Avenue Capital Group CEO, Marc Lasry, partnered with NBA superstar Stephen Curry to buy the TGL San Francisco team. This week, Lasry appeared on CNBC’s “Closing Bell” and discussed his new business venture.
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The billionaire stated he thinks “it’s got the possibility of being something huge,” and also disclosed the general amount that he paid for the TGL team.
“I can say it was less than $100 million and it was more than $25 [million].”
Lasry added what value he believes TGL brings to the golf world.
“What we’re trying to do is make golf available for people to watch over two hours. Do it in primetime. Do it where it’s virtual so you’re going to see the players hit the ball right away.”
“I think one of the problems people have with golf, unless you’re a huge golf fan, is it takes too long. So what we’re trying to do is have a league where everything is going to happen within two hours.”
“I think it’s got the possibility of being something huge,” says Marc Lasry, Avenue Capital Group CEO, of the @TGL. He discusses Avenue’s launch of a new sports investment fund & the decision to partner with @StephenCurry30 to buy their own team: TGL San Francisco. pic.twitter.com/ilMG6Tsk8I
— CNBC’s Closing Bell (@CNBCClosingBell) November 6, 2023
The league is set to debut on January 9th on ESPN.
