who owns topgolf Updated in 2022 ❤️

WestRiver 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.

Is Topgolf publicly traded?

The U.S. licensee, with WestRiver Group as the lead investor, brought Topgolf to the U.S. in 2005 with the opening of Topgolf Alexandria. WestRiver 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 …

Does top golf have stock?

Additionally, in 2016, Providence Equity Partners made a sizable minority investment in Topgolf. More recently, in 2017, Fidelity Research and Management became an investor in Topgolf. In 2021, Topgolf Entertainment Group merged with the Callaway family of brands and is now a wholly owned subsidiary of Callaway Golf. Erik Anderson now serves as Vice Chairman of the …

Is top golf publicly traded?

Feb 09, 2021 · Topgolf will be privately owned until the transaction is finalized with Callaway. After the merger, Callaway shareholders will have a 51.5 percent stake in the company, with Topgolf investors …

Does Topgolf belong on San Diego Bay?

Mar 08, 2021 · CARLSBAD, CA and DALLAS, TX / March 8, 2021 / PRNewswire / — Callaway Golf Company (“Callaway”) (NYSE:ELY) and Topgolf International, Inc. (“Topgolf”) announced today that the companies have completed their previously announced merger, following approval by shareholders of both companies. The combined enterprise creates an unrivaled tech-enabled …

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About Topgolf Entertainment Group Topgolf Entertainment Group is a global sports and entertainment community that connects nearly 100 million fans in meaningful ways through the experiences we create, the innovation we champion and the good that we do. What began as a technology that enhanced the game of golf now encompasses a range of unmatched …

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.Oct 27, 2020

Does Callaway own all of Topgolf?

Topgolf and Callaway have officially come together. The merger creates a “tech-enabled golf company delivering leading golf equipment, apparel and entertainment.”Mar 11, 2021

How much does a Topgolf owner make?

How Much Does a Topgolf Franchise Owner Make? The average annual salary for a Topgolf owner is approximately $58,000 per year. On top of this, the owner also can expect to receive additional payments in the form of profit bonuses that the Togolf facility makes in any trading year.

Who is the CEO of Topgolf?

Artie Starrs (Apr 5, 2021–)

Topgolf / CEO

Who sold Topgolf?

Callaway Golf

Callaway Golf completes acquisition of trendy Topgolf for $2.6 billion in stock.Mar 8, 2021

Who makes the clubs for Topgolf?

Callaway

Under the terms of the merger agreement, which was previously announced on October 27, 2020, Callaway issued approximately 90 million shares of its common stock to the shareholders of Topgolf, excluding Callaway, which previously held approximately 14% of Topgolf’s outstanding shares.Mar 8, 2021

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 a franchise?

The brand was founded in 2000, and the first franchise was launched for sale in 2005. Today Topgolf franchise opportunities are well appreciated by 64 franchisees who are sharing the concept not only in the USA but in other countries. The core values of the chain are caring, excellence, fun, and team spirit.

How profitable is Topgolf?

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 owns Topgolf Dubai?

WASL Asset Management Group

Topgolf Dubai is the only entertainment venue of its kind in the region and is owned and operated by Dubai Golf, a division of WASL Asset Management Group.Jan 13, 2021

Who is the COO of Topgolf?

Genifer Gray

Topgolf 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.Aug 2, 2021

Who is the CEO of Callaway Golf?

Oliver G. Brewer III (Mar 5, 2012–)

Callaway Golf Company / CEO

Where was Topgolf built?

From this, they designed a new game, Topgolf, which is a redesigned driving range. In Watford, just outside London, the twins built the first location, which opened in 2000.

How many Topgolf locations were opened in 2013?

Anderson moved to have newer location be even larger, with a full line kitchen and executive chefs replacing small kitchens and more golfer space. Ten locations were opened in 2013. Topgolf had sales of $163.5 million in 2014 to make the Inc. 500.

Where is Topgolf Media located?

www .topgolf .com. Topgolf is a global sports entertainment company headquartered in Dallas, Texas with locations in the United States, United Kingdom, Australia, Mexico and Dubai.

Is Topgolf in Australia?

TopGolf locations in Australia are run by a joint venture of Topgolf International (3.7%) and Village Roadshow Theme Parks. In Canada, a joint venture with Cineplex Entertainment was established to operate locations there, but was abandoned by Cineplex in 2020.

When did Richard Grogan visit Topgolf?

