Finance

Mets owner Cohen acquires latest TGL franchise

Featured image credit: TGL

Featured image credit: TGL

Steve Cohen, owner of Major League Baseball’s New York Mets, has acquired a franchise in TGL, the new primetime team golf league developed by Tiger Woods and Rory McIlroy’s TMRW Sports venture in partnership with the PGA Tour.

Cohen Private Ventures has secured the rights for the team, which will represent New York. New York joins Los Angeles, Boston and Atlanta as one of six teams set to compete in TGL, with the final two clubs to be announced in the coming weeks ahead of the league’s launch in January.

Cohen bought the Mets in 2020. He serves as chairman and chief executive of Point72, a global multi-strategy asset management company.

Last month, TGL awarded its third franchise to Arthur Blank’s AMB Sports and Entertainment, which owns the NFL’s Atlanta Falcons, Major League Soccer’s Atlanta United, and Mercedes-Benz Stadium.

Fenway Sports Group had previously been announced as the owner of a Boston-based team, while a Los Angeles-based franchise will be co-owned by tennis legends Serena and Venus Williams alongside the former’s husband, entrepreneur Alexis Ohanian.

Cohen said: “We’re excited to partner with TMRW Sports and represent New York as a founding TGL team. As golf continues to grow in popularity, there’s a demand for enhanced access to the sport and the world’s top players.

”TGL’s primetime schedule will offer an up-close, fast-paced, and innovative take on the sport that will appeal to traditional golf and new fans alike. We’re excited to be a part of TGL and build a team that makes New York proud.”

Mike McCarley, TGL chief executive, added: “The addition of New York as a TGL team not only continues the success of adding major markets to TGL but also adds an ownership group with strong ties to other major league teams and fan bases. Steve Cohen’s ability and willingness to operate, promote, and market this team to New York fans is a significant step as we build towards the launch of TGL in January.

“Steve’s passion for winning is undeniable and infectious, as he is a welcomed addition to our original six TGL owners. A Cohen-led TGL team representing New York, alongside strong ownership groups in Atlanta, Boston, and Los Angeles, will further elevate the profile of TGL on the global stage.”

TGL will be staged in a purpose-built arena in Palm Beach, Florida on the campus of Palm Beach State College. The season will feature 15 regular-season matches followed by semi-finals and finals.

Twelve players have so far committed to playing in TGL: Tiger Woods, Rory McIlroy, Jon Rahm, Justin Thomas, Collin Morikawa, Matt Fitzpatrick, Justin Rose, Adam Scott, Xander Schauffele, Max Homa, Rickie Fowler, and Billy Horschel.

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