Who owns WGT and TopGolf?
Topgolf Entertainment Group (TEG) is the parent holding company of Topgolf, Topgolf International and Topgolf Media. TEG is led by Co-Chairman and CEO Erik Anderson. Topgolf is a global sports entertainment community creating the best times of your life, with 24 locations serving 8 million guests annually.
Is Topgolf publicly traded?
Topgolf isn't pursuing a traditional IPO at this time. Since Callaway is already a publicly-traded company under the ticker symbol "ELY" on the NYSE, Topgolf will go public through the merger deal when it's official.
Who owns Topgolf International?
Games
- Top Golf – Players aim for 11 giant dartboard-like targets. ...
- Top Break – has a snooker based format in which a player must hit a red target then a coloured target. ...
- Top Chip – Use just the red target (5 shots), yellow target (5 shots) and green target (10 shots). ...
- Top Shot – Similar to TopChip. ...
How to invest in Topgolf?
Your franchise will have specific build out and display options to secure the following items:
- golf balls
- clubs
- bags
- club accessories
- footwear
- pro-line equipment
- giftware
- junior equipment
- men’s, ladies and children’s apparel
- gloves
How did Topgolf get started?
How did Topgolf start? Topgolf was founded in England in 2000 by two brothers, both avid golfers, who wanted a way to improve their game. They designed and patented technology that allowed an RFID chip to be placed inside a golf ball.
Who is the owner of Topgolf?
Callaway Golf CompanyTopgolf / Parent organizationWestRiver Group was founded and is run by Erik Anderson, Executive Chairman of Topgolf International, Inc., dba Topgolf Entertainment Group (TEG). As the company expanded, Callaway Golf Company (NYSE: ELY) became an investor in 2006 and Thomas Dundon in 2011.
What was the first Topgolf location in the US?
Eventually, an American investor was brought in, the WestRiver Group, to create Topgolf locations overseas in the United States. In 2005, they selected the first location stateside in the Washington, D.C., suburb of Alexandria, Virginia.
How much does the owner of Topgolf make?
According to Aria Group Architects, Inc., an average Topgolf venue is 65,000 square feet that is 3 stories high with an indoor and outdoor venue. A Topgolf owner's salary is also $58,000 per year according to one franchisee we spoke with.
What is Topgolf worth?
Topgolf's adjusted EBITDA amount of $189.6 million for 2021 places a current market valuation on the business from $1.6 billion to $2.4 billion and a per share value of $8.36 to $13.00.
How much does Topgolf make a year?
Topgolf generated approximately $1.1 billion in revenue in 2019 and has grown at a 30% compound annual rate since 2017.
Where is the biggest Topgolf?
Las VegasSpanning four levels and 105,000 square feet, the Topgolf flagship location in Las Vegas stands as the biggest Topgolf venue to date.
Why is it called Topgolf?
Topgolf originated from the timeless golf question, "Who hit it closer?" Originally called "Target Oriented Practice Golf," the founders of Topgolf used proprietary radio-frequency identification (RFID) technology and dartboard-style targets to answer this question, and the first Topgolf venue was created in Watford in ...
How many Topgolf are there in the US?
How many Topgolf locations are there in United States? There are a total of 71 topgolf locations in United States as of April 26, 2021 The state with the most number of Topgolf locations in the United States is Charlotte with 2 locations, which is 2% of all topgolf locations in United States.
Is Topgolf privately owned?
Topgolf garnered an investment from Callaway in 2006 and expanded to the United States, now the primary market for the company. Remaining privately-owned during those two decades, the company built locations in every region of the country. Topgolf began looking at an initial public offering in 2019.
How much does a Topgolf make a day?
While a hefty sum to build, the average Topgolf facility returns roughly $21.5 million a year (adjusted for inflation). About half of that revenue is generated from food and drink, and the other half is made from customers paying for a Topgolf bay, for which they pay $30–$50 an hour.
Who is Topgolf competitor?
TopGolf's top competitors include Salamander Innisbrook, Diamond Resorts, GameGolf and The Trump Organization. Topgolf is a golf entertainment venue.
Is Topgolf privately owned?
Topgolf garnered an investment from Callaway in 2006 and expanded to the United States, now the primary market for the company. Remaining privately-owned during those two decades, the company built locations in every region of the country. Topgolf began looking at an initial public offering in 2019.
Who is the CFO of Topgolf?
William Davenport -William Davenport - Chief Financial Officer - TopGolf | LinkedIn.
Is Topgolf owned by Callaway?
Callaway Golf Company Completes Merger with Topgolf, Creating an Unrivaled Global Leader in the Game of Golf.
Who is the COO of Topgolf?
Genifer GrayTopgolf Entertainment Group has promoted Genifer Gray into the role of chief operating officer for U.S. venues and named executives to head marketing and human resources, the company said Monday.
Where did the name Topgolf originate?
Topgolf originated from the timeless golf question, "Who hit it closer?". Originally called "Target Oriented Practice Golf," the founders of Topgolf used proprietary radio-frequency identification (RFID) technology and dartboard-style targets to answer this question, and the first Topgolf venue was created in Watford in the United Kingdom in 2000.
How many Topgolf venues are there?
Topgolf breaks Guinness World Record for most golf balls hit simultaneously around the world. As of December 29, 2019, Topgolf owned, operated or franchised 58 Topgolf venues consisting of 57 company-operated venues in the United States and the United Kingdom and one franchised venue in Australia. 2020.
