Boosted by the PGA Tour, Tiger Woods’ Upcoming League and Its Players Pose a Huge Backlash For LIV Golf
Earlier this month, the PGA Tour sent shockwaves through the golf community by declaring its decision to merge with the rival LIV Golf. Mere hours after the announcement, however, another surprising revelation involving Tiger Woods and Rory McIlroy took over the golf world.
After waiting for months, golf fans finally got a glimpse at the first team in the TGL, a new golfing league launched by two PGA Tour pros. To make things even better, the brand-new franchise, Los Angeles Golf Club (LAGC), will be owned by tennis legend Serena Williams along with her sister and husband!
With many more teams set to follow suit, new details about the league and its structure continue to come to light. Let’s dive in to learn more about what sets the TGL apart from the controversial LIV Golf!
Tiger Woods and Rory McIlroy’s upcoming TGL league starkly contrasts the Saudi-backed LIV Golf
Last year, golfers Tiger Woods and Rory McIlroy, along with sports executive Mike McCarley, launched their new company called TMRW Sports. TGL, the first initiative under the venture, has already gained significant attention from golf fans. After all, from Serena Williams to Lewis Hamilton to Justin Timberlake, the league boasts a long list of big-name investors.
In April, Sportico offered further insight into the equity structure of the TGL. Per their report, four different groups will have ownership of the league. TMRW will have the maximum equity stake at 54%. Meanwhile, the PGA Tour will hold another 18%, and six team owners will boast a combined 18% control. The players will hold the remaining 10%
The ownership structure is great news for the likes of Jon Rahm, Justin Thomas, and Matt Fitzpatrick, all of whom have committed to participate in the league. The TGL’s composition greatly contrasts that of the Saudi-funded LIV Golf.
