Tiger Woods now has his own TGL team. Here’s what we know

The sixth and ultimate TGL franchise, in the end, is right here. It might be referred to as Jupiter Links Golf Club, and might be owned partially by Tiger Woods, who would be the main participant on the crew as nicely. 

The crew title was formally introduced Tuesday within the newest of what has change into an announcement spree for the mixed-reality league, nevertheless it was made clear in trademark filings as early as October 25. What was newly introduced Tuesday was that Woods just isn’t alone within the possession group.

Jupiter Links GC might be owned by TGR Ventures, Woods’ mum or dad firm, in addition to David Blitzer, a managing associate of Harris Blitzer Sports and Entertainment, which owns the Philadelphia 76ers and New Jersey Devils, amongst different professional sports activities groups. Blitzer’s funding is a private one, fairly than an funding made by the Harris Blitzer firm, although lots of his sports activities ownerships happen alongside Josh Harris, his co-chairman.

The two have been a part of the group that just lately bought the Washington Commanders for simply north of $6 billion. Considering Blitzer’s half possession of the Cleveland Guardians, he’s among the many few individuals who can declare an possession stake in groups from the NFL, the NBA, the NHL and the MLB, and is a associate with Crystal Palace Football Club from the Premier League. 

As has change into clear from six TGL crew bulletins and 6 possession teams — from Arthur Blank in Atlanta to Steve Cohen in New York to Marc Lasry within the Bay Area — figures that own franchises in main American sports activities are pleased to purchase in to the TGL, which begins two months from now on Jan. 9. But there stays a lot to be discovered about these investments.

We don’t know what they’re value, nor do we know what beforehand non-existent franchises are being valued at. In Blitzer’s case, it could be truthful to anticipate that Tiger Woods’ affiliation makes the Jupiter crew’s worth larger than every other within the league. 

As for his curiosity within the TGL entity, fairly than the quotes shared in a press launch, a way more charismatic Blitzer took half in a 30-minute roundtable simply final month on the Invest in Sports seminar hosted by Sportico. The roundtable’s title: Building a Growing Portfolio. 

Though these seminars usually commerce in veiled language, because the managers of billion-dollar offers are eager to by no means misstep on a money-making endeavor, Blitzer did volunteer some intriguing ideas because it got here to a detailed. 

“We tend to spend — not all our time — but most of our time in these discussions talking about the big, major sports leagues, okay?” Blitzer stated. “I simply wish to make the purpose that I began earlier … there’s much more than baseball, basketball, soccer, hockey and soccer, proper? 

“We’ve got softball and field hockey and we’ve got volleyball. These things I think people underestimate. I was blown away when I saw 92,000 fans at the University of Nebraska’s volleyball game a couple weeks ago. There was a women’s soccer match — I think it was at Barcelona’s stadium — that got 90-something thousand people … There’s just a much bigger world out there is all I’m saying than just the major leagues.”