A couple weeks ago, the annual list of the Forbes world’s richest athletes was unveiled. We saw the usual suspects, along with some new names.
- Kevin Durant – $89.1 million
9. Roger Federer – $95.1 million
8. Stephen Curry – $100.4 million
7. Phil Mickelson – $106 million
6. Dustin Johnson – $107 million
5. Canelo Alvarez – $110 million
4. LeBron James – $119.5 million
3. Kylian Mbappe – $120 million
2. Lionel Messi – $130 million
1. Cristiano Ronaldo – $136 million
On my show “The Pundit’s Pundit”, all four of us panelists(Jacob Christner, Denzel Snipes, Scott Morganroth, and George Eichorn…8:00 PMThursdays on South Florida Tribune and Sideline Sports) talk about the business of sports regularly…both the rising salaries of the players in the leagues, and their rising investment portfolios.
I have even authored past columns on the subject.
This is not that column. This column has to do with three of those ten on the list.
Phil Mickelson, Dustin Johnson, and Cristiano Ronaldo have one thing in common. Saudi Arabia. Ronaldo was always around the top of the list(third time at the top), but Mickelson was 35th the year before, and Dustin Johnson wasn’t even in the top 50. They moved up because of their switch from the PGA Tour to LIV.
For the few uninitiated, the story of LIV is an interesting one. If you are addicted to legacy media, you already hate them for the many reasons you were told to hate them.
LIV Golf is an “upstart” golf league with the money to immediately give the much older PGA tour nightmares. They have no-cut system, which means guaranteed money.
They also have a more team oriented format, allow music during the round to attract a younger demographic, and besides the guaranteed money from tournaments, guaranteed contracts in the hundreds of millions of dollars make it hard to stay with the traditional PGA format.
Saudi Arabia’s seemingly unlimited stash of money comes from their PIF, or Public Investment Fund, which has nearly $700 billion in assets.
The PIF was established in 1971 by royal decree with the stated intent to provide financial support for projects of strategic significance for the national economy. Since the current Crown Prince Mohammad Bin Salman’s goal is to phase out of oil(the plan is to be 50/50 oil and clean energy by 2030), the projects of strategic significance in the country are sports, mainly golf, soccer, and soon to be tennis and MMA.
Now you would think this would give Saudi Arabia bonus points in the media world. You can’t turn your head without seeing a story about alternative energies, EVs, and getting away from oil.
This is not true though, and it shouldn’t be.
Saudi Arabia has some of the worst human rights violations in the world. Women only started driving since 2018, and going out without a male companion since 2019.
Saudi Arabia has always been this way.
The killing of journalist Jamal Khashoggi in 2018 shouldn’t have been shocking because we should be wondering just how many journalists have been killed in the country over the years.
But the infantile press made this a story because Donald Trump was the President, and only because of that.
He was friendly with the Saudis, mostly because of his past, present, and future business interests in the country. Because of that, Saudi’s a new kind of evil or something.
Because of this evil, anyone that jumped to LIV, or any other Saudi league, lost millions of dollars in present and future endorsements. Those dollars are made up by the PIF, and enough for early retirement, but because of the world press choosing WHEN to hate human rights violations, these athletes reputations are shot for good.
By and large, there is nothing wrong with going after human rights violators. The problem becomes the timing, the reasoning behind it, and the fact that when one makes everything into activism, one forgets to put two and two together.
During that Forbes article, they had to bring up that only one woman (Serena Williams) made the list, and the next one closest (Coco Gauff) was $20 million off the list.
This is where they blame America. This is not America. Women’s sports have never been stronger in America. They have never made more money. This will keep building up over time. 92,000 people just filled a stadium for a woman’s volleyball game. Caitlin Clark is taking women’s college basketball by storm. Their time is coming.
Answer this folks. Do you think you will see multiple women on a richest athletes list if a human rights abuser in the Middle East is handing out the cash?
Maybe they do change their mind one more time and women start making that money.
But it’s simple math and common sense folks, and we’re not using it at all.