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Innehåll tillhandahållet av Golf Lovers United. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Golf Lovers United eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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The Explosive Future of Men's Professional Golf - A Pro Golf Critic Opinion Piece

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Manage episode 393692477 series 3503682
Innehåll tillhandahållet av Golf Lovers United. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Golf Lovers United eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In this episode, Jay discusses the merger between the PGA Tour, DP World Tour, and LIV Golf, which will create a new entity called NuCo or Umbrella Corporation.

He explains the assets each entity brings to the table and the potential value of franchising events. Jay also emphasizes the need for guaranteed player participation to increase the value of tournaments and create a stronger identity for each event. He suggests a 50-50 split between ownership and talent, with 25% allocated to the top star players and 25% to the rank and file players. In this conversation, Jay discusses the potential restructuring of professional golf and the need for change in the industry.

He explores topics such as revenue split in professional sports, balancing ownership and player compensation, incentivizing growth in professional golf, expanding the team model, alternative sponsorship models, restructuring the golf calendar, and the future of professional golf.

Takeaways

  • The revenue split between players and owners in professional sports is an important factor in determining player compensation.
  • In professional golf, there is a need to balance ownership and player compensation to ensure fairness and incentivize growth.
  • Expanding the team model in golf can create new opportunities for players and increase interest in the sport.
  • Alternative sponsorship models, such as team sponsorship, can provide more value to sponsors and contribute to the growth of professional golf.
  • Restructuring the golf calendar and moving away from the old professional golf model can drive interest and make the sport more appealing to a global audience.
  • Guaranteeing player participation in key events, such as the global series and majors, can help elevate the status of these tournaments and create a more structured and competitive golf ecosystem.

Chapters

  • 00:00 Introduction and Purpose of the Podcast
  • 03:14 The Merger between the PGA Tour, DP World Tour, and LIV Golf
  • 10:01 NuCo (Umbrella Corporation) and the Assets of Each Entity
  • 23:36 The Economics of Golf and the Need for Guaranteed Player Participation
  • 30:20 Franchising Valuable Events and Creating Strong Identities
  • 44:07 Franchising Events on the European Tour
  • 51:36 Ownership and Investment in the New Co
  • 56:36 Balancing the Value of Star Players and Rank and File Players
  • 57:05 Revenue Split in Professional Sports
  • 58:32 Balancing Ownership and Player Compensation
  • 59:36 Incentivizing Growth in Professional Golf
  • 01:01:03 Expanding the Team Model in Golf
  • 01:02:29 Designated Players and Team Sponsorship
  • 01:03:29 Alternative Sponsorship Models
  • 01:06:06 Restructuring the Golf Calendar
  • 01:08:15 Moving Away from the Old Professional Golf Model
  • 01:09:47 The Future of Professional Golf
  • 01:13:22 Guaranteeing Player Participation

Golf Lovers United Fanzone!

Fan of the show? Get involved even more by visiting our fanzone, with a range of membership and support options to bring you even closer to the action and to give you chance to have your say on the show!

Vist the fanzone now: https://www.glugc.com/support

--

Thanks to our current GLU Brand Ambassadors:


Thanks to our current GLU Golf Lovers:


--

If you like the show, remember to tell your golf-loving friends that they can subscribe on Apple Podcasts, Spotify, and at https://www.glugc.com.

The easiest way to do all of that is at https://www.glugc.com/listen.

If you want to support the show, we appreciate you and you can do that at https://www.glugc.com/support.

Golf Lovers United is produced by Mark (@MrAsquith), Ben (@GolfLoverUK) and J (@ProGolfCritic) every week.

Mentioned in this episode:

The weekly golf recap newsletter that you need

Being a golf lover is always a balancing act between the sport and real life. If you love the game and want to stay up-to-date with everything from the world of golf, you need to be reading the weekly golf news roundup, Tee Times. Sign up now for free!

Tee Times

  continue reading

50 episoder

Artwork
iconDela
 
Manage episode 393692477 series 3503682
Innehåll tillhandahållet av Golf Lovers United. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Golf Lovers United eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

In this episode, Jay discusses the merger between the PGA Tour, DP World Tour, and LIV Golf, which will create a new entity called NuCo or Umbrella Corporation.

He explains the assets each entity brings to the table and the potential value of franchising events. Jay also emphasizes the need for guaranteed player participation to increase the value of tournaments and create a stronger identity for each event. He suggests a 50-50 split between ownership and talent, with 25% allocated to the top star players and 25% to the rank and file players. In this conversation, Jay discusses the potential restructuring of professional golf and the need for change in the industry.

He explores topics such as revenue split in professional sports, balancing ownership and player compensation, incentivizing growth in professional golf, expanding the team model, alternative sponsorship models, restructuring the golf calendar, and the future of professional golf.

Takeaways

  • The revenue split between players and owners in professional sports is an important factor in determining player compensation.
  • In professional golf, there is a need to balance ownership and player compensation to ensure fairness and incentivize growth.
  • Expanding the team model in golf can create new opportunities for players and increase interest in the sport.
  • Alternative sponsorship models, such as team sponsorship, can provide more value to sponsors and contribute to the growth of professional golf.
  • Restructuring the golf calendar and moving away from the old professional golf model can drive interest and make the sport more appealing to a global audience.
  • Guaranteeing player participation in key events, such as the global series and majors, can help elevate the status of these tournaments and create a more structured and competitive golf ecosystem.

Chapters

  • 00:00 Introduction and Purpose of the Podcast
  • 03:14 The Merger between the PGA Tour, DP World Tour, and LIV Golf
  • 10:01 NuCo (Umbrella Corporation) and the Assets of Each Entity
  • 23:36 The Economics of Golf and the Need for Guaranteed Player Participation
  • 30:20 Franchising Valuable Events and Creating Strong Identities
  • 44:07 Franchising Events on the European Tour
  • 51:36 Ownership and Investment in the New Co
  • 56:36 Balancing the Value of Star Players and Rank and File Players
  • 57:05 Revenue Split in Professional Sports
  • 58:32 Balancing Ownership and Player Compensation
  • 59:36 Incentivizing Growth in Professional Golf
  • 01:01:03 Expanding the Team Model in Golf
  • 01:02:29 Designated Players and Team Sponsorship
  • 01:03:29 Alternative Sponsorship Models
  • 01:06:06 Restructuring the Golf Calendar
  • 01:08:15 Moving Away from the Old Professional Golf Model
  • 01:09:47 The Future of Professional Golf
  • 01:13:22 Guaranteeing Player Participation

Golf Lovers United Fanzone!

Fan of the show? Get involved even more by visiting our fanzone, with a range of membership and support options to bring you even closer to the action and to give you chance to have your say on the show!

Vist the fanzone now: https://www.glugc.com/support

--

Thanks to our current GLU Brand Ambassadors:


Thanks to our current GLU Golf Lovers:


--

If you like the show, remember to tell your golf-loving friends that they can subscribe on Apple Podcasts, Spotify, and at https://www.glugc.com.

The easiest way to do all of that is at https://www.glugc.com/listen.

If you want to support the show, we appreciate you and you can do that at https://www.glugc.com/support.

Golf Lovers United is produced by Mark (@MrAsquith), Ben (@GolfLoverUK) and J (@ProGolfCritic) every week.

Mentioned in this episode:

The weekly golf recap newsletter that you need

Being a golf lover is always a balancing act between the sport and real life. If you love the game and want to stay up-to-date with everything from the world of golf, you need to be reading the weekly golf news roundup, Tee Times. Sign up now for free!

Tee Times

  continue reading

50 episoder

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