• Loading stock data...
Monday, June 23, 2025

Tiger Woods Launches Sports-Focused SPAC

  • A Tiger Woods-backed SPAC filed for an IPO on Thursday.
  • It will target consumer-facing sports and health-tech companies.
Tiger-Woods-SPAC
Jeremy Reper-USA TODAY Sports/Design: Alex Brooks

Tiger Woods is raising $150 million to make a move in the wellness sector.

The golf legend’s SPAC, Sports & Health Tech Acquisition Corp., filed for an IPO on Thursday with plans to acquire a company in sports and health technology. The SPAC will target companies with $600 million to $1 billion in enterprise value.

Unlike scenarios in which an athlete joins a SPAC with a relatively small investment to help bring attention to the venture, Woods is a lead investor in the project.

  • After the IPO, it will be around 19.5% owned by its chairman Jon Voigtman, CEO Andrew White, who is also the chairman of leAD Sports, and CFO Christopher Hubman, who has the same role at Woods’ company TGR.
  • Bloomberg analysis found that 21 of 33 athlete-backed SPACs lost money following their mergers in 2021 but still performed better than other SPACs as a whole.

On Thursday, racing legend Michael Andretti raised $200 million through a SPAC, targeting the automobile industry with an eye toward electric and autonomous vehicles.

Tiger’s Empire

While this is Woods’ first SPAC, he launched TGR in 2016 to unite several business ventures. To date, Woods has focused on golf course design, golf tournaments and events, and a restaurant business called The Woods.

The SPAC could be Woods’ foray into consumer-facing technology.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Scheffler Closing Fast on Mickelson’s PGA Tour Earnings

Scottie Scheffler is already fourth in PGA Tour career earnings.

Lions Owners Fuel TGL Growth With New Team Set for 2027

The new team will begin play in 2027, TGL’s third season.
May 12, 2024; Charlotte, North Carolina, USA; Rory McIlroy acknowledges the gallery after his final putt and win during the final round of the Wells Fargo Championship golf tournament.

McIlroy Eyes 5th Win at Quail Hollow With $9.6M Already Earned There

McIlroy’s won nearly $10 million at the site of this week’s major.
July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.

Featured Today

Mar 15, 2025; Fort Worth, TX, USA; UAB Blazers forward Yaxel Lendeborg (3) dribbles the ball upcourt against the North Texas Mean Green during the first half at Dickies Arena

NIL Is Shrinking the Pool of NBA Draft Entrants

Agents are now advising many players to stay in school.
Apr 24, 2025; Green Bay, WI, USA; Penn State Nittany Lions defensive end Abdul Carter on the red carpet before the 2025 NFL Draft at Lambeau Field
June 21, 2025

‘More Is More’: The Elite Luxury Jewelers Decking Out Athletes

Meet the elite group of luxury designers crafting the biggest statement pieces.
Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.
June 15, 2025

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
Jun 19, 2025; Indianapolis, Indiana, USA; Oklahoma City Thunder forward Chet Holmgren (7) shoots the ball against Indiana Pacers center Tony Bradley (13) during the first half of game six of the 2025 NBA Finals between the Oklahoma City Thunder and the Indiana Pacers at Gainbridge Fieldhouse.

Pacers’ Tony Bradley Has Made Just $330K This Year Despite Finals Run

Bradley was signed by the Pacers on March 2 to a 10-day contract.
June 20, 2025

Hockey’s Best Player Enters Contract Year Noncommittal About Future

The superstar becomes a free agent next year absent a contract extension.
Mar 12, 2025; Indianapolis, IN, USA; Rutgers Scarlet Knights guard Ace Bailey (4) shoots the ball while USC Trojans guard Kevin Patton Jr. (8) defends in the second half at Gainbridge Fieldhouse.
June 20, 2025

Ace Bailey Cancels Sixers Workout a Week Before NBA Draft

The former Rutgers star is a projected top-three pick in Wednesday’s draft.
Sponsored

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

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
A pack of runners during the 129th running of the Boston Marathon at Heartbreak Hill in Newton, April 21, 2025.
June 18, 2025

Boston Marathon Qualifying Changes Target Downhill Racing Company

A new rule will apply time penalties to downhill races starting in 2027.
Noah Lyles
June 17, 2025

Tyreek Hill–Noah Lyles Race Is Off for ‘Personal Reasons’

Lyles and Hill agreed to a race in February with few concrete details.
June 17, 2025

Ja Morant Calls Out Stephen A. Smith After Memphis Claims

Smith made comments about the city on ESPN’s “First Take” Tuesday.
Sylvia Fowles
June 17, 2025

Sylvia Fowles’s Life After Hall of Fame Career

Fowles is considering a return to basketball.