RUMOUR: LIV Golf "giving principal players 25% ownership in teams"
Latest LIV Golf rumour suggests why the Saudi-funded circuit is becoming even more appealing for PGA Tour players.
Another day, another LIV Golf rumour hits the headlines - and this time it involves the Saudi-funded circuit giving its leading players on each team "25% ownership" in their four-man team.
This particular rumour was mentioned on Twitter by the LIV Golf Updates account, and it was then commented on by LIV Golf pro Travis Smyth who tweeted: "Everyone needs to read this... Huge deal."
The goal behind this particular move, explains the source, would be to help LIV Golf players "turn their teams into a franchise and gain equity in something tangible."
Related: Greg Norman says "the rumours are true" as he reveals how many Top 40 player agents keep calling him
"LIV Golf is giving the principal players on each team 25% ownership in the team, and providing full support to acquire sponsorships and build the team into the equivalent of a major sports franchise," reads their tweet.
"i.e. Bryson DeChambeau owns 25% of Crushers GC, hires a staff and grows the brand value to $1B, he and other principal players on the team own 25%. They control brand identity, hire staff, and grow individually, with the full support of LIV Golf.
"This is a major factor in players wanting to join LIV Golf, it's more than the signing bonus, it's the opportunity to turn a team into a franchise and gain equity in something tangible."
Everyone needs to read this…. Huge deal https://t.co/1WcTcCHMkk
— Travis Smyth (@travsmythg) July 21, 2022
This is a major factor in players wanting to join #LIVGolf, it's more than the signing bonus, it's the opportunity to turn a team into a franchise and gain equity in something tangible.
— LIV Golf Updates (@LIVGolfUpdates) July 21, 2022
Yesterday we received a rumour from multiple insiders that adidas Golf is planning to buy a LIV Golf team for $1 billion.
We reached out to adidas Golf about such a rumour and they declined to comment.
Other brands are also said to be interested in doing the same thing, but no official word has been made by any brand just yet.
Next Page: Is adidas Golf planning to buy a LIV Golf team for $1 billion?!
Andy first joined the brand on a month's work experience back in April 2011, and he now assumes the Editor role. When Andy joined GolfMagic it was a small site with potential.
