Rory McIlroy’s career is picking up, both on and off the course. This season, he carded two wins to put an end to a severe two-year drought. Moreover, his investment project called ‘Symphony Ventures’ is moving rapidly. According to the latest reports, he has partnered with TPG Capital to invest in Troon.
From Scottsdale, Arizona, Troon is the globe’s largest golf service company. Earlier in the year, he also extended support to Dallas-based ‘Puttery’, which is Drive Shack Inc.’s new golf venture. The investment was over $10 million for an exchange of 10% ownership in the equity of each new site until 2023.
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Rory McIlroy extends support to Troon
This investment will provide Troon with ‘additional capital, resources, and expertise to build on its market-leading position.’ Moreover, current investors, LGP, will remain on board. CEO Kris Galashan said, “We are incredibly excited about working with TPG, the management team, and Rory through the next phase of the company’s growth.”
.@Troon already offers so many amazing golf experiences. Excited to partner with them and @TPG to create even more experiences for golfers around the world. https://t.co/hCVcE3vS3W
— Rory McIlroy (@McIlroyRory) November 15, 2021
Tim Schantz, CEO of Troon, broke the news. He said, “Today’s announcement is an exciting milestone for our company, and we are incredibly proud to welcome TPG and Rory to the Troon family. Golfers are at the core of everything we do at Troon… We look forward to working with them and the team at LGP to continue accelerating our growth while providing even more resources for our valued clients and partners.”
“I am delighted to invest in the Troon business as they continue to deliver great golf experiences,” said Rory McIlroy, praising them. “They really understand what makes golf special.”
With his past successful choices, McIlroy has already proved himself a shrewd investor. However, his recent move solidifies this as Troon seems to be a very profitable investment. What do your thoughts?
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