TGL New York Golf Club welcomes Eli Manning, Derek Jeter, and Jimmy Fallon as new investors.
- On Thursday, Cohen Private Ventures, the family office of Steve Cohen, revealed that Eli Manning, Derek Jeter, CC Sabathia, and Jimmy Fallon have joined the investor group of the New York Golf Club.
- The new high-tech golf league, TGL, was launched by Tiger Woods, Rory McIlroy, and former Golf Channel executive Mike McCarley.
- In Palm Beach, Florida, a newly designed facility will host Tour players divided into six teams, competing in two-hour, head-to-head matches as part of TGL.
The TGL golf league, featuring Tiger Woods and Rory McIlroy, is gaining new star power in New York City.
On Thursday, Cohen Private Ventures, the family office of Steve Cohen, announced that Eli Manning, Derek Jeter, CC Sabathia, Michael Strahan, John McEnroe, and Jimmy Fallon have joined the New York Golf Club's investor group as limited partners. This is the latest round of big names to join the golf upstart that kicks off on January 7, coinciding with the start of the 2025 FedEx Cup season.
Terms of the deal were not disclosed.
Last September, Cohen, who also owns Major League Baseball's New York Mets, acquired the rights to the New York Golf team. The team will be represented in its inaugural season by Rickie Fowler, Xander Schauffele, Matt Fitzpatrick, and Cameron Young.
Cohen stated to CNBC that New York has the best fans in the world, and they have assembled a team that will make New Yorkers proud. They believe their unique approach to golf will attract both traditional and new fans.
Manning, a former New York Giants Super Bowl-winning quarterback, knows firsthand the excitement New Yorkers have for sports.
Golf has seen a lot of exciting trends with participation growing both on and off the course, according to Manning's statement to CNBC.
The new high-tech golf league, TGL, was launched by Woods, McIlroy, and former Golf Channel executive Mike McCarley. The league will run in partnership with the PGA Tour, which is an investor, and will complement the Tour schedule. ESPN secured the broadcast rights to the league last October.
In Palm Beach, Florida, a newly designed facility will host Tour players divided into six teams, competing in two-hour, head-to-head matches as part of TGL.
The dome built for the league collapsed after a power outage, causing the league's launch to be delayed from 2024.
TGL, a subsidiary of TMRW Sports, has attracted significant investment from notable figures such as Stephen Curry, Shaquille O'Neal, Kevin Durant, Shohei Ohtani, Mike Trout, Josh Allen, Serena Williams, and Lewis Hamilton.
Jeter, a former New York Yankees star, was attracted to the investment opportunity because it blends his passion for golf with his love for New York.
Jeter expressed excitement about the addition of NYGC to New York's sports history.
Business News
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