Everybody in this episode is playing with other people's money. Jason Sanjana and Kevin Eckhardt warm up with the Emmys (02:05), then get to LIV Golf (04:56), the Saudi Public Investment Fund's $5 billion swing at the PGA Tour, now in a New Jersey bankruptcy in front of friend of the pod Judge Michael Kaplan. TV money was about 5% of revenue, against as much as 67% at the PGA Tour. BC Partners is anchoring a $300 million plan to relaunch the league with the players as owners, and the real prize may be $5 billion in net operating losses (13:44). What neither host can figure out is why any golfer would take this deal (16:14).
Then it's Rich Dad Poor Dad (22:47). Robert Kiyosaki loves telling people he's $1.2 billion in debt, so Vanity Fair sent a reporter to his Arizona home to find out how the get rich guy got there. His actual share turns out to be a fraction of that. The better story is who paid for his first business, a Velcro wallet company (27:20). Hint, it wasn't the rich dad.
This week's unofficial sponsor is other people's money (32:54). Starting a rival golf league nobody asked for? Use a sovereign wealth fund's. Looking to spice up your marriage? Use other people's spouses. Which brings us to Culture Corner (34:17) and The Invite, with Olivia Wilde and Seth Rogen as a couple running on fumes who invite the loud upstairs neighbors, Penélope Cruz and Edward Norton, down for dinner. Kevin finds a plot hole the size of Jupiter (36:00) and producer Tanya weighs in on the moment Hawk turns out to be a Howard (40:52).
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