Tiger Woods and Rory McIlroy welcome Mets proprietor Steve Cohen to TGL, as billionaire follows Serena Williams and purchases league’s fourth staff

New York Mets proprietor Steve Cohen has bought the fourth staff in TGL, a golf league backed by Tiger Woods and Rory McIlroy that’s set to launch in January.

Cohen’s staff will function within the New York market, becoming a member of franchises in Los Angeles, Boston and Atlanta. Cohen Personal Ventures, Cohen’s household workplace, will handle this staff, which doesn’t but have a reputation.

TMRW Sports activities, a agency created by Woods, McIlroy and media government Mike McCarley, shaped TGL.

‘We’re excited to accomplice with TMRW Sports activities and signify New York as a founding TGL staff,’ Cohen stated in a press release Thursday. ‘As golf continues to develop in recognition, there is a demand for enhanced entry to the game and the world’s prime gamers. 

‘TGL’s primetime schedule will supply an up-close, fast-paced, and modern tackle the game that can enchantment to conventional golf and new followers alike. We’re excited to be part of TGL and construct a staff that makes New York proud.’

Mets proprietor Steve Cohen has bought a New-York based mostly golf staff set to compete in TGL

The league is backed by Tiger Woods and Rory McIlroy, seen at Augusta Nationwide in April

Andrew B. Cohen, who has no relation to Steve Cohen, will probably be a minority investor for the New York-based staff.

‘It is an modern idea that mixes expertise, knowledge and a aggressive staff format in primetime on Mondays,’ stated Andrew B. Cohen, the co-founder of Cohen Personal Ventures. ‘Given the best way golf is performed now, each in simulators and on the course, I believe it is going to mix all these components.’

Monetary specifics of the deal weren’t launched.

All six groups in TGL will maintain a 3 p.c stake within the league whereas additionally partaking in league-wide income sharing, in response to a report from Sportico.

TGL is a digital league, with every staff that includes three PGA Tour gamers. These squads will compete head-to-head in 18-hole match play. The common season will encompass 15 two-hour matches earlier than the semifinals, and a remaining is held to wrap up the marketing campaign.

Serena Williams, Alexis Ohanian (each above) and Venus Williams personal the league’s LA staff

All matches will probably be performed at a facility at the moment being constructed on Palm Seashore State Faculty’s campus in Florida. 

The Los Angeles staff is owned by Alexis Ohanian and Venus and Serena Williams, Fenway Sports activities Group owns the Boston squad, and AMB Sports activities & Leisure, run by Arthur Clean, will oversee Atlanta’s franchise.

‘We clearly wish to be in the proper media markets, and in the proper areas the place fanbases will have the ability to lean into supporting their staff and a few pure rivalries that exist amongst followers in different sports activities,’ McCarley stated. 

‘That factors you to a few of these main markets. So it was an element, however not the one issue. The standard of the possession group can be essential as nicely.’