Tiger Woods and Rory McIlroy get a significant boost ahead of the TGL season.
Tiger Woods and Rory McIlroy’s TMRW Sports is now worth $500 million following the latest investment round.
Tiger Woods and Rory McIlroy’s TMRW Sports has got a huge boost ahead of the new TGL season in 2025, with to the backing of investment firm Dynasty Equity Partners.
Woods and McIlroy co-founded TMRW Sports with sports media executive Mike McCarley.
TMRW Sports is the parent business of Woods and McIlroy’s TGL, a new technology-infused golf league that will launch in early 2025.
TGL was scheduled to begin play earlier this season, but was forced to take a year off because the stadium roof collapsed.
TGL will include a lot of the world’s greatest PGA Tour players, although runaway World No.1 Scottie Scheffler and European Ryder Cup hero Viktor Hovland have declined to participate.
Scheffler broke what many considered a ‘unbreakable’ mark established by Woods in 2000 over the weekend.
According to the most recent report, TMRW Sports has acquired significant funding from Dynasty Equity Partners, an investment business co-founded by K. Don Cornwell and Jonathan Nelson.
According to Bloomberg, Dynasty and Connect Ventures led the funding round, which now values TMRW Sports at $500 million.
“The funding injection will propel expansion into new formats, leagues, territories, and media properties,” Connect Ventures’ head of consumer investments, Michael Blank, told Bloomberg.
According to TMRW co-founder McCarley, TMRW Sports is also in discussions with other regulatory organizations.
Other people with inside information have verified that “a push into women’s golf is one of the options being evaluated.”
Woods and Mcllroy are both taking a break from competition to prepare for The Open at Royal Troon, Scotland, from July 18-21.
McIlroy, 35, was scheduled to play in last week’s Travelers Championship, the PGA Tour’s final signature event of the season, but he decided to withdraw after an agonising near-miss at the US Open, where he missed two short putts on the final holes to hand the title to LIV Golf’s Bryson DeChambeau.
The Northern Irishman will next play in the Genesis Scottish Open, which takes place a week before the Open.
Tiger Woods has a new look at the USPGA.
Tiger Woods has a new look at the USPGA.
Woods, 48, is unlikely to play again until The Open.
The 15-time major champion has only been able to compete in four tournaments this season.
He withdrew during the second round of the Genesis Invitational, then finished dead last (60th) among those who made the cut at The Masters.
Woods then missed consecutive cuts at the US PGA and US Open.
Following his last MC in the season’s third major, Woods said he may have played his final US Open.
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