Rory McIlroy gets eye-watering business valuation days after snubbing £1.3m payday

Rory McIlroy and Tiger Woods have recently unveiled their latest venture: the TGL indoor golf league. With an estimated value of around £395 million ($500 million), this tech-savvy league has captured the attention of the golfing world and beyond. The league, backed by the PGA Tour, is set to debut in January with ESPN slated to broadcast the competitions weekly.

The TGL will feature six teams, each comprising three PGA Tour players, competing on Monday and Tuesday nights. This innovative concept has already received positive feedback and is expected to thrive. As a testament to its potential, TMRW Sports, the start-up behind the league, has been valued at £395 million, even though the competition’s inaugural event is still six months away.

The venture has garnered substantial financial support, not just from McIlroy and Woods but also from notable figures like New York Mets owner Steven Cohen and Atlanta Falcons owner Arthur Blank. If the league performs as expected, its valuation could rise significantly, affirming the decision of McIlroy and Woods to embark on this ambitious business journey.

For McIlroy, this promising development comes at a fortuitous time. The Northern Irish golfer recently announced he would not be participating in the Rocket Mortgage Classic, opting for a short break despite the £1.3 million grand prize on offer. This decision follows his disappointing finish at the US Open, where he lost a two-shot lead to Bryson DeChambeau in the final stages. McIlroy’s struggles in the closing holes, marked by three bogeys and crucial missed putts, allowed DeChambeau to clinch the title in a dramatic fashion.

With the TGL’s strong valuation and the anticipation surrounding its launch, McIlroy and Woods are poised for a potentially game-changing success in the world of golf.