Tiger Woods and Rory McIlroy, two of golf’s most prominent figures, have teamed up to create an innovative new golf league, TGL, which is already valued at around $500 million. This information comes from Front Office Sports, which reported on X about the league’s impressive valuation ahead of its scheduled launch in 2025.
TGL, backed by the PGA Tour, promises to revolutionize the game of golf with a tech-enhanced format aimed at increasing viewership and revenue. The league will consist of six teams, each comprising three PGA Tour players. These teams will compete in matches on Monday and Tuesday nights at a specially designed “short-game complex,” providing a unique and exciting take on traditional golf.
ESPN’s partnership with TGL and TMRW Sports is set to play a crucial role in the league’s hard launch, potentially attracting a broad and enthusiastic audience. The involvement of such a major sports network underscores the league’s potential impact on the golfing world.
Among the league’s notable investors are Woods and McIlroy themselves, as well as influential figures like Atlanta Falcons owner Arthur Blank and New York Mets owner Steven Cohen. The significant $500 million valuation was confirmed following a Series A funding round that took place on Monday. Woods and McIlroy have leveraged their extensive experience and connections within the sport to build this promising venture into a half-a-billion-dollar enterprise, even before hosting a single event.