The greatest of all time, Tiger Woods has different ventures outside of his golf course. The marketing genius of the golfer has helped to become the only billionaire golfer thanks to his endeavors.
The TGL founder has investments from various sports firms, Fenway Sports Group being one. The firm partly owned by LeBron James is now reported to investing in the PGA Tour.
Tiger Woods, Rory McIlroy and LeBron James Collaboration
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In 2022, Tiger Woods, alongside Rory McIlroy, announced a high-tech golf league called TGL. The league has partnered with the PGA Tour and will host six different teams consisting of three players from the tour. The league will commence in January 2024 and will be played in a custom-built arena.
Since the announcement, TGL has gained investments from LAGC (Los Angeles Golf Club), AMB Sports Entertainment (Atlanta), Cohen Private Ventures (New York), and Fenway Sports Group (Boston). Fenway is partly owned by the talented NBA superstar, LeBron James.
James had acquired the shares of the same in 2021. It has been reported by NUCLR Golf that Fenway Sports Group, Endeavor Group Holdings Inc., and many others 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 sports. His recent venture with Justin Timberlake has been the talk of the town.
🚨#NEW: Endeavor Group Holdings Inc. and Fenway Sports Group are among several U.S based investors who are looking to invest in the PGA TOUR as an alternative to PIF, per @business. Some of the investors could also partner with the PIF. Bloomberg has reported that the TOUR has… pic.twitter.com/cc9Oyvco0v
— NUCLR GOLF (@NUCLRGOLF) September 28, 2023
The investments will shape the future of golf and build a new path. The PGA Tour and LIV Golf merger and investments will make advancement and benefit the players immensely.
Woods’s loyalty to the PGA Tour
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Woods has been on the golf circuit for a long time. Debuting in 1996, he has been part of the PGA Tour for the last 27 years. He stayed loyal even when some of the most famous faces in golf signed with the LIV Golf. The breakaway league reportedly offered Woods a nearly billion-dollar deal. The golfer never commented publicly on any such deals, but he has shown great disagreement with the LIV Golf.
Tiger is notoriously famous for breaking up with his girlfriends. But he will not ever break up with the PGA Tour because it has given him everything he has. He has shown no signs of betrayal to either the tour or his supportive fans.
Talking about players who left the PGA Tour, Tiger at the Open Championship had said, “As far as…the players who have chosen to go to LIV and to play there, I disagree with it, I think that what they’ve done is they’ve turned their back on what has allowed them to get to this position.”
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His unnerving stance is a measure of his loyalty to the tour. But Woods was shocked when the news surfaced about the PGA Tour, DP World Tour, and LIV Golf merger. The players and fans were all dumbfounded. Only time will tell how the merger will shape out.
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