Steve Cohen invests in Tiger Woods Rory McIlroy golfing startup TGL


New York Mets proprietor Steve Cohen speaks to the media sooner than a sport in opposition to the Milwaukee Brewers at Citi Box on June 28, 2023 in New York Town. The Brewers defeated the Mets 5-2.

Jim Mcisaac | Getty Pictures

Financier and Mets proprietor Steve Cohen has purchased the founding rights to the New York crew in Tiger Woods and Rory McIlroy’s upstart golfing league TGL, the group introduced on Thursday.

Cohen’s crew shall be controlled through his circle of relatives place of job Cohen Personal Ventures. It’ll start pageant in TGL’s inaugural season subsequent yr.

“As golfing continues to develop in recognition, there is a call for for enhanced get right of entry to to the game and the arena’s best gamers. … We are excited to be part of TGL and construct a crew that makes New York proud,” Cohen stated in a observation.

Monetary phrases of the deal weren’t disclosed.

TGL is a brand new primetime, high-tech golfing league that may tee off in January 2024. The league has attracted mega-star energy. Most sensible gamers who’ve dedicated to take part come with Woods, McIlroy, Jon Rahm, Justin Thomas, Collin Morikawa, Matt Fitzpatrick, Justin Rose, Adam Scott, Xander Schauffele, Max Homa, Rickie Fowler, and Billy Horschel.

TGL will function in partnership with the the PGA Excursion (the excursion is an investor in it), and gamers will have the ability to take part in each leagues. TGL says the development timing shall be complementary to the gamers’ PGA Excursion schedules.

The release of TGL comes as skilled golfing is at a big crossroads. The PGA Excursion and fledgling rival LIV Golfing agreed to merge in June, however haven’t begun to signal a last settlement and nonetheless face scrutiny from Congress. A Senate listening to is anticipated at the subject subsequent week.

Mike McCarley, leader government officer of TMRW Sports activities, left, and Rory McIlroy of Northern Eire smile as they talk concerning the TGL golfing league thought right through a press convention previous to the TOUR Championship, the 3rd and ultimate match of the FedExCup Playoffs, at East Lake Golfing Membership on August 24, 2022 in Atlanta, Georgia.

Keyur Khamar | PGA Excursion | Getty Pictures

The brand new league will function with six groups of 3 PGA Excursion gamers in head-to-head fit play in a venue being constructed at the campus of Palm Seashore State Faculty in Florida.

Whilst Cohen will personal the rights to the New York crew, all occasions will happen in Florida. Then again, the league plans to faucet into golfing and sports activities audiences within the New York marketplace with occasions, neighborhood outreach, and using era to construct fan bases. 

A media deal for the league has no longer but been introduced, however a supply informed CNBC that one is anticipated to be finalized quickly.

Cohen’s possession workforce is the fourth for TGL. Different possession teams come with Falcons proprietor Arthur Clean, Fenway Sports activities Workforce, tech founder Alexis Ohanian and tennis stars Serena and Venus Williams. Different buyers within the league come with basketball nice Stephen Curry, race automobile motive force Lewis Hamilton, ladies’s football participant Alex Morgan, professional soccer’s Tony Romo and Josh Allen, and singer Justin Timberlake

“The addition of New York as a TGL crew no longer simplest continues the luck of including main markets to TGL, but in addition provides an possession workforce with sturdy ties to different main league groups and fanbases. Steve Cohen’s talent and willingness to function, advertise, and marketplace this crew to New York fanatics is an important step as we construct against the release of TGL in January,” stated Mike McCarley co-founder of TMRW Sports activities, the corporate working TGL.

Cohen is the chairman of asset control company Level 72. The lifelong baseball fan bought the MLB’s New York Mets in 2020 and serves as chairman and CEO of the crew.

The Mets have struggled this season regardless of coming into the yr with the league’s best possible payroll. They take a seat in second-to-last position in Nationwide League East.



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