• Loading stock data...
Thursday, July 10, 2025

TGL Extends Owner Starpower With Addition of Mets’ Cohen

  • Steve Cohen will own the New York-based golf team in TGL.
  • The league co-founded by Tiger Woods and Rory McIlroy will launch in Janaury.
Brad Penner-USA TODAY Sports

The already illustrious ownership cohort of TGL — a new virtual golf league co-founded by Tiger Woods and Rory McIlroy — can now count the richest owner in MLB among its ranks.

New York Mets owner Steve Cohen, a hedge fund manager with a net worth of more than $17 billion, has acquired the rights to TGL’s New York franchise. 

Cohen joins fellow TGL team owners Arthur Blank (Atlanta), Fenway Sports Group (Boston), and Serena Williams/Alexis Ohanian (Los Angeles), who welcomed Milwaukee Bucks star Giannis Antetokounmpo as a fellow L.A. team investor

This marks Cohen’s second major investment in professional sports on top of his $2.4 billion purchase of the Mets in 2020, which can now be seen as perhaps the first step in building a wider team ownership portfolio. It’s unclear how much Cohen and other TGL owners are paying for the franchises.

It’s been a tumultuous year for Cohen’s Mets, who entered the season with a record $344 million payroll but have since torn apart their roster and are all but certain to miss the postseason. Cohen will look to revitalize his sports dealings when TGL launches in January. 

Two further franchises are set to be announced soon, completing the league’s founding six teams, each of which will feature three golfers. Owners from the NFL, NHL, MLB, and MLS are all represented among TGL majority owners so far, but none from the NBA.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Stephen Curry celebrates after sinking the winning putt during the final round of the American Century Celebrity Championship golf tournament at Edgewood Tahoe Golf Course in Stateline, Nev., Sunday, July 16, 2023.

Golf’s Hottest Celebrity Tournament Keeps Getting More Exclusive

The American Century Championship tees off at Lake Tahoe on Friday.
Jul 10, 2025; Wimbledon, United Kingdom; Iga Swiatek of Poland at her on court interview after winning her match against Belinda Bencic of Switzerland on day 11 at All England Lawn Tennis and Croquet Club.

Wimbledon Set to Deliver Strong Finals Matchup for ESPN

Novak Djokovic is still in the hunt for his 25th Grand Slam.
Oct 27, 2024; Philadelphia, Pennsylvania, USA; A general view of the Wells Fargo Center before game between Philadelphia Flyers and Montreal Canadiens.

New Philly Arena Will Redefine Home-Court Advantage, CEO Says

The forthcoming venue will arrive with plenty of ambition among its owners.

Jalen Williams Signs Max Deal As Thunder Commit $822M to 3 Stars

Oklahoma City also extended Shai Gilgeous-Alexander and Chet Holmgren.

Featured Today

Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
Alex Sarr

Wizards Pushing Limits of Youth With 11 Players on Rookie Deals

Washington’s 2025 first-round pick is top-eight protected.
Chelsea
July 8, 2025

Chelsea Club World Cup Run Banks at Least $100M for Mark Walter..

The Blues will likely take home between $100 million and $120 million.
July 9, 2025

From Dynasty to Disarray: Red Bull Fires Christian Horner

He served as Red Bull team principal for more than two decades.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 8, 2025

Texas Sports Teams, Leagues Donate Over $5M to Flood Relief

NFL, MLB, and NBA teams in Texas donate to flood recovery efforts.
Chelsea
July 8, 2025

Club World Cup Semis Are Battle to Make Richest Soccer Final Ever

Semifinalists have each earned at least $60 million from the tournament so far.
July 7, 2025

Nationals Hit Reset Button, Oust Rizzo and Martinez Before Draft

The MLB club made major leadership changes just days before the draft.
July 6, 2025

Liverpool to Pay Diogo Jota’s $20M Contract to His Widow

Jota had two years remaining on his contract.