TGL Golf Announces Ownership Team Led by Marc Lasry and Steph Curry
Andre Iguodala, No. 9; Stephen Curry, No. 30; and Klay Thompson, No. 11, of the Golden State Warriors high-five each other during the game against the Boston Celtics at Oakland Arena in Oakland, California, on March 8, 2017.
Noah Graham | National Basketball Association | Getty Images
Some of San Francisco’s biggest sports stars are the new owners of a team with TGL Golf, the indoor golf league founded by Tiger Woods and Rory McIlroy.
Steph Curry, Klay Thompson and Andre Iguodala have joined an initiative led by Avenue Capital Group Chairman and CEO Marc Lasry to purchase the San Francisco TGL team.
“Our ownership group is pleased to become stewards of TGL San Francisco and represent Northern California, which is the center of technological innovation and a perfect location for a TGL team in this extraordinary new sports league,” Lasry said in a statement.
Lasry, a former co-owner of the National Basketball Association championship team the Milwaukee Bucks, recently launched the Avenue Sports Fund as part of Avenue Capital Group, which manages $12.5 billion in assets.
The investment in TGL San Francisco represents the Fund’s first major investment.
Tiger Woods and Rory McIlroy watch from the 11th tee during a practice round before the 2023 Masters Tournament at Augusta National Golf Club in Augusta, Georgia, April 3, 2023.
Christian Petersen | Getty Images
Lasry’s team is the fifth of six teams to be announced as part of the Startup Indoor Golf League, which begins Jan. 9 in Palm Beach, Florida.
The league has attracted other major investors and team owners, including Atlanta Falcons owner Arthur Blank, Boston Red Sox owners John Henry and Tom Werner, entrepreneur Alexis Ohanian, tennis phenoms Serena and Venus Williams, and owner and New York Mets hedge fund manager Steve Cohen.
The TGL Golf League describes itself as a technology-driven league that plans to utilize a data-rich virtual golf course coupled with tech-infused enchantments.
“By combining the business expertise of Avenue Capital Group with the championship mentality of these NBA superstars, this TGL team will generate great energy in the Bay Area and around the world. We are honored to welcome them to TGL,” said Mike McCarley, co-founder of TMRW Sports, the group behind the TGL league.
Earlier this month, TGL announced a multi-year media rights deal with ESPN.
Already 24 PGA Tour stars, accounting with a combined 223 PGA Tour victories, have committed to the TGL’s inaugural season in January.
The league is divided into teams of four players who compete in a match play format over 15 regular season games, followed by semifinals and finals.
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