Carolinas PGA Section’s Post

As LIV Golf make another big signing, we want to revisit some work we did toward the end of their first season (https://lnkd.in/eambNZfk) Whilst opinion was clearly polarised at that time, according to our research, we now wonder if this has changed. New big name signings like Jon Rahm and now Tyrell Hatton from the PGA TOUR clearly gain attention. How has your opinion on LIV changed with time? A key part of this work looked at whether businesses should considering sponsoring LIV Golf members. It is work like this that Gather Collective members value as we help them navigate the golf business landscape. Our subscribers gain access to digests of these work to help them stay up to date with developments in our industry. #golfindustry #golfbusiness #golfmarketing

“If you only take in the media of the moment, you will lose touch with the truth.” This is especially true in golf, where the media has been used as a political weapon for maintaining monopolistic control (Howard Milstein’s empire), rather than a journalistic endeavor, historically. This very brief article helps to explain the truth behind the resignation of Jimmy Dunne as well as the reduction of Rory McIlroy’s influence. Here are the key takeaways: 1. The Raine Group has been leading the dialogue, for several years now, well before LIV Golf disrupted the status quo. 2. Raine Group representative Neville has established positive working relationships with all parties, including Rory, Tiger, SSG, and PIF, over many years. 3. This weeks news cycle is new evidence that Neville’s guidance has been well received by Tiger & the PGA Tour Players (representing New World Order), and poorly received by Jimmy Dunne and Rory (representing the monopoly; status quo). Some additional flavor: Apollo and Sony’s bid to buy Paramount was recently disrupted by the addition of SkyDance & Redbird Capital into the mix, and is the truly disruptive event behind the scenes. (Paramount owns CBS, Apollo owns Clubcorp, as just a couple of key accounts within the golf ecosystem.) Lets #growthegame Together With gratitude always

Just like in business, golf 🏌️♂️ teaches the importance of focus, precision, and continuous improvement. Each swing is a chance to adjust, learn, and get closer to our goals. 🎯 Thankfully, our team is way better at managing properties than swinging a club! 😂 #GolfLife #BusinessInsights #ContinuousImprovement

2nd year competing. 2nd year getting 2nd place, in flight 2. That's quite a mouthful... This past weekend, Mark Borlin and I competed in the Silver Lake CC Member Guest and came up short. It was a hard-fought weekend where every match mattered. It turns out only a few putts were the difference between us winning our flight and going on into the championship march. In sports and in life, the details matter. Small decisions add up and end up making huge impacts. It might not feel important but pay attention to the small choices you make. Each one affects the direction you're going and where you'll be 20 years from now. #growth #competition #accountingandfinance

$389,000,000 Always nice to start a post with a big number! $389,000,000 represents the size of the total prize funds available on the PGA Tour for the 37 events that make up the 2023/24 season, excluding the season-ending Tour Championship. The PGA Tour's event structure has undergone subtle tweaks for this season, with eight events now designated as signature events with total prize funds of $20 million on the line. The Player's Championship commands the biggest purse of $25 million, $4 million ahead of the highest-paying major championship, the U.S. Open. So, where are the majors left in the financial war that has raged ever since LIV Golf came on the scene? Is the PGA Tour's desire to compete with LIV financially sustainable? What impact does the need for ever-greater riches have on title sponsors? Our latest article looks at all these relationships. Click the link below to read further. ⬇️ #golfindustry #golfbusinessreview #pgatour https://lnkd.in/e7ziKscP

PGA of America Survey Questions to PGA Members Do you think it was right for the PGA of America to move Headquarters from Palm Beach Gardens, Florida to Frisco, Texas? Yes or No Do you think the PGA of America needs an office in NYC? Yes or No Do you think the PGA of America should give dismissed PGA President Ted Bishop his privileges back as a former President? Yes or No Would your life change one bit if the PGA of America Headquarters no longer existed? Yes or No Would you be for giving $300,000,000 plus annual revenues to Sections and let them meet for a week every winter in Palm Beach Gardens to allocate the money? Yes or No Does it change your life one bit if the PGA of America doubles their revenue next year? Yes or No Does it change your life one bit if the PGA of America triples their revenue next year? Yes or No Would you mind if we shut down career services (giving the millions saved to Sections) and let Sections handle all employment responsibilities and give all PGA Members access to each individual Section's job boards? Yes or No How many on the PGA of America board and others should represent the PGA of America at the Ryder Cup and have all expenses paid 1, 2, 3, ..........100 circle your answer. Do you think it's unethical for PGA Execusearch represents clubs and PGA Members? Yes or No Do you think it's unethical for PGA Execusearch to recommend 1 PGA Member over another PGA Member for an open position? Yes or No Would you rather PGA of America give millions it spends on amateur only tournaments and give that money to Sections for their Pro Ams? Yes or No Would you be for the PGA of America to divorce itself from clubs that terminate PGA Members without cause? Yes or No

PGA of America “It was incredibly important for us to create opportunities for the players of today and in the future to be more invested in their organization, both financially and strategically. This not only further strengthens the Tour from a business perspective, but it also encourages the players to be fully invested in continuing to deliver–and further enhance–the best in golf to our fans,” the group said in a statement. Tiger Woods on PGA Tour switching to For-profit model. PGA of America ●●●●Switching to a for-profit model presents the PGA of America with a prime opportunity to follow in the footsteps of the PGA Tour and align the organization's interests with the sentiments expressed by Tiger Woods. By adopting this approach, the PGA of America can create a platform for PGA Members to become more financially and strategically invested in the organization, mirroring the intentions outlined in Woods' statement. This shift not only fortifies the business foundation of the PGA of America but also fosters an environment where PGA Members are encouraged to fully commit themselves to delivering and enhancing the best in golf for the enjoyment of new and present golfers. Furthermore, a for-profit model can empower PGA Members with a direct stake in the financial success and strategic direction of the organization. This alignment of interests can drive greater motivation, commitment, and engagement among PGA Members, ultimately fueling their dedication to elevating the sport and delivering exceptional experiences for new golfers and present golfers. Additionally, the financial incentives tied to a for-profit structure can inspire PGA Members to actively contribute to the long-term success and sustainability of the PGA of America, thereby fostering a culture of shared responsibility and collective achievement. By embracing a for-profit model, the PGA of America can create a symbiotic relationship between the organization, PGA Members, and the overall golfing community. This alignment of interests can further strengthen the organization from both a business and sporting perspective, driving growth, innovation, and a renewed sense of purpose. Ultimately, this transition can position the PGA of America to realize its full potential as a leader in the golfing world, harnessing the collective dedication and passion of PGA Members to deliver unparalleled value to new golfers, present golfers and stakeholders alike.●●●●

In honor of National Golf Month and our 30th Anniversary at Capital Planning, here is a #ThrowbackThursday to one of our office golf tournaments from a few years back! ⛳️ In both golf and financial planning, a mix of preparation, practice, and a good plan can lead to success—and a little humor helps you enjoy the game, no matter how it turns out! #CapitalPlanning #Fore

Fred Funk Sounds Alarm: PGA Tour's Future at Stake Amid LIV Tour Onslaught In a candid interview with Joe Tilley, PGA Tour veteran Fred Funk expresses concerns about the current state of professional golf, particularly in the wake of the LIV Tour's emergence. Funk highlights the financial challenges faced by the PGA Tour in competing with the substantial sums offered by the new tour, emphasizing the transformative impact on player priorities. He underscores the tour's struggle for leverage and the potential ramifications, citing sponsors like Wells Fargo withdrawing due to contractual disputes. Funk raises apprehensions about the sustainability of the current model, emphasizing the need for a balanced feeder system to nurture emerging talents and ensure the sport's longevity. The interview concludes with Funk expressing worries about the Champions Tour's vulnerability to losing sponsors to more financially enticing options. Overall, Funk's insights provide a glimpse into the complex landscape and critical decisions facing the professional golfing community. https://lnkd.in/g_B9VcJs #golf #pgatour #livgolf #progolfer #interview #fredfunk #joetilly #golfing #sport #business #financials #sponsors #challenges #changes #future #sustainability #golfdiscussion #golfcommunity #insightful #greatcanadiansportsshow

Did you know that corporate golf memberships continue to be a powerful tool for executives and business development professionals in 2024? Does your company pay for corporate golf membership? which other cooporate membership are better and more cheaper?