PGA Tour has onboarded a new wave of celebrity investors from the world of music, sports, media, and entertainment. Lebron James and Drake are part of a strategic $3 billion investment in the PGA Tour. Joined by Chris Pratt, Maverick Carter, and Rich Paul, this investment aims to leverage their marketing influence and business insights to expand golf's audience.
📈 The golf industry has been booming in recent years, with participation surging globally. Since 2016, the number of on-course golfers worldwide has increased by 34%, reaching 39.6 million in R&A affiliated markets. The U.S. alone saw a 20% increase in economic impact from golf, growing from $84.1 billion in 2016 to $101.7 billion in recent years.
This surge of investment coupled with the sport's increasing appeal positions the PGA Tour for unparalleled expansion and creativity, welcoming new fans and fostering exciting future prospects of the game.
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