In 2003, bankers approached Richard Grogan to invest but were rejected. Grogan later had been induced to visit the Topgolf facility in February 2004. Seeing only a 5% return on investment, Grogan turned them down again, although he was otherwise impressed during the visit.

When did Topgolf buy Protracer?

In January 2016, the company purchased the World Golf Tour gaming company. Also that year, Protracer golf ball tracking technology was purchased and renamed Toptracer. Topgolf and Village Roadshow Theme Parks agreed in 2016 to a joint venture to bring Topgolf to Australia.

When did Callaway buy Topgolf?

Merger with Callaway. On October 27, 2020, Callaway Golf Company announced it will acquire Topgolf for $2 billion. On the date of such announcement, Callaway was holding 14% share of Topgolf. Callaway has been the investor for Topgolf since 2006, with the present CEO Chip Brewer serving on the Topgolf board since 2012.

Is Topgolf a wholly owned company?

In 2021, Topgolf Entertainment Group merged with the Callaway family of brands and is now a wholly owned subsidiary of Callaway Golf. Erik Anderson now serves as Vice Chairman of the Callaway Board of Directors, and WestRiver Group, Providence Equity Partners and Dundon Capital remain significant shareholders in the combined company.

Who is the founder of Topgolf?

Topgolf Entertainment Group then began its journey to become a technology-driven global sports and entertainment brand when Erik Anderson, Founder and CEO of investment company WestRiver Group, brought Topgolf to the U.S. in 2005. Shortly after, Topgolf was incorporated as Topgolf International, d.b.a Topgolf Entertainment Group where Anderson now …

Who developed Topgolf?

Investors. Innovation has been at the heart of Topgolf Entertainment Group from the start. What began as a technology developed by the Joliffe brothers to enhance the game of golf led to the first three Topgolf venues in the United Kingdom in 2000. Topgolf Entertainment Group then began its journey to become a technology-driven global sports …

When did Topgolf start?

What began as a technology developed by the Joliffe brothers to enhance the game of golf led to the first three Topgolf venues in the United Kingdom in 2000. Topgolf Entertainment Group then began its journey to become a technology-driven global sports and entertainment brand when Erik Anderson, Founder and CEO of investment company WestRiver …

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.

Where was the first Topgolf venue?

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.

Is Topgolf a privately owned company?

Topgolf combines sports with technology to make golf entertaining for more people. The company has been privately owned for its first two decades.

Is Topgolf still a private company?

Topgolf Is Still a Private Company Ahead of Merger Deal With Callaway . Topgolf Entertainment Group was founded in 2000 in the United Kingdom. In 2006, investments from Callaway brought the company to the U.S. Topgolf combines sports with technology to make golf entertaining for more people. The company has been privately owned for its first two …

When was Topgolf Entertainment Group founded?

Feb. 9 2021, Updated 1:08 p.m. ET. Topgolf Entertainment Group was founded in 2000 in the United Kingdom. In 2006, investments from Callaway brought the company to the U.S. Topgolf combines sports with technology to make golf entertaining for more people.

Is Topgolf owned by Callaway?

The company has been privately owned for its first two decades. In October 2020, Topgolf announced that it would merge in an all-stock deal with Callaway Golf Company, which is a golf equipment retailer. Callaway is optimistic that more people will gain an interest in traditional golf after visiting one of Topgolf’s entertainment venues.

Is Callaway a topgolf company?

Callaway CEO Chip Brewer said that the two companies fit well together. Callaway is a premier golf equipment company and Topgolf helps attract more people to the sport. Since many golfers bring non-golfer friends to venues, they become potential new customers for Callaway. The merger presents opportunities for cross-selling.

How much is Topgolf worth?

How much Topgolf is worth. Once the deal with Callaway gets finalized, Topgolf will be valued at $2 billion. Callaway is also assuming Topgolf’s debt, which is approximately $555 million. Topgolf’s revenue in 2019 was $1.1 billion, with 30 percent average annual growth since 2017.

How much revenue does Topgolf have in 2019?

Topgolf’s revenue in 2019 was $1.1 billion, with 30 percent average annual growth since 2017. The combined company in 2019 would have had revenue of $2.8 billion in fiscal 2019. The revenue is anticipated to grow to $3.2 billion by 2022.

What is topgolf entertainment?

