masters third, Shane Lowry, wasn’t at all impressed.

The 2019 Open Championship winner has always stayed fairly neutral about the Greg Norman-led tour, but there was never a doubt that he was fully behind his good friend Rory McIlroy with his views.

However, after the win at Wentworth, Lowry was a tad more open with his views:

“I just think [LIV Golf] is bad for the game. I have always said I play for trophies, not for money. That’s why I didn’t entertain it, to be honest. The reason I have never even contemplated it is I don’t think it is good for the game.”

Whilst we can’t be sure if this had any effect on his Twitter post today, it was clear what he thinks of DeChambeau’s latest stunt:

Then JT got involved and made it clear what camp he was in…

The long-standing Dunhill Links weather is always unpredictable, but home players seem to thrive whatever the conditions.

What is definite is that Lowry will not stomach much more of the clownery on show, and probably won’t be cheering Bryson on as he reached the last 64 of the World’s Longest Drive Championship.

Just as we thought things might have been calming down…..

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19th Hole

Why Phil Mickelson decided to drop out of lawsuit against PGA Tour

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Whatever the whys and wherefores, the disputes and disagreements, the one thing the LIV series has done is get people thinking.

Much water has crossed under the bridge and a recap could go on for many hours, but it remains that something somewhere caused the PGA Tour to look at a revised schedule.

Behind all this were a number of court cases, the first being 16 players fighting their cause against a DP World Tour ban, before 11 PGA Tour players sought temporary injunctions against the tour, seeking allowance into the FedEx Cup.

Since then,  Abraham Ancer, Jason Kokrak, Carlos Ortiz and Pat Perez have dropped out of the suit, the trial scheduled to commence in 2024, and now four more have fallen by the wayside.

Those four are Ian Poulter, Talor Gooch, Hudson Swafford, and more vitally, Phil Mickelson.

The idea of a series challenging the golf status quo was always in the mind of Greg Norman and his backers, and Lefty was certainly the one player that launched the idea into orbit, after a revealing interview with golf writer Alan Shipnuck.

That now leaves just three of the original 11 – Bryson DeChambeau, Matt Jones and Peter Uihlein – who are still being backed by LIV Golf.

The organization released a recent statement, commenting:

“Nothing has changed,’” confirmed LIV. “The merits of the lawsuit—the PGA Tour’s anti-competitive conduct—still stand and will be fully tested in court, and we look forward to it.”

The statement confirmed the reasons why they believe they have a strong case.

“We stand by the players who the PGA Tour has treated so poorly, but we also recognize to be successful we no longer need a wide variety of players to be on the suit. We have our players’ backs and will press our case in court against the PGA’s anti-competitive behavior.”

Losing the bigger names might be a blow to the plaintiff’s case, and Mickelson’s comments were always going to be of interest.

Lefty explained the reasons for his withdrawal to Sports Illustrated:

“I am focused on moving forward and extremely happy being a part of LIV, while also grateful for my time on the (PGA) Tour. I am pleased that the players on Tour are finally being heard, respected and valued and are benefitting from the changes recently implemented.”

He summed up:

“With LIV’s involvement in these issues, the players’ rights will be protected and I no longer feel it is necessary for me to be part of the proceedings.”

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19th Hole

Patrick Reed includes three golf journalists in fresh defamation lawsuit

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Last month, Patrick Reed filed a defamation lawsuit against Golf Channel’s Brandel Chamblee. The suit has since been withdrawn, but the former Masters champion isn’t done yet.

Reed has just filed a new lawsuit against golf journalists Damon Hack, Shane Bacon and Eamon Lynch. In addition to the writers, the suit includes both PGA Tour and DP World Tour and their commissioners Jay Monahan and Keith Pelley.

The suit alleges that those mentioned are guilty of “conspiracy, defamation, injurious falsehood and tortious interference”.

The lawsuit is a whopping 96-pages long and it lists 42 “causes of action.” The causes of action include “a pattern and practice of defaming Mr. Reed.”

“These malicious attacks have created hate, aided and abetted a hostile workplace environment, and have caused substantial financial and emotional damage and harm to Mr. Reed and his family,” Reed’s attorney Larry Klayman said in a statement.

The suit claims that the defendants have cost Reed opportunities at multi-million-dollar sponsorships over the course of his career.

The documents also allege that the defendants have been “intentionally and maliciously destroying” the reputation and sales of Reed and his wife’s company, grindworksUSA, which distributes golf equipment made by the Chinese company.

Reed was set to tee it up at the Alfred Dunhill Links this week, but was forced to withdraw due to back issues resulting from a soft mattress at a French hotel.

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