NBA star Giannis Antetokounmpo invests in Tiger Woods-backed Golf League
NBA superstar Giannis Antetokounmpo, known for his extraordinary skills on the basketball court, has recently ventured into the world of golf with a substantial investment in the Los Angeles Golf Club (LAGC).
LAGC is one of six teams slated to participate in the highly anticipated TGL Golf League (TGL), a venture-backed by golf icons Tiger Woods and Rory McIlroy, with its inaugural season scheduled to tee off in January 2024.
Antetokounmpo, who inked an impressive five-year, $228-million supermax extension with the Milwaukee Bucks in December 2020, is no stranger to strategic investments. He was joined in this investment in LAGC by his basketball-playing brothers Thanasis, Kostas, and Alex.
This investment showcases the Antetokounmpo family’s commitment to expanding their presence beyond the basketball court.
In a tweet from his official Twitter account, Giannis Antetokounmpo shared the exciting news: “We want to make golf our own and for everybody. Thanasis, Kostas, Alex, and I are excited to announce our involvement as investors in LAGC — the inaugural team of TGL. We couldn’t be more excited to shape the future of this sport.”
The forthcoming TGL Golf League is scheduled to commence its operations in January 2024, headquartered at a state-of-the-art golf facility at Palm Beach State College in Florida.
Notably, the ownership roster of LAGC is star-studded and features renowned figures such as tennis champions Serena Williams and Venus Williams, along with Reddit Co-Founder Alexis Ohanian. This alliance signals a fresh chapter in the realm of golf entertainment.
The investment in LAGC is yet another instance of Antetokounmpo’s diversification of his portfolio. In addition to his share in LAGC, the Milwaukee Bucks star also possesses a stake in the MLS club Nashville SC.
With his estimated earnings of $87.6 million over the last year from salaries and endorsements, according to Forbes, Giannis is leveraging his financial prowess to create a multi-generational business empire.
In June, Antetokounmpo launched his investment holding company, Ante, Inc., as a hub for various business endeavors. One of his upcoming projects includes a retail store situated near the Fiserv Forum in Milwaukee.
This move complements his investments in sectors like food and beverages, sports teams, and mutual funds, demonstrating his commitment to diverse and strategic financial ventures.
Antetokounmpo’s remarkable journey has also been a source of inspiration and representation for marginalized communities. The Nigerian-born athlete’s presence on Forbes’ list of highest-paid athletes underscores his rise as a global sports icon.