- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The OT was just early: Topgolf sold to private equity for $1.1 billion
Posted on 11/20/25 at 7:00 pm
Posted on 11/20/25 at 7:00 pm
quote:
Topgolf Callaway Brands is selling a majority stake of its Topgolf brand to private equity firm Leonard Green for approximately $1.1 billion. The parent company will retain a 40% stake in the eatertainment concept while shifting most of its focus to its equipment and apparel business. This news comes as Topgolf has experienced a significant downturn as consumers pull back on their discretionary spending. Same-venue sales have declined double digits throughout much of this year, while layoffs hit the concept's corporate office in Dallas in February. CEO Artie Starrs announced his resignation in early August. Callaway acquired Topgolf in March 2021 for $2.6 billion. In connection with this sale and its related financing transactions, Topgolf Callaway Brands expects to receive approximately $770 million in net proceeds subject to purchase price adjustments.
The OT was early on this one, they’ve hated Topgolf for as long as I can remember.
It looks like they’ve finally priced themselves out of the market, it’s still decently fun, but like everything else, it’s gotten so expensive it’s no longer worth it
LINK
15
Posted on 11/20/25 at 7:03 pm to Mingo Was His NameO
I look forward to reading the eventual case study about this transaction.
Likely due to an irresponsible growth strategy in the form of expanding too quickly which caused them to raise prices due to increasing capital expenditures combined with less net operating income than projected from their newer locations in less affluent, smaller markets.
Likely due to an irresponsible growth strategy in the form of expanding too quickly which caused them to raise prices due to increasing capital expenditures combined with less net operating income than projected from their newer locations in less affluent, smaller markets.
This post was edited on 11/20/25 at 11:21 pm
Posted on 11/20/25 at 7:05 pm to Mingo Was His NameO
quote:
It looks like they’ve finally priced themselves out of the market
They priced casuals out. People just want to drink and hit golf balls. Their pricing should be closer to bowling a few games
Posted on 11/20/25 at 7:05 pm to Mingo Was His NameO
quote:
The OT was just early: Topgolf sold to private equity for $1.1 billion
Posted on 11/20/25 at 7:07 pm to Mingo Was His NameO
As a golfer it doesn’t interest me at all. Been a few times for corporate events and such but the couple of times we’ve gone outside of that where I had to pay it’s waaaay overpriced
Posted on 11/20/25 at 7:12 pm to Mingo Was His NameO
Posted on 11/20/25 at 7:26 pm to Mingo Was His NameO
It was ok for a few times but it’s not really something that i want to do all the time.
It also doesn’t make it fun being as expensive as it is
It also doesn’t make it fun being as expensive as it is
Posted on 11/20/25 at 7:28 pm to Mingo Was His NameO
PE money scoops up another dead body
Posted on 11/20/25 at 7:36 pm to TexasTiger33
quote:
less net operating income than projected from locations in less affluent, smaller markets.
You are onto something here. Me and my buddy, a PGA pro, approached them about the Baton Rouge market way back when they first came on the scene. We got a flat NO before we even got to talk location, financing or any other first round questions. They said they had an algorithm related to population, income and some other factors. Baton Rouge wasn’t even close to qualifying. A few years later and they are breaking ground off Siegen Lane. Sounds like they compromised their early standards.
Posted on 11/20/25 at 7:40 pm to stout
quote:That industry is struggling as well - old mechanical pinsetters are being replaced with string pins because they're cheaper to maintain. Parts for the mechanical pinsetters have skyrocketed. Prices are WAY up to bowl a single game outside of leagues now.
Their pricing should be closer to bowling a few games
Posted on 11/20/25 at 7:42 pm to jbgleason
Were you trying to sell them land or invest as a partner? Or something else?
Posted on 11/20/25 at 7:43 pm to Mingo Was His NameO
quote:
sold to private equity
The worst 4 words in the country
Posted on 11/20/25 at 7:44 pm to stout
quote:
Their pricing should be closer to bowling a few games
When is the last time you went bowling? It’s expensive as shite now
Posted on 11/20/25 at 7:46 pm to TexasTiger33
Glad you got your old handle back
Posted on 11/20/25 at 7:49 pm to Mingo Was His NameO
Monday's -Thursday here you can play for half off. We'll see how long that lasts.
Was just Tuesdays.
Was just Tuesdays.
Posted on 11/20/25 at 7:52 pm to Mingo Was His NameO
Dateline 2030:
Large urban tracks of land sold to construction companies with plans to build gentrified apartments on former TopGolf sites
Large urban tracks of land sold to construction companies with plans to build gentrified apartments on former TopGolf sites
Posted on 11/20/25 at 8:28 pm to Mingo Was His NameO
Bankruptcy would be more honorable than Private Equity. Makes me not want to support Top Golf.
Private equity will just suck them dry, destroy it, then sell off the remanence.
Private equity will just suck them dry, destroy it, then sell off the remanence.
Posted on 11/20/25 at 8:31 pm to AtlantaLSUfan
quote:same. we go two or three times a month in the summer.
Makes me not want to support Top Golf.
Posted on 11/20/25 at 8:57 pm to Mingo Was His NameO
Will be parking lots soon
Posted on 11/20/25 at 8:59 pm to Mingo Was His NameO
Topgolf is so 2017
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News