Tiger Woods and Rory McIlroy get financial backing as new company reaches huge valuation
Tiger Woods and Rory McIlroy’s TMRW Sports company has attracted fresh investment from two hedge funds ahead of the 2025 launch of the TGL golf league
Tiger The Woods and Rory McIlroy’s TMRW Sports business is worth $500 million.
TMRW Sports, founded by golfers Tiger Woods and Rory McIlroy, has raised its valuation to $500m (£394m).
This success stems from their pioneering golf league, TGL, which will launch next year and is backed by investment from venture capital funds Dynasty Equity Partners and Connect Ventures. TGL promises an exciting technology-infused sports experience and will broadcast live on ESPN in early 2025.
Ready to challenge the traditional norms of golf, it fills its lineup with four-man teams made up of the best players on the PGA Tour. stars regulation? Technology filled indoor arena with huge simulator and dynamic contours.
Although originally planned to launch in January, last year’s unexpected weather conditions, which caused structural damage, caused construction to be halted. The original plans for Florida’s Palm Beach Gardens have been reevaluated and were once intended to accommodate seating inside an inflatable dome.
However, this delay only increased investor interest without having a negative impact on the value of the company. Notably, Dynasty and Connect’s recent financial backing secured TMRW Sports a $500 million deal – a month before TGL’s debut.
Investors praised the attractive concept of TGL, which broadcasts sports in prime time after the NFL regular season. Michael Blank, who oversees consumer investment in Connect repeat funding, would focus on “expansion into new formats, connections, territories and media properties.
TMRW Sports CEO Mike McCarley revealed that expansion plans are underway, including a women’s competition at TGL, according to the report. Commenting on this position, he said that his company is “talking to other boards”.
On the same issue K. Don Cornwell, minority stake in Liverpool FC, shed light on their ambitions: “Our aim has always been to work with world-class management teams that have huge fan followings. TMRW takes intellectual property and applies it in a way that not only excites existing fans, but also brings new fans under the tent And because accessibility and bringing diversity to the sport is one of our priorities, there is no shortage of high-profile supporters backing TMRW Sports, even before the latest cash connections like Steve Cohen, Fenway Sports Group and Alexis Ohanian to music and sports celebrities like Steph Curry, Shohei Ohtani, Justin Timberlake, Niall Horan and Justin Beiber.
The stars aligned with golf icons Woods and McIllroy both making the TGL’s inaugural season elite roster. Divided into six teams representing Atlanta, Boston, New York, Los Angeles, the Bay Area and Jupiter, Florida, you’ll find top players Justin Thomas, Jordan Spieth and Rickie Fowler among them..
