Hedge funder owner Steve Cohen is the new owner of the New York team in Tiger Woods and Rory McIlroy’s golf startup league TGL.
TGL will begin play in January of 2024 in Palm Beach, Florida.has bought the founding rights to the New York team in Tiger Woods and Rory McIlroy's upstart golf league TGL,Cohen's team will be managed by his family office Cohen Private Ventures. It will begin competition in TGL's inaugural season next year.
"As golf continues to grow in popularity, there's a demand for enhanced access to the sport and the world's top players. ... We're excited to be a part of TGL and build a team that makes New York proud," Cohen said in a statement.Sign up for NBC Philadelphia newsletters.TGL is a new primetime, high-tech golf league that will tee off in January 2024. The league has attracted mega-star power.
TGL will operate in partnership with the the PGA Tour , and players will be able to participate in both leagues. TGL says the event timing will be complementary to the players' PGA Tour schedules. The launch of TGL comes as professional golf is at a major crossroads. The PGA Tour and fledgling rival LIV Golf agreed to merge in June, but have yet to sign a final agreement and still face scrutiny from Congress. A Senate hearing is expected on the matter next week.
The new league will operate with six teams of three PGA Tour players in head-to-head match play in a venue being built on the campus of Palm Beach State College in Florida.
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