Tiger Woods’ TMRW Sports Valued at $500M Before Hosting Its First Event

TMRW Sports, backed by Tiger Woods, has secured $500 million in new capital. Bloomberg reported that Dynasty Equity Partners and Connect Ventures lead the round.

“Our goal has always been to partner with world-class management teams in sports with a large following,” K. Don Cornwell, co-founder of Dynasty Equity Partners, stated. “TMRW is taking intellectual property and using it in such a way that it will not only excite existing fans, but also bring new ones under the tent. And, given accessibility and diversity in sport are among our values, it’s an excellent fit.”

Michael Blank, Connect Ventures’ head of consumer investments, stated that the funds raised would be utilized for “expansion into new formats, leagues, territories, and media properties.” There is also a chance of expanding into women’s golf.

TMRW is the parent firm of the technologically advanced TGL golf competition. The company’s debut competition has been postponed until 2025 owing to damage to the Florida arena. Face2Face Africa had indicated that the delay was due to substantial repairs and scheduling difficulties for television broadcasts and players.

The six-team league, which was supposed to premiere on ESPN on January 9 and end before the Masters in April, suffered an unexpected setback when a power outage left it without a place to play. According to the New York Post, ownership and player rosters had already been revealed, so the sudden shift caused a substantial disruption in the league’s plans.

The TMRW Sports concept features team matches in a 250,000-square-foot arena at Palm Beach State College. The novel design incorporates shots onto a substantially larger screen than a normal simulator at longer distances, while shoots from 50 yards or closer are directed to a high-tech green complex that revolves on a turntable, giving a variety of shot scenarios.

 

 

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