LIV Golf League Lawyers Say 2023 Revenue Was 'Virtually Zero' > 자유게시판

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As the LIV Golf League prepares to start its second season in Mexico later this month, the circuit being financed by Saudi Arabia's Public Investment Fund is producing virtually no income, based on federal courtroom documents.


The LIV Golf League's attorneys made that admission in a movement filed with the U.S. District Court docket for Northern California on Monday. LIV Golf asked U.S. District Court docket Decide Beth Labson Freeman to deny the PGA Tour's movement for depart to add the public Funding Fund and its governor, Yasir Al-Rumayyan, as plaintiffs within the tour's countersuit towards LIV Golf, wherein it alleges LIV Golf interfered with its contract with players.

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On Monday, the PGA Tour's attorneys requested a conference hearing with Freeman to discuss whether or not discovery deadlines and the January 2024 trial date should be pushed back as a result of the general public Investment Fund and Al-Rumayyan have allegedly didn't adjust to discovery and depositions.

Freeman has scheduled a Feb. 24 case administration convention to listen to the sides' arguments.

"The Tour's motion to amend should be denied as a result of the modification can be futile, would cause unfair prejudice, was unduly delayed, and is obviously supposed to inappropriately delay the case and resolution of Plaintiffs' antitrust claims," LIV Golf's attorneys wrote in Monday's movement.


"Delay will equally hurt LIV because the Tour continues its anticompetitive conduct whereas the litigation is pending. The Tour has broken LIV's brand, pushed up its prices by hundreds of thousands and thousands of dollars, and driven down revenues to nearly zero."


Former LIV Golf president and COO Atul Khosla told ESPN in October that the general public Funding Fund spent about $784 million bankrolling the circuit's first season in 2022, including worker salaries, construct-outs at tournaments and manufacturing costs for broadcasting LIV events on social media and its official web site.


Khosla, who resigned in December, mentioned that complete did not embrace guaranteed, multiyear contracts for players, which could be at the least one-third of that. In accordance to varied published studies, LIV paid as a lot as $200 million for six-time major champion Phil Mickelson, no less than $a hundred and fifty million for Dustin Johnson, greater than $125 million for Bryson DeChambeau and at the least $one hundred million for reigning Open Championship winner Cameron Smith. LIV Golf officials have declined to offer particulars of the gamers' contracts.


LIV Golf's attorneys wrote on Monday that the PGA Tour's alleged antitrust conduct has jeopardized the careers of some of its gamers, together with Matt Jones and Peter Uihlein, 多摩市 ゴルフレッスン who are plaintiffs in the federal antitrust lawsuit, together with DeChambeau. PGA Tour commissioner Jay Monahan suspended Jones, Uihlein and different members who played in LIV Golf tournaments with out conflicting-occasion releases.


"The prejudice to Plaintiffs Jones and Uihlein from delay is clear: they risk being unable to earn a residing of their chosen profession during the prime of their careers," LIV Golf's lawyers wrote. "Mr. Jones and Mr. Uihlein haven't any secure means to pursue their career in 2024. Some Player Plaintiffs aren't beneath contract with LIV past 2023, and are banned from the PGA Tour, the European Tour, and other tours all over the world. Participant Plaintiffs are denied taking part in opportunities they had earned and need decision on the enforceability of the Tour's Rules, suspensions, and conduct.


"And several different golfers in LIV and other skilled and collegiate golfers who're contemplating playing within the Asian Tour or on LIV are making choices about their future and need clarity from the Court docket. Plaintiffs need relief quickly and positively no later than the present January 2024 trial."


On Jan. 19, LIV Golf introduced that it had reached a multiyear U.S. broadcast tv and streaming agreement with the CW community to air its live tournaments over its network and streaming app.


The financial phrases of the deal weren't disclosed. Sources informed ESPN that it's a income-sharing association and that LIV Golf will not receive rights charges from the CW community and would continue to pay production costs, because it did throughout its inaugural season in 2022.


The second LIV Golf season is scheduled to tee off Feb. 24-26 at El Camaleon Golf Course in Mayakoba, Mexico. LIV Golf, which has 54-hole tournaments and 12 4-man groups competing in particular person and team competitions, will stage 14 tournaments this season.