Tiger Woods is the greatest player of all time and he has many different careers outside of the golf course. Thanks to his efforts, the golfer’s marketing genius helped him become the only billionaire golfer.
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The TGL founder has investments in several sports companies, Fenway Sports Group being one of them. The company, which is part-owned by LeBron James, is now reportedly investing in the PGA Tour.
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In 2022, Tiger Woods and Rory McIlroy announced the establishment of a high-tech golf league called TGL. The league, in partnership with the PGA Tour, will host six different teams, including three players from the PGA Tour. The league will start in January 2024 and will be played in a custom-built stadium.
Since its announcement, TGL has received investment from LAGC (Los Angeles Golf Club), AMB Sports Entertainment (Atlanta), Cohen Private Ventures (New York) and Fenway Sports Group (Boston).
Fenway is partially owned by talented NBA superstar LeBron James.47.8k reader last 30 minutes
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James acquired a stake in the company in 2021. According to NUCLR Golf, Fenway Sports Group, Endeavor Group Holdings and a number of other companies are expected to invest in the PGA Tour as an alternative to the Public Investment Fund.
This is not the first time Tiger has collaborated across borders. His recent collaboration with Justin Timberlake has the town buzzing.
🚨#new: Endeavor Group Holdings Inc. and Fenway Sports Group are among several U.S. investors looking to invest in the PGA Tour as an alternative to the PIF. @Business. Some investors may also partner with PIFs. Bloomberg reports that the tour has… pic.twitter.com/cc9Oyvco0v
— NUCLR GOLF (@NUCLRGOLF) September 28, 2023
These investments will shape the future of golf and blaze a new path. The merger and investment of the PGA Tour and LIV Golf will bring advancements and significant benefits to players.
Millionaire Stephen Curry shares fandom with Michael Jordan and Barack Obama, inducts business partner Rory McIlroy into Team USA at Ryder Cup
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Woods has been on the golf course for a long time. He made his professional debut in 1996 and has been a member of the PGA Tour for the past 27 years. Even as some of the most famous faces in golf signed with LIV Golf, he remained loyal. The breakaway league reportedly offered Woods a nearly billion-dollar contract. The golfer has never commented publicly on any such deal, but he has shown deep disagreement with LIV Golf.
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Tiger is notorious for breaking up with his girlfriends. But he will never break up with the PGA Tour because it has given him everything he has. He showed no signs of betraying the tour or the fans who supported him.
Speaking about players leaving the PGA Tour, Tiger said at the Open: “As for … those players who choose to go to LIV and play there, I don’t agree with that, I think what they’re doing is they’re turning their backs on everything that got them to this position.”
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His unsettling gesture reflected his loyalty to the Tour. But when news surfaced of the merger of the PGA Tour, DP World Tour and LIV Golf, Woods was shocked. The players and fans were all dumbfounded. Only time will tell how the merger will play out.
Watch this story | Tiger Woods lays low, puts best friend Justin Thomas in trouble while Charlie Woods draws PGA ahead of Ryder Cup Tour idol attention
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