LIV Golf is arguably one of the wealthiest leagues in recent times. But there is another lesser-known aspect of LIV golf leagues, which is often overlooked by many. It is the financial dynamics of the team. In other golf leagues, players receive salary caps, but in LIV Golf, the league itself covers players’ salaries, which might seem like a win. However, as the 2-year-long captain emphasized, it’s not all profit.
In a recent interview, Bubba Watson recently shared some behind-the-scenes details about the financial side of the golf league, giving us a peek into a less-talked-about aspect. The 12-time PGA Tour winner said that despite the league covering player salaries, there’s a catch: getting in “debt.”
The RangeGoats captain explained his debt remarks further and said, “So even though the league is paying the salaries, they’re just, I’m getting debt, right? I have to pay my salary, the player salary, my GM, my workers, we’re paying hotel and travel for the guys, caddies, social media team, you know, all those things, there’s a debt being occurred, right.”
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The LIV golfer hinted at the fact that he might be getting into debt because he has to pay his team, and this is how the business is run. The 45-year-old also used a hypothetical scenario to explain the matter in a better way. He said that if a team is being sold for supposedly $1 million and the team has a debt of $300,000, the debt is the first thing to go away, “just like any business would do, right, when you have debt.”
Watson said that these financial intricacies are often overlooked, and running a team isn’t just about the game; it’s about managing it like a business. As the LIV skipper talked about the unknown side of the business, he also revealed the primary reason behind the backway league’s dual trade that he was a part of.
Bubba Watson reveals the underlying motive behind LIV Golf’s dual trade
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Watson’s RangeGoats GC traded Talor Gooch and Harold Varner III for Peter Uihlein and Matthew Wolff. The announcement shocked many as Gooch was one of the star players in the Saudi-funded league this year. However, Watson shared that the players are traded not because the captain doesn’t trust them, but because the main reason behind the trade is something that people don’t usually see.
The LIV’s skipper revealed that they have to make smart decisions about the team’s finances to keep things balanced. He shared that his decision to trade helped him in the “backend on the debt side” to maintain the checks and balances. The golfer ensured that, at the end of the day, they were also trying to run a business in the right way by following all the rules and regulations.
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As per the reports, Bubba Watson had signed a $50-million contract with the Norman-led league. What are your thoughts about the new revelation made by the golfer?
Watch this story: Teeing Up For a Change, LIV Golf Defector Shuts Down All Trolls With His Latest Move For a Worthy Cause