When was golf invented?
A golf-like game is, apocryphally, recorded as taking place on February 26, 1297, in Loenen aan de Vecht, where the Dutch played a game with a stick and leather ball. The winner was whoever hit the ball with the fewest strokes into a target several hundred yards away. Some scholars argue that this game of putting a small ball in a hole in ...
Who was the first person to play golf?
The earliest known instructions for playing golf have been found in the diary of Thomas Kincaid, a medical student who played on the course at Bruntsfield Links, near Edinburgh University, and at Leith Links. His notes include his views on an early handicap system. In his entry for 20 January 1687 he noted how "After dinner I went out to the Golve", and described his Golf stroke:
Where did golf originate?
The modern game of golf is generally considered to be a Scottish invention. A spokesman for The Royal and Ancient Golf Club of St Andrews, one of the oldest Scottish golf organisations, said "Stick and ball games have been around for many centuries, but golf as we know it today, played over 18 holes, clearly originated in Scotland." The word golf, or in Scots gowf [gʌuf], is usually thought to be a Scots alteration of Dutch " colf " or " colve " meaning " stick, " club ", " bat ", itself related to the Proto-Germanic language *kulth- as found in Old Norse kolfr meaning " bell clapper", and the German Kolben meaning " mace or club". The Dutch term Kolven refers to a related sport where the lowest number of strokes needed to hit a ball with a mallet into a hole determines the winner; according to the "Le grand dictionnaire françois-flamen" printed 1643 is stated the Dutch term to Flemish: "Kolf, zest Kolve; Kolfdrager, Sergeant; Kolf, Kolp, Goulfe."
How did golf evolve?
The evolution of golf can be explained by the development of the equipment used to play the game. Some of the most notable advancements in the game of golf have come from the development of the golf ball. The golf ball took on many different forms before the 1930s when the United States Golf Association (USGA) set standards for weight and size. These standards were later followed by a USGA regulation stating that the initial velocity of any golf ball cannot exceed 250 feet per second. Since this time, the golf ball has continued to develop and impact the way the game is played.
When was the first round of kolf played?
In December 1650, the settlers of Fort Orange (near present-day Albany, New York) played the first recorded round of kolf (golf) in America. The Dutch settlers played kolf year round. During the spring, summer and fall it was played in fields. In the winter it was played on ice with the same rules.
What are the factors that contributed to the evolution of golf?
Another notable factor in the evolution of golf has been the development of golf clubs. The earliest golf clubs were made of wood that was readily available in the area.
What is the oldest golf course in Europe?
The Royal Calcutta Golf Club (1829), the Mauritius Gymkhana Club (1844) and the club at Pau (1856) in south western France are notable reminders of these excursions and are the oldest golf clubs outside of the British Isles. The Pau Golf Club is the oldest in continental Europe.
Overview
Spread
In 1603 James VI of Scotland succeeded to the throne of England. His son, the Prince of Wales and his courtiers played golf at Blackheath, London, from which the Royal Blackheath Golf Club traces its origins. There is evidence that Scottish soldiers, expatriates and immigrants took the game to British colonies and elsewhere during the 18th and early 19th centuries. In the early 1770s, the firs…
Origins
A golf-like game is, apocryphally, recorded as taking place on February 26, 1297, in Loenen aan de Vecht, where the Dutch played a game with a stick and leather ball. The winner was whoever hit the ball with the fewest strokes into a target several hundred yards away. Some scholars argue that this game of putting a small ball in a hole in the ground using golf clubs was also played in 17th-cent…
Golf course evolution
Golf courses have not always had eighteen holes. The St Andrews Links occupy a narrow strip of land along the sea. As early as the 15th century, golfers at St Andrews established a trench through the undulating terrain, playing to holes whose locations were dictated by topography. The course that emerged featured eleven holes, laid out end to end from the clubhouse to the far end of the property. One played the holes out, turned around, and played the holes in, for a total of 22 holes…
Equipment development
The evolution of golf can be explained by the development of the equipment used to play the game. Some of the most notable advancements in the game of golf have come from the development of the golf ball. The golf ball took on many different forms before the 1930s when the United States Golf Association (USGA) set standards for weight and size. These standards were later followed by a USGA regulation stating that the initial velocity of any golf ball cannot e…
Etymology
The word golf was first mentioned in writing in 1457 on a Scottish statute on forbidden games as gouf, possibly derived from the Scots word goulf (variously spelled) meaning "to strike or cuff". This word may, in turn, be derived from the Dutch word kolf, meaning "bat" or "club", and the Dutch sport of the same name.
The Dutch term Kolf and the Flemish term Kolven refers to a related sport where the lowest num…
Museums
The history of golf is preserved and represented at several golf museums around the world, notably the British Golf Museum in the town of St Andrews in Fife, Scotland, which is the home of The Royal and Ancient Golf Club of St Andrews, and the United States Golf Association Museum, located alongside the United States Golf Association headquarters in Far Hills, New Jersey.
The World Golf Hall of Fame in St. Augustine, Florida, also presents a history of the sport, as doe…
See also
• Timeline of golf history (1353–1850)
• Timeline of golf history (1851–1945)
• Timeline of golf history (1945–1999)
• Timeline of golf (2000–present)