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People I (Mostly) Admire

99. Greg Norman Takes On the P.G.A. Tour

Feb 18, 2023
48:10

Podcast summary created with Snipd AI

Quick takeaways

  • Greg Norman's Live Golf league aims to challenge the PGA Tour's monopoly, boosting prize money and benefiting players.
  • Live Golf's franchise model, team format, and global focus are expected to drive profitability and generate long-term value in the golf industry.

Deep dives

Live Golf: Challenging the Monopoly

Greg Norman discusses Live Golf's role as a new competition in the golf industry. He compares it to previous instances where players broke away from established organizations to gain independent rights. Live Golf's injection of capital has stimulated the PGA Tour, boosting prize money and benefiting players. Norman addresses criticisms of Live Golf's funding from the Saudi Arabian Sovereign Wealth Fund, highlighting the fund's investments in various industries. He asserts that Live Golf's franchise model, team format, and global focus will drive profitability. The PGA Tour's monopoly and resistance to change are seen as hindering innovation and opportunity.

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