Tiger Woods and Rory McIlroy’s Joint Venture Gets Huge Cash Infusion Before TGL Starts

With all that’s going on in the world of men’s professional golf in 2024, it’s easy to forget that there will be another big player in 2025.

The TGL, a league founded by Tiger Woods, Rory McIlroy, and sports media executive Mike McCarley, begins play from a customized arena in South Florida starting in January.

This week, it was announced that TMRW Sports, which is the parent company behind TGL, got a big cash infusion to bring the company’s valuation to approximately $500 million.

TMRW Sports, the parent company of the @TGL, is valued at $500M after a new investment, per @GillianTan: https://t.co/PfTQVB38gv

— Josh Carpenter (@JoshACarpenter) June 24, 2024

Bloomberg reports that the money came from Dynasty and Connect Ventures, and the money will help grow the league once it gets off the ground, including a rumored push into women’s golf.

Michael Blank, head of consumer investments at Connect Ventures, told Bloomberg:

“The capital injection will fuel expansion into new formats, leagues, territories, and media properties.”

The TGL is a made-for-TV golf series that will take place partly on simulators and partly on live greens from the indoor SoFi Center that will feature several technological innovations, including a rotating 41-yard-wide turntable that will alter green conditions for each hole.

Tiger Woods and Rory McIlroy are bringing something new to golf.

Their new league, TGL, has broken ground on its new arena.

TGL will feature the world’s top golfers, mic’d up, in front a live crowd on Monday nights.

“It’s going to be nothing like golf has offered before” pic.twitter.com/FuCTaCfF98

— Front Office Sports (@FOS) February 26, 2023

The team format includes captains like Woods, McIlroy, Justin Thomas, and Tommy Fleetwood. The league is affiliated with the PGA Tour, so no LIV Golf stars will participate.

The league was set to begin this past winter, but the venue in Palm Beach Gardens, Florida, partially collapsed during construction last fall, bringing on the one-year delay.

Cover Image via Golfweek