Topgolf Entertainment Group is a technology-enabled global sports and entertainment leader built on a foundation of community, inclusivity and fun. What started as a simple idea to enhance the game of golf has grown into a movement where people from all walks of life connect at the intersection of technology and sports entertainment. Topgolf Entertainment Group’s platforms include Topgolf venues, Topgolf Media, Topgolf International, Toptracer and Topgolf Swing Suite. To learn more about Topgolf, visit www.topgolfentertainmentgroup.com or follow Topgolf on Instagram, Facebook, Twitter and LinkedIn.

What is Callaway Golf?

Callaway Golf Company (NYSE: ELY) is a premium golf equipment and active lifestyle company with a portfolio of global brands , including Callaway Golf, Odyssey, OGIO, TravisMathew and Jack Wolfskin. Through an unwavering commitment to innovation, Callaway manufactures and sells premium golf clubs, golf balls, golf and lifestyle bags, golf and lifestyle apparel and other accessories. For more information please visit www.callawaygolf.com, www.odysseygolf.com, www.OGIO.com, www.travismathew.com, and www.jack-wolfskin.com.

Who bought Topgolf Entertainment?

In a deal worth about $2 billion, Callaway Golf Co. plans to buy the remainder of Topgolf Entertainment Group, a sports entertainment company, according to Yahoo Finance. The companies expect the deal to be complete by early next year.

When did Callaway and Topgolf merge?

In 2006, Callaway and Topgolf had their first merger. According to a press release, the merger resulted in “maintained a strong partnership since.” The deal allowed Callaway to have an exclusive agreement at all Topgolf locations.

Who owns Topgolf?

Callaway already owns 14 percent of Topgolf. It first invested in the company in 2006. The combination layers a flashy, golf-related entertainment business on top of the Carlsbad company’s core golf equipment and apparel brands.

Does Callaway own Topgolf?

As of September, all had reopened. Callaway already owns 14 percent of Topgolf. It first invested in the company in 2006. The combination layers a flashy, golf-related entertainment business on top of the Carlsbad company’s core golf equipment and apparel brands.

How many visitors did Topgolf have in 2019?

Topgolf had 23 million visitors to its venues in 2019, said Brewer. “Half of those identify themselves as golfers. The overlap there — the ability to promote and sell products to those customers through the venues — is quite tangible.”. Brewer has been a member of Topgolf’s board since 2012.

When did Callaway invest in golf?

It first invested in the company in 2006. The combination layers a flashy, golf-related entertainment business on top of the Carlsbad company’s core golf equipment and apparel brands. “These businesses just make sense together,” said Chip Brewer, chief executive of Callaway, in a conference call with investors.

Overview

Topgolf is a global sports entertainment company headquartered in Dallas, Texas with locations in the United States, United Kingdom, Australia, Mexico and the United Arab Emirates. In October 2020, publicly traded Callaway Golfannounced it was acquiring Topgolf, with the merger completed in March 2021. TopGolf locations in Australia are run by a joint venture of Topgolf Internationa…

History

Twin brothers Steve and Dave Jolliffe had sold their mystery shoppingbusiness and were looking for a new project in 1997. Both golfers, they began complaining about golf’s issues: the time factor and lackluster driving ranges. Looking to improve the game, the Jolliffes looked to the then-new commercial microchip technology and placed it in the golf ball. From this, they designed a …

Merger with Callaway

On October 27, 2020, Callaway Golf Company announced it will acquire Topgolf for $2 billion. On the date of such announcement, Callaway was holding 14% share of Topgolf. Callaway has been the investor for Topgolf since 2006, with the present CEO Chip Brewer serving on the Topgolf board since 2012.

Games

The Topgolf games can be played by all ages and skill levels, and the micro chipped golf balls score themselves, providing players with instant feedback on each shot’s accuracy and distance.
• Top Golf – Players aim for 11 giant dartboard-like targets. The further the shot goes and the closer to the pin, the more points the player receives.
• Top Break – has a snookerbased format in which a player must hit a red target then a coloured target. The higher value colours, the more p…

Locations

There are currently 50+ Topgolf locations, three in the United Kingdom, and one in Australia, Mexico, and the UAE. Each Topgolf venue features climate-controlled hitting bays for year-round play, food, beverage, music and HDTVs on which various sports games are shown, such as football, basketball and golf. Topgolf also offers golf lessons, leagues, tournaments, concerts, and corporat…

External links

• Official website
• Topgolf Media