TGL presented by SoFi, the innovative team golf league developed by TMRW Sports in collaboration with the PGA TOUR and helmed by Tiger Woods and Rory McIlroy, has unveiled its fifth ownership group. This group will take control of TGL’s San Francisco team and is spearheaded by Marc Lasry’s Avenue Sports Fund, along with the involvement of basketball luminaries Stephen Curry, Andre Iguodala, and Klay Thompson.
Marc Lasry, Chairman and CEO of Avenue Capital Group, expressed his excitement about this partnership, stating, “Avenue is thrilled to be working with Stephen Curry, in partnership with TMRW Sports as a founding TGL team. Our ownership group is excited to become stewards of TGL San Francisco and to represent Northern California, which is the center of tech innovation and is a perfect location for a TGL team in this extraordinary new sports league. As we move towards the launch of TGL’s inaugural season in January 2024, TGL San Francisco will be focused on developing an extraordinary team of talented players, and we are excited to have Andre and Klay as part of our amazing ownership group.”
Avenue Capital Group, a global investment firm managing $12.5 billion in assets, has recently introduced the Avenue Sports Fund. Mark Lasry, a former Co-Owner of the NBA’s Milwaukee Bucks, has a strong background in the sports industry.
The investment in TGL San Francisco represents one of the initial investments by the Avenue Sports Fund, which seeks to offer capital solutions to a range of sports teams, owners, and leagues. It also plans to invest in sports-related media, entertainment rights, real estate, and other related ventures.
Stephen Curry’s collaboration with Lasry in the Avenue Sports Fund adds to his expanding business portfolio. This portfolio includes his award-winning production company, Unanimous Media; the purpose-driven lifestyle brand, UNDERRATED, focusing on golf and basketball; his signature Kentucky Straight Bourbon, Gentleman’s Cut; and his acclaimed foundation, EAT. LEARN. PLAY., which has raised over $47 million for the betterment of Oakland’s youth and families.
After recently retiring from the NBA, Andre Iguodala is ready to jump on this new ownership avenue.
