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Oct 21, 2016 | 07:14 am

Acushnet All Set for IPO

Acushnet Holdings Corp. is set for an initial public offering next week on the New York Stock Exchange. Why does this apply to golfers? Acushnet is the parent company of Titleist and Footjoy, and when approximately 19.3 million shares of common stock become available next week at an expected $21-24 per share, they will raise roughly $435 million. While this news may seem initially exciting as an indicator of new investment and R&D at Acushnet, it turns out that all of the shares in this IPO will be sold by existing shareholders and not the company itself. This means that the money won't go into the accounts of Acushnet, but instead Fila Korea, Ltd., the owner of Acushnet. Let's hope that some of the money makes it back to the R&D departments at Titleist and Footjoy! The shares will be offered under the ticker symbol "GOLF."

Do you plan to purchase any shares of GOLF? Let us know in the comments below!

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Oct 20, 2016 | 06:18 am

A New Class For The Hall Of Fame

It’s been a good couple of weeks for Davis Love III. Hot on the heels of his captaining Team USA to its Ryder Cup victory, DLIII was just announced as one of the class of 2017 to be inducted into the World Golf Hall of Fame. Joining him are three other players—Meg Mallon, Lorena Ochoa, and Ian Woosnam—and writer Henry Longhurst. The induction ceremony will be held on September 26, 2017, in New York City during the week of the Presidents Cup, which is being played at Liberty National Golf Club, located in New York harbor. Some career highlights of the new members, who will bring total membership in the Hall—which is located at World Golf Village in St. Augustine, Florida—to 155:

Davis Love III (U.S.). In four years on the PGA Tour, he has 22 victories including the 1997 PGA Championship, and the 1992 and 2003 Players Championship. Played on six Ryder Cup Teams (and captained two others) and six Presidents Cup teams.

Meg Mallon (U.S.). She has 18 LPGA Tour titles and four major championships (1991 LPGA Championship, 1991 and 2004 U.S. Women’s Open, 2000 du Maurier Classic), played on nine Solheim Cup teams, and was the U.S. captain in 2013. Named one of the LPGA’s top 50 players and teachers as part of the tour’s 50th anniversary in 1999.

Lorena Ochoa (Mexico). In nine years on the LPGA Tour she was four-time player of the year and captured 27 victories including two majors (2007 Women’s British Open, 2008 ANA Inspiration). From 2007-10, she was ranked number-one in the world for 158 consecutive weeks. She will be the first Mexican-born golfer in the Hall.

Ian Woosnam (UK). Winner of 52 professional events since 1976, including the 1991 Masters, he was number-one in the world for 50 weeks in 1991-92, played on eight consecutive Ryder Cup teams (1983-97), and twice won the European Tour’s Order of Merit. He also was awarded the Order of the British Empire in 2006.

Henry Longhurst (UK). After captaining the golf club at Cambridge University in the 1930s, he was the weekly columnist for the London Sunday Times for 40 years and is generally considered the first TV golf “personality,” having provided commentary for the BBC from the 1950s until his death in 1978 with occasional stints on CBS and ABC in the U.S. He also wrote more than a dozen books.

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March 16 Harbour Town

Oct 19, 2016 | 08:30 am

Lot of Hot Air

Despite reports to the contrary, Hilton Head Island is doing just fine after Hurricane Matthew barreled through on October 7-8. Sure, a lot of trees came down causing some structural damage and there's still a lot of debris to clean up, but the majority of the amenities of the island's most famous resort, Sea Pines, are now open, including the Harbour Town Clubhouse, Plantation Golf Club, Inn & Club at Harbour Town boutique hotel, and Sea Pines Beach Club. Links, an American Grill at the Harbour Town Clubhouse, and Coast, oceanfront fine-dining at the Beach Club, also are open. "Due to the immense and tireless efforts of our incredible cleanup crews, members of the community as well as The Sea Pines Resort team, we resumed operations Oct. 14,” says Steve Birdwell, President. “Our hearts go out to those up and down the Atlantic seaboard who were impacted by the storm.” Additionally, 95 percent of the 400 rental homes and villas offered for guest accommodations were untouched and are rental ready. Its three championship golf courses—Harbour Town Golf Links (which lost the most trees), Heron Point by Pete Dye, and Davis Love III's new Atlantic Dunes—are scheduled to reopen in November. "Our golf maintenance crew is doing an amazing job getting our three layouts back to pristine shape,” says Cary Corbitt, Vice President of Sports and Operations. “Our goal is have golfers teeing it up and enjoying the golf courses by Thanksgiving week.”

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Oct 18, 2016 | 09:25 am

Tiger Makes His Move

Tiger Woods may be uncertain about his future as a professional golfer, but yesterday he took a bold step forward as a corporate mogul with the launch of a new company called TGR. Founded with the mantra, “the pursuit of excellence beyond all limits” TGR is for the moment a branding umbrella, a unified platform for his current ventures which include event management, golf course design, a restaurant, and his charitable arm, the Tiger Woods Foundation, which celebