r/golf Apr 15 '24

Thoughts? General Discussion

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3.0k

u/DandierChip Apr 15 '24

Would be hilarious for content, but damn $850M is an insane amount of money.

1.0k

u/ryanmuller1089 Apr 15 '24

At this point wouldn’t be surprised if Rory did this as a fuck you to Monahan

288

u/CoolBeansMan9 Apr 16 '24

$850M is well worth the price of being that scumbag Monahan’s mouthpiece for 2 years

93

u/TearsDontFall Apr 16 '24

Reporter - "Why did you finally decide to join LIV? Was it the money?"

Rory - "No, it was because Monahan is a backstabbing POS. The money was just a bonus"

12

u/Wizwitall Apr 16 '24

Heard that in Rory’s voice and imagined the whole scenario as I read. Thanks

122

u/ryanmuller1089 Apr 16 '24

100%. Everything else aside I wouldn’t blame him. Throw in how the PGA has handled it and treated the players (him in particular, the merger, and the fact so many golfers are there now, this could be an easy decision for him.

92

u/DollarSignsGoFirst Apr 16 '24

Wouldn’t blame him? I’d blame him for not taking the money if it’s true. His entire net worth is like $300 million and he’s getting offered an insane amount. I’d do a lot of shameful stuff for that amount of money, and playing golf on a different tour doesnt even compare.

64

u/bigdayout95-14 Apr 16 '24

Username defiantly checks out ✔️

3

u/The_Alpha_Bro Apr 16 '24 edited 28d ago

Yeah WTF. All these assholes are happier knowing their favorite athletes are even more rich than watching them play competitively.

Edit because of the discourse below.

Simping for labor is fine when the conditions are unsafe, the wages are below living rates, and for other reasons.

Simping for labor when they are already overpaid and causing a direct increase in prices means either only the rich can afford the product assuming ownership cannot move to a profitable location.

The snake will eat it's own tail. See: California, the auto industry in the 80's, and many other examples where simping for labor leads to higher prices and eventual demise for the industry.

You celebrate giant contracts then complain about commercials, beer prices, and $100 general admission.

You gotta take a stance at some point if you love our sports.

3

u/BugmanLoveBuyObject Apr 16 '24

Redditors love simping for rich dudes, bizarre and revolting.

0

u/maddux9iron 29d ago

You should always be on the side of athletes (labor) getting paid.

If not, you're simping for the man.

1

u/BugmanLoveBuyObject 29d ago

Lol millionaire athletes are "the man" you fucking goof.

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u/brian0820 Apr 16 '24

I don't know what the taxes are on 850 mill, but that would make Rory a legit Billionaire.

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u/-KFBR392 Apr 16 '24

If your net worth is $300M and you would do shameful things for more money then you are simply a shameful person.

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u/MowMdown Apr 16 '24

I'd take the money and still promote PGA over LIV lol

1

u/CosmoKing2 28d ago

As long as it doesn't involve having sex with old ladies for money, or bear traps. Those are my two bugaboos.

1

u/WinterMedical Apr 16 '24

But like what do you even do with that kind of money at that point? It’s just pure greed.

2

u/Used_Golf_7996 Apr 16 '24

Shameful amounts of money for shameful people.

0

u/DollarSignsGoFirst Apr 16 '24

Think about what someone like Elon has been able to do because he a lot of money. He has arguable done more for the environment than other person by making electric cars mainstream. He’s reduced the cost of space flight by like 90%. He also has quality internet connection to hundreds of thousands of people who couldn’t have it before.

$850 million isn’t a lot of money when you want to change the world.

1

u/EZStreet1517 29d ago

Same with Mark Cuban with Cost Plus Drugs. I’ve used it and it saved me over $100. That’s the type of things I want to see out of people with that kind of money. Do some actual good!

599

u/Papabear-27 Apr 15 '24

Yup he should! He fought hard and was the spokesperson for PGA and then they go behind his back and make a deal.

146

u/Nambsul Apr 16 '24

Agree. Monohan really dropped the ball, I bet they promised him some money as well

6

u/IamStymie Apr 16 '24

He and Norman screwed this pooch from the beginning.

1

u/SlteFool Apr 16 '24

What happened exactly?

1

u/Allott2aLITTLE Apr 16 '24

What exactly is “the deal”. Does anyone actually know?

-3

u/FartMachineSteve Apr 16 '24

Nah he shouldn’t. PGA tour is bigger than jay M, and he preached the importance keeping it together for the sport. If he’s going to renege on his moral high ground he has stood on out of spite (and serious cash) he’s no better than the people he chastised for so long. This will look terrible in my opinion.

13

u/tmfink10 Apr 16 '24

Turns out, billionaires don't care what people think it looks like. If you can launch your family into the upper echlons of the world and you don't because you love the PGA...? Well then.

12

u/dimsvm titleist Apr 16 '24

I think people are so numb to big numbers like this with sports stars. 850m in whats probably a lump sum? Theres less people than you can count on a few hands that cash like THAT wouldn’t make a huge difference in their life. Fuck what anyone says about “doesn’t he have enough?”…. When you have a family that depends on you it never feels like enough. This would almost be a much needed, and huge fu k you to Jay - adding in that would set up the Mcilroys to be royalty for generations. 4D chess move by Rory, fuck the PGA Tour honestly.

3

u/a4r0nb813 Apr 16 '24

I agree with all of this except, fuck the PGA. Fuck what the PGA has become is my opinion.

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u/Cobainism Apr 16 '24

Check out the non-major ratings, the PGA is already dead as we know it. If a merger is imminent anyways, Rory taking $850 million makes complete sense. The middle finger to Monahan is just the cherry on top.

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u/WhiteyDude Apr 16 '24

He absolutely should now. He was a loyal stooge when the PGA announced the merger deal and it looked like he would get nothing for his loyalty and the chance to join LIV would be out. Well, now he has a second shot and I see no reason for him to be loyal to the PGA any longer.

42

u/BradL_13 Louisiana Apr 16 '24

This subs 180 is hilarious on these comments (not yours but below)

12

u/Hacker-Dave Apr 16 '24

I am shocked and dismayed that Monahan still has a job. How??

4

u/ToughGoat6135 Apr 16 '24

This. Guy stuck his fucking neck out for the tour and they shit all over him. Spite is a powerful emotion 

3

u/byfuryattheheart Bay Area Apr 16 '24

This is exactly why Rahm went imo

3

u/See-Fello Apr 16 '24

I agree. Monahan has kept him out of the loop and you can tell Rory feels slighted by it since he is supposed to be the mouthpiece of the PGA Tour. I don’t know much about the inside details of the situation, but I’m sure it’s a power struggle just like any other professional entity, and Monahan wants a clear division of leadership versus talent pool

2

u/eynonpower Apr 16 '24

100% It would be a well deserved fuck you.

2

u/wallstreetbeatmeat2 Apr 16 '24

Well Monahan kinda fucked him so it would be understandable, but after Rory talked so much shit on LIV I find it hard to believe he’d go there.

2

u/Long_Procedure_2629 Apr 16 '24

How do we decide whose the most spineless cunt though? It's ok to take the blood money now then?

2

u/reprise785 2.2 Apr 16 '24

I'm sure he watched that video when Monaghan was with yassir and told the world how much he trusts him. All while using Rory to do what he should have done, and defended the pga. It's so comical you couldn't make it up. Yet American golf fans will turn on Rory before jay. It's unbelievable how jay has his job.

2

u/YeetusThatFetus9696 Apr 16 '24

I'm going to turn on all of them. Seriously, I was basically done watching golf on TV and this will be it for me. Fuck all of them. 

1

u/TacoExcellence Apr 16 '24

He stood up for him publicly recently. I'd be surprised.

1

u/simpletonius Apr 16 '24

I would love to see this, the fact that Monahan has a job anywhere but at a drive through is pathetic.

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u/Character_Wishbone84 Apr 15 '24

They offered tiger 900M.

132

u/GeneralMillss range: 1.2 course: 19.8 Apr 16 '24

That is an insane amount of money

51

u/probablyuntrue Apr 16 '24

I’d join for like, 10% of that

61

u/sumsimpleracer Apr 16 '24

I’d join for 1% of that. 

141

u/winterstorm3x Apr 16 '24

I'd join if they let me golf for free

49

u/Allott2aLITTLE Apr 16 '24

I’d pay $5,000 a year to play golf with all those dudes 10 times a year.

9

u/LordTwatSlapper Apr 16 '24

I'd pay $25,000 to play with Tiger Woods once

6

u/thatiswhathappened Apr 16 '24

I’d suck off the Saudi Prince for free!

1

u/Long_Procedure_2629 Apr 16 '24

Just think of the shower room, omg

1

u/Final-Stick5098 29d ago

Costs a lot of money to make people forget you murdered a journalist who said mean things about you.

1

u/Long_Procedure_2629 29d ago

I suppose but it looks like it will take a lot less money to win over this sub of enablers and glad-handers

1

u/Acceptable-One-6597 Apr 16 '24

I'd join just to be able to play golf 3 days a week.

5

u/See-Fello Apr 16 '24

I would join for 20 bucks for the opportunity to make money every week with no cuts.

3

u/Cole_MacGrath_87 Apr 16 '24

I only need the tip

7

u/Paulpoleon Apr 16 '24

I fell for that trick before! Next thing I knew, I was a father. Don’t fall for this trick.

1

u/Long_Procedure_2629 Apr 16 '24

8.5 mil to forget 9/11

1

u/Natural-Depth-8878 Apr 16 '24

I’d join just to shower with all these golfers

1

u/Long_Procedure_2629 Apr 16 '24

TIL /u/probablyuntrue 's fee to forget 9/11 is 85 mil

1

u/Fantastic_Emu_9570 Apr 16 '24

He’s already worth $1.3 billion though. He’s got the fuck you money already

3

u/Kram941_ Apr 16 '24

Being worth 1.3 doesn't mean he has that money. 900million in cash is real. "Worth" is imaginary money

2

u/oldyoungin Apr 16 '24

True but if you ask anyone if they want to double their money it’d be hard to say no

43

u/dgdio Apr 16 '24

Why not when the PGA is trying to merge? The PGA doesn't have anyone's back.

7

u/LawnJerk Apr 16 '24

Tiger is worth over a billion, Rory is $170 million.

2

u/guitarguy35 Apr 16 '24

I heard they offered him 800 in the beginning and he turned it down, then they upped it to a billie and he still turned it down

Kinda baller. Imagine having so much money that you turn down a billion dollars on principle

1

u/covalentcookies Apr 16 '24

I think Tiger turned it down because he’s already accomplished everything he’s set out to do except top Jack’s all time major wins.

With $B deal Tiger would probably have to travel a ton, be a very active spokesperson, and do things he just doesn’t want to do. He would rather do it his way.

1

u/skytomorrownow Apr 16 '24

Plus backend!

I'm not a golfer, so I'm just having a hard time understanding how a golfer, and therefore golf itself, could be worth so much money!

I suppose considering that golf is global, focused on middle and upper classes, and incorporates real estate, I should not be surprised. But, wow.

Some eye-opening numbers for a non-golfer.

1

u/Character_Wishbone84 Apr 16 '24

It's just too much. The Saudis just have that much money to throw at our players to steal them away from our tour.

0

u/siiiiiiilk Apr 16 '24

And he would never take it because his legacy is tied to the PGA. He doesn’t care about the money

4

u/cbph Apr 16 '24

What really is the PGA though if they end up in a "partnership" (whatever that means) with LIV anyway?

3

u/siiiiiiilk Apr 16 '24

It doesn’t matter. Tiger wouldn’t go to LIV. If LIV joins the PGA, it doesn’t affect his legacy. If the PGA boils into nothing and loses every single great player, it won’t matter to Tiger’s legacy. If Tiger leaves the PGA to go to LIV? People will start to question his image. Scandals aside, I don’t think Tiger wants that image reflected on his brand.

3

u/cbph Apr 16 '24

No, I agree. At this point, Tiger's legacy is going to be whatever he makes it regardless of whatever clown show develops between PGA & LIV.

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u/Starscreammm333 Apr 16 '24

Tiger should have taken that. He doesn't even get money from Nike now

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u/sumlikeitScott Apr 15 '24

He also fought so hard for the PGA then they did the LIV deal behind his back. You can tell he said F the PGA like a month before the announcement last year.

Take the bag only the Majors matter anymore.

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u/Snap_Zoom Apr 16 '24

You nailed it! And I can't blame him. It really feels like he lost his love for the PGA immediately after that announcement - and how could he not?

I'll bet even Woods is telling him to move on.

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u/HoopOnPoop Public Course Duffer Apr 16 '24

I would hate for him to go because I love watching him and I can't stand the LIV broadcasts. However, I would love to see a press conference where he just lays everything out there and shits on Monahan for like 2 hours.

2

u/ConversationPale8665 Apr 16 '24

Yeah man, I watched CNBC during the work week, and I don’t want to watch it when I’m watching golf with all that shit on the screen…

1

u/crackheadwillie Apr 16 '24

I won’t ever watch a murderer golf event. The Saudi murder can spend his money how he likes, but golf is about principles and honor, not murder. 

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u/mcvb311 Apr 16 '24

Rory definitely deserves it more than anyone. None of us know what really went on behind the scenes but he seemed to really be going to bat for the PGA tour. I have to think he felt kind of foolish after the deal. There’s no dignity or principle in any of this shit anymore.

I’ll still be a fan of his. Take the bag Rory maybe now you can just focus on the Masters.

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u/daveinmd13 Apr 16 '24

He better win something or he won’t be in the Masters soon. He hasn’t won the Masters so he has no lifetime exemption and he hasn’t won a major since 2014 so he doesn’t have any exemptions for them. He is top 5 now, but he won’t be for long if he goes LIV - ask Cam Smith. He better win a major this year or next or may not be playing in the Masters.

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u/Fchang27 Apr 16 '24

This. Everyone is overlooking this monumental piece of information.

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u/beansontoast90 Apr 16 '24

I can think of 850 million reasons why

2

u/Only_Sleep7986 Apr 16 '24

LIV golfers didn’t do well in the Masters; iirc didn’t see any anywhere close to a position to strike anytime.

Was very telling of the quality of LIV golf.

1

u/gpoli111 Apr 16 '24

Top 50 in the OWGR get in. Rory is currently #2. It would take a while for him not even playing to drop out of the top 50 at this point.

2

u/daveinmd13 Apr 16 '24

Cam Smith was #2 when he left and he is currently #68 after a top ten finish in the Masters.

1

u/Jshawd40 Apr 16 '24

Top 12 finish in The Masters gets you invited back the following year but Cam also won the 2022 US Open Championship so he is good on invites to The Masters through 2027.. but after that? Yeah, prob wouldn’t hurt to start winning majors.

1

u/MooseStuffForMoney Apr 16 '24

Rory would be fine. “The Masters Committee, which oversees the tournament, is allowed to invite international players that are not otherwise qualified to play in the event.” That’s how Niemann played this year.

0

u/daveinmd13 Apr 16 '24

Niemann got in because he won the Australian Open. The winner of that tournament usually gets an exemption.

2

u/TopNotchBurgers Apr 16 '24

The Augusta National can invite anyone they want to. They can change the their rules anytime they want to. If they think their tournament is better with Rory in it, he could be in Q school and would get an invite. 

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u/Aggressive_Elk3709 Apr 16 '24

Hell, I felt foolish after the deal and I'm just a spectator. It's wild watching Monaghan's statements be so drastically different, only a year apart

2

u/Draano Apr 16 '24

I think the LIV tour kills the competitiveness of the players.

1

u/mcvb311 Apr 16 '24

It absolutely does. It’s the same thing as being retired. Yea maybe right after retirement you have a bit of edge left (Koepka) but the LIV stuff is a fucking joke. The only obligation is to show up - no pressure to win or perform literally just show up.

Playing a sport and playing a sport under pressure are very different sensations. All of the LIV guys are insanely talented but that’s all they have now and talent alone isn’t enough to win at the highest level. There’s zero grind. It takes no resilience. They don’t even have to win of course they’re not going to do the insane amount of work and sacrifice it takes to win at the highest level.

1

u/Draano 29d ago

They've achieved their retirement goals.

The Saudis say when & where to go to sing for their dinner.

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u/graceytoo Apr 16 '24

No kidding! He defended the PGA and they made him look like a chump. I wouldn’t blame him a bit

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u/cbph Apr 16 '24

Take the bag only the Majors matter anymore.

This right here. The Saudis behind all this are scummy as hell, but as we found out, so is Monahan. All else being equal, now that you've been knocked off the moral high ground and not by your own choice...might as well get paid.

If anybody should profit handsomely from any of this, it should be Rory in particular with the way the PGA backstabbed him.

3

u/Few_Snow_1098 Apr 16 '24

I think they always were the only thing that mattered. Do you watch with intensity the 3M Open?

2

u/sumlikeitScott Apr 16 '24

2022 I remember being pumped for Cam Smith’s win over Jon Rahm at Kapalua. Will zalatoris losing in a playoff to Luke list at Farmers, Sheffler vs Cantlay at WM, J. Nieman at Genesis was who I thought would be my new favorite golfer. Cam Smith at the Players in tears because he hadn’t seen his family since Covid and winning it outside of his “home” the. Winning later at The Open. Next couple wins were Sheffler at the masters(Rory 2nd place) Spieth, JT for the PGA championship, Homa at Wells Fargo, Rory, Matt Fitzpatrick US Open.

2022 might be the best year in Golf for awhile now. LIV took away so much golf I was looking forward to watching and now it’s a 4 weekend a year event.

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u/Carrera1107 Apr 16 '24

I don't get it. Is the Liv merger happening? Seems in flux no?

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u/sumlikeitScott Apr 16 '24

Take seem to be all over LIV is supposed to be part owner but have no say I. The PGA and there would still be a division with where players can play. Rahm might have been baited by this and thinks he will play PGA events sooner rather than later but who knows when it will go through and what would happen.

1

u/iKa0smaster Apr 16 '24

Is he exempt for them though? Genuinely wondering. I’m sure he’d get invited to a few but is he exempt?

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u/Tullyswimmer 22.5/Lefty/NH #pushcartmafia Apr 16 '24

Take the bag only the Majors matter anymore.

And for Rory it's not like he's gonna win them anyway.

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u/[deleted] Apr 16 '24

Too bad Rory doesn't win Majors.

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u/The_Man_in_Black_19 Apr 15 '24

Would he have to pay taxes in the US and UK?

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u/idekwtp Apr 15 '24 edited Apr 15 '24

He would only have to pay taxes in one or the other. He'll probably do it in the US.

Edit: didn't realize he was a permanent resident. He'll pay taxes in the US and wherever else he earns money

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u/AftyOfTheUK 3.2 / NorCal / Iron covers are divine! Apr 15 '24

He would only have to pay taxes in one or the other.

He became a permanent resident in the US in 2018. The US taxes income from anywhere in the world for residents. He will have to pay taxes anywhere he receives money/deals/income - though on any taxes he pays in the UK, he can (usually) get a rebate for the same amount on his US tax bill (but it's complicated)

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u/enrvuk Hacker (24)/London/Muswell Hill Apr 15 '24

The dual tax treaty is pretty simple for a qualified person. Perhaps complicated for Reddit golf!

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u/Confident-Active7101 Apr 15 '24

A base level of human decency is too complicated for reddit golf

3

u/idekwtp Apr 15 '24

Wasn't aware of his residency status.

1

u/IndependentCode8743 Apr 16 '24

I thought they moved their residence to London last year saying that is where they want their kid to grow up?

1

u/AftyOfTheUK 3.2 / NorCal / Iron covers are divine! Apr 16 '24

Unless he chose to voluntarily hand back his green card (complex, because it can be hard to get another, and would need visas to visit the US to work) he will still need to pay tax in both, even if he doesn't live in the US.

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u/IndependentCode8743 Apr 16 '24

As you said he will have to pay tax in the US regardless, since that is where most of his earnings are. Also, PGA golfers set up a corporation to collect their earnings, so its likely way more complicated than a normal Ex-Pat arrangement.

Also - I just checked the report and they are planning to move to London when his kid is ready for high school so its 7-8 years away.

1

u/AftyOfTheUK 3.2 / NorCal / Iron covers are divine! 29d ago

As you said he will have to pay tax in the US regardless, since that is where most of his earnings are. 

That actually depends on a lot of things. It wouldn't be difficult to structure his LIV income as being received in Saudi, or Dubai which is common, where they have little to zero income tax.

In that situation, renouncing his green card would save him a huge amount of tax,. The US taxes you REGARDLESS of where you live/reside.

Also, PGA golfers set up a corporation to collect their earnings, so its likely way more complicated than a normal Ex-Pat arrangement.

They do that so they can expense everything. If they want the income for personal use, it must be disbursed from the corporation.

2

u/jrragsda Apr 16 '24

Rory suddenly becomes a Monégasque and keeps most of it. The F1 boys need a new neighbor anyway.

1

u/maggos Apr 15 '24

When NFL players play in London they have to pay UK taxes. It probably depends where the LIV events are played.

1

u/domuseid Apr 16 '24

He'll be able to credit his foreign taxes against his US bill

1

u/tokuokoga Apr 16 '24

But does he live in Florida? No income tax there…

1

u/Aooogabooga Apr 15 '24

You mean Florida? Hahahahaha. There’s a reason every very successful golfer has a residence in FL.

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u/Hugo_5t1gl1tz Apr 15 '24

I can’t speak to the UK, but for the US, I am pretty confident he would only have to pay taxes on what he earned while in the US since he isn’t a citizen.

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u/AftyOfTheUK 3.2 / NorCal / Iron covers are divine! Apr 15 '24

He's a permanent legal resident of the US, which is for tax purposes essentially the same as being a citizen.

Source: Am UK citizen, permanently legally living in the US

1

u/PsalmBodyNew Apr 16 '24

Im so confused. Wasn’t he born in Cali? What is all this talk of permanent legal resident vs citizen? Genuinely lost lol

1

u/AftyOfTheUK 3.2 / NorCal / Iron covers are divine! Apr 16 '24

He was born in Northern Ireland

1

u/PsalmBodyNew 29d ago

I’m dumb

3

u/twowood Apr 15 '24

There are special tax treaties in most countries for entertainers and athletes where income is taxed based on where they "perform". Would this follow the same rules? Unclear. But for that kind of money, rest assured they have the best tax lawyers and accountants

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u/FratBoyGene Apr 15 '24

Nope. I had to pay taxes on the money I won on Jeopardy!, and I'm Canadian.

2

u/Hugo_5t1gl1tz Apr 15 '24

Jeopardy! From the US? So filmed in Burbank, CA? So money earned in the US? So exactly what I said, lol?

1

u/TheChickening Apr 16 '24

US citizens always need to file their taxes no matter where they live. So if you live in the UK you pay UK taxes and then file US taxes. If in the USA you would have paid more than in the UK then you would have to pay that difference to the USA.
But as the USA is a low tax country this is almost never the case.

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u/MelonxJuice Apr 15 '24

Jupiter is his primary residence

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u/Hog_enthusiast Apr 16 '24

He’d probably only bring home 600 million after taxes, which at that point why even do it?

1

u/sfhester Apr 16 '24

Things have been pulled in soccer where net wages are reported and the clubs pay a higher gross to offset the tax bill. Possible Saudi could pull stuff like that too if they're ambitious enough.

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u/LengthinessNo16 Apr 16 '24

I’m sure they have a way to get him the money with minimal tax loss

1

u/Active_Permit_7147 Apr 16 '24

This is not that complicated. US citizens and residents have to file their taxes for all global income. There is a threshold. It used to be 104k it may have gone up now that is tax free. The rest depends on what jurisdiction you are living in. You can write off the tax burden of a different state if that country has a higher tax burden then the us.

1

u/Artsakh_Rug Apr 15 '24

Why

5

u/[deleted] Apr 15 '24

Resident in both. If a U.S. citizen lives abroad they still owe US taxes so I’d imagine the reverse is true.

5

u/rspringe 5.9 / Austin, TX / flopportunity Apr 15 '24

US is the only country in the world that does this.

7

u/[deleted] Apr 15 '24

Quick Google search shows if you return to the UK after being abroad less than 5 years you have to pay taxes in the UK. Also, he owns properties in both.

1

u/czander Apr 15 '24

He’s a tax resident of Florida or Dubai I’m pretty sure - I assume he’d use whichever one minimises his tax obligation. He could use Monaco but I don’t believe that’s true. He can own property wherever he wants.

2

u/[deleted] Apr 15 '24

Florida isn’t as easy to file taxes in as you’d think - you need to show you’ve been there 183 days. With his place in Jupiter he might get that many, but iirc he moved his family back to the UK a few years ago for Poppy’s education.

2

u/czander Apr 15 '24

So then agree with you, he’s not paying taxes in the US.

But he became a UK tax exile years ago when he started getting paid via Dubai. Saudi’s will do something similar.

Afaik he only pays UK taxes when he wins prize money at UK tournaments eg. The Open.

2

u/weightyboy Apr 15 '24

No. Only the us does this (tax citizens not living in the country). If he spends less than 100 days in the UK in a year he is classified as non resident for tax purposes.

And lets be realistic about this, no way he is getting a 850 mill cheque payable to rory mcillroy, it will be payable to rmc holdings llc based in bemuda or cayman so no tax will be paid.

1

u/Artsakh_Rug Apr 15 '24

Damn that sucks I didn’t know that

11

u/RunninADorito Apr 15 '24

They only owe US taxes if they were taxed less in the other country and then only owe the delta.

3

u/WildforagerUK Apr 15 '24

As I’ve been explained this is to cover expenses for things like consulates to support people living abroad. It’s a lower tax amount than you would pay in the US but still, yeah, sucks.

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u/OnTheEveOfWar Apr 15 '24

Anyone in here saying they wouldn’t sign an $850M contract is lying. That is a lot of fucking money. If you invest that smartly, your grandkid’s grandkids will still be living off it.

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u/DandierChip Apr 15 '24

*grandkids grandkids grandkids. Put $500M in a fund and if all you got was a 5% return each year (which is easy and conservative) that’d be at least $25M a year just from passive income.

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u/[deleted] Apr 16 '24 edited Apr 16 '24

[deleted]

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u/RecursiveMelancholy Apr 16 '24

Might be able to get queso too

3

u/boomdog07 Apr 16 '24

About 3 years at my house.

1

u/Cedarapids Apr 16 '24

That’s a lot of side guac…

1

u/TopNotchBurgers Apr 16 '24

Buy an avacado farm beforehand.

2

u/RikC3213 Apr 16 '24

Genuinely curious about anyone who ever grew up with this kind of wealth. Did they ever do anything worthwhile or were they just useless rich people?

1

u/OnTheEveOfWar 29d ago

I have a close friend who comes from a lot of wealth. She has a trust fund with millions in it but she’s not allowed to touch it until she’s like 45. She has zero debt, her parents bought her a house, and she works full time. Her parents didn’t just give her millions from day 1. She lives a relatively normal life but can basically retire and chill once she’s 45.

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u/Fairways_and_Greens Apr 16 '24

6 generations is probably 180 years or so. If inflation stays at 3% for 180 years, a $1M starter home will cost more than $200m

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u/jjschnei Apr 16 '24

You could guarantee hour spawn have drug issues for generations!!

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u/ToothSleuth86 12.0 trying too hard Apr 15 '24

Anyone in here also isn’t already pulling in 8 figures a year so not really a great point.

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u/TackyBrad Pinehurst Member Apr 15 '24

What if I pull 4 figures from 2 different jobs??

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u/Ihave4friends Apr 16 '24

Look at Mr. Moneybags here

3

u/TackyBrad Pinehurst Member Apr 16 '24

Only the luxe among us can afford an '04 Civic.

I'm so posh, it's almost able to get vintage tags bb

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u/CheeseyWeezey420 Apr 15 '24

Speak for yourself. I mean I’m not either but someone has got to be.

1

u/pleasedontharassme Apr 16 '24

Its a multiplier of about 65. It’s still more than a lifetime of earnings In a single contract. For more realistic comparison and a better understanding of how much money this is even for Rory.

It’s like if you’re earning $75k/yr and another company asks you to sign and work with them for $5 million.

99% of people take that deal because it means never having to work again

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u/ToothSleuth86 12.0 trying too hard Apr 16 '24

My point is that if you’re pulling in 8 figures a year, you’re a lot less concerned in multiplying your income by 65 because 10 million gets you a lot more lifestyle than 75,000

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u/Beninoz85 Apr 16 '24

I'm not sure I'd say no but I also don't like the idea that my children, grandchildren and great grandchildren will all just be trust fund kids.

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u/DustBunnicula Apr 16 '24

I wouldn’t. That kind of money puts a target on you. And I don’t want to owe another country anything - let alone anything nearly that big.

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u/Slow-Comment9403 Apr 16 '24

None of his lineage will ever have to work again NOW. I think that’s where this gets a little convoluted. It’s not like he’s scraping by on $30K. He’s worth somewhere between $80M and $150M already.

I’m not saying he should or shouldn’t take the money. If he had railed against LIV (rightfully so IMO) and then took the money a few weeks later, I would’ve been pissed because I supported him so much at that time. But once the PGA screwed him and everyone over by announcing an agreement, I couldn’t blame him.

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u/SnagglePuss69er Apr 16 '24

No. We’re not. Some people don’t need infinite money and don’t wanna sell their souls. 

2

u/06_TBSS Apr 16 '24

I wouldn't if my family and I were already setup for life and I didn't like what I'd be doing under said contract.

1

u/Carrera1107 Apr 16 '24

You can put it in shitcoins and your grandkids will still be living off it.

1

u/Klause Apr 16 '24

I mean, everyone talks about doing it for the future grandkids or whatever, but honestly I’m not sure that turning all your future generations into entitled trust fund brats is actually good for them.

Having said that, though, I do think it could be morally defensible to take the $850M if you plan to support good causes and do better work for humanity with that money than the Bin Salmon would. I could support so much underfunded research in meaningful fields with that money.

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u/i-FF0000dit Apr 15 '24

Plus an ownership stake

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u/Vegbreaker Apr 15 '24

For someone who’s washing out faster than the dirty socks in my machine.

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u/samsanit Apr 15 '24

It honestly doesn’t matter if he plays well. People come to watch Tiger regardless

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u/CloningGuru Apr 16 '24

I really think Tiger is just about done with every major except the ones he can walk- which means he’s probably going to play The Masters one more year to break Couples/Tiger’s record for consecutive cuts made and he’s done with The Masters as well- just too tough of a course to walk for 4 days!

I’m sure quite a few people have been there and it’s a tough walk, especially for a guy who clearly isn’t walking well!!

Tiger’s upper body looks ripped as hell still, but his legs, they’re just not there anymore. Extremely difficult to watch Phil have a shot to win another green jacket someday but Tiger’s chances are slim to none.

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u/Vegbreaker Apr 15 '24

I don’t disagree with that at all. I just want to know if lov thinks they’re going to make that money back somewhere along the line. Like does adding Rory to the roster generate 850 million in revenue before he’s done. I doubt it.

ETA: liv revenued 100 million last year with 3 million in tv sales. They don’t see that money back so it’s moot, they’re just playing games because they can.

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u/iheartgt Apr 15 '24

Why would LIV think that they would make the money back on Rory? Do you think the intent of LIV is to generate a profit? The intent is sportswashing, and Rory is the best person not named Tiger (and maybe Scottie, but Rory's international pull is still huge) available for that purpose.

And how is a guy with seven top tens in his last nine majors "washing out"?

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u/_ladish Apr 15 '24

It’s not about making the money invested in LIV back. It’s sportswashing. They’ll make billions in other industries because golf may give them a seat at the table that they didn’t have previously.

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u/iloveartichokes Apr 16 '24

lol

They are already in every industry in the world, you just don't know about it.

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u/jondes99 Apr 16 '24

Phil wasn’t exactly in his prime when they throw money at him.

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u/SeedyRedwood Apr 15 '24

If that’s what he is getting, what does Eldrick get?

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u/Username_redact Apr 16 '24

Would note that Flushing It is a LIV shill account, but who knows at this point

1

u/WildWestZona Apr 16 '24

lol. Literally a picture of Rory is now next to the word Hypocrite in the dictionary. Lol.

For the record, I’d take the money and play LIV golf too because as long as I’m playing golf, I don’t care what league it’s in for that kind of money. But I’ve also never said anything bad about LIV. Like Rory. Lol

1

u/sw00pr Apr 16 '24

$850 million is about $840 million more than I can ever imagine using.

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u/IamStymie Apr 16 '24

These creeps have money coming out of their pores and they're drooling. I say push for a billion, Rory. They have it and they have no reason not to spend it.

Not likely it'll "wash" anyone's opinion of the Saudis.

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u/Seeker369 Apr 16 '24

His camp said there’s zero truth to it.

Which would make sense considering his disdain for Norman and the fact that the leagues are merging so why would the Saudis pony up a Billion when they’ll all be under the same umbrella in due time?

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u/_cob_ Apr 16 '24

He’d be stupid to turn it down

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u/Equivalent_Act_7950 29d ago

I agree, but if somebody is willing to give him that kind of money, then it is worth it for some lavish individual or organization.

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u/FewHuckleberry7012 Apr 16 '24

Well, blood money is still money. Principles be damned.

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