{"id":564676,"date":"2026-03-27T16:25:14","date_gmt":"2026-03-27T16:25:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/564676\/"},"modified":"2026-03-27T16:25:14","modified_gmt":"2026-03-27T16:25:14","slug":"tgl-golf-club-valuations-jump-as-womens-teams-sell-for-20-million","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/564676\/","title":{"rendered":"TGL Golf Club Valuations Jump as Women’s Teams Sell for $20 Million"},"content":{"rendered":"

\n\tAlexis Ohanian<\/a> was in the middle of celebrating his golf team\u2019s TGL<\/a> championship Tuesday night when he broke a piece of news: Earlier that day, he said, he\u2019d purchased the second franchise in TGL\u2019s upcoming women\u2019s league.<\/p>\n

\n\tIt\u2019s the latest in a slew of M&A in the upstart golf league, which just finished its second men\u2019s season. In the past few months, according to people familiar with the details, multiple men\u2019s teams have sold minority stakes for more than $90 million, including at least one at $100 million. Some of the circuit\u2019s seven teams finished this season with cash flow north of $1 million, the sources said, due in large part to sponsorship deals and comparatively small overhead.<\/p>\n

\n\t\u201cAll it takes is a couple of generational talents on a big enough stage to change the entire perception of the sport,\u201d Ohanian, owner of the TGL\u2019s Los Angeles Golf Club, said. \u201cGolf is one of those sports that is so on the precipice. You can see it online. You can see the creator economy telling the story of this sport. This format of TGL is so perfect for the online generation. Again, I say this as a Reddit guy. Take my word for it. It is perfectly built for the social media age.\u201d<\/p>\n

\n\tOhanian joins Arthur Blank<\/a>, another TGL owner, as the first two investors in the WTGL. Both are paying about $20 million for their women\u2019s team, according to two of the sources. A rep for TGL declined to comment on the financials.<\/p>\n<\/p>\n

\n\tThe men\u2019s league formally launched in January 2025\u2014one year later than originally planned<\/a>\u2014as the first project for TMRW Sports, a venture co-founded by Tiger Woods, Rory McIlroy<\/a> and Mike McCarley. TMRW sold its first six TGL franchises for a rough average of about $35 million. Last year the group announced its first expansion franchise in Detroit. That investment group, which includes Detroit Lions owner Sheila Ford Hamp and Denver Broncos owner Rob Walton, bought in for a little more than $70 million<\/a>, Sportico previously reported.<\/p>\n

\n\tTeams have continued to court investors, either by raising new rounds or selling LP stakes. In October, Ilitch Sports + Entertainment bought into Ohanian\u2019s Los Angeles Golf Club at a number that SBJ reported<\/a> as \u201cclose to $90 million.\u201d A few months earlier, Blank\u2019s Atlanta Drive GC sold an LP stake that valued the club at about $100 million, sources said.<\/p>\n

\n\tThose close to the TGL say franchise economics have benefited from the league\u2019s single-venue model. It took MLS teams roughly two decades to hit the $100 million mark, and NWSL teams about a decade, and very few of those teams are profitable even today. That\u2019s due in part to venue costs for stadiums and practice facilities, and rising player costs.<\/p>\n

\n\tIn TGL, teams don\u2019t have venue or practice facility costs\u2014all matches are held in a single location, a tech-laden venue that TGL built on the campus of Palm Beach State College in Florida. Teams are comprised of just a handful of golfers and their compensation is partially handled by the league itself.<\/p>\n

\n\tThat allows clubs to operate with limited overhead, especially when compared to other startup leagues. That\u2019s especially true for teams like Blank\u2019s Atlanta Drive GC and Fenway Sports Group\u2019s Boston Common GC, which can tap into the sales infrastructure of the other pro teams in their owners\u2019 portfolios. (The other side of that equation is that teams don\u2019t own all of the league; there\u2019s equity set aside for TMRW, the PGA Tour and the players themselves.)<\/p>\n

\n\tSponsorships are the biggest piece of revenue for teams right now. While much of the on-site hospitality is handled by the league, teams do have fan sections that they can monetize for their own matches. There is revenue-sharing around the league, including from media deals and corporate deals like the title sponsorship with SoFi, and some clubs are hosting local watch parties or other events that add to the bottom line. For more information on the group\u2019s pre-launch revenue projections and equity structure, Sportico wrote about the initial plans<\/a> in April 2023.<\/p>\n

\n\tThe WTGL is planning to launch later this year. While the existing men\u2019s franchise owners don\u2019t have contractual right of first refusal on those teams, it\u2019s telling that the first two have sold to existing TGL owners. Adding a women\u2019s team gives those groups an opportunity to expand their brand, and it gives them more inventory (in days of competition and number of golfers) to sell to sponsors.<\/p>\n

\n\tMoving forward, in addition to WTGL, the group is looking to expand its men\u2019s league. That will likely start with an eighth franchise, but the league could grow further shortly after. There\u2019s been consistent interest from groups in Toronto, sources said, with other domestic and international groups also in the mix.<\/p>\n","protected":false},"excerpt":{"rendered":"Alexis Ohanian was in the middle of celebrating his golf team\u2019s TGL championship Tuesday night when he broke…\n","protected":false},"author":2,"featured_media":564677,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[443],"tags":[99154,167297,49,48,622,1976,82,131665,112391],"class_list":["post-564676","post","type-post","status-publish","format-standard","has-post-thumbnail","category-golf","tag-alexis-ohanian","tag-arthur-blank","tag-ca","tag-canada","tag-golf","tag-rory-mcilroy","tag-sports","tag-steve-cohen","tag-tgl"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564676","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=564676"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/564676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/564677"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=564676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=564676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=564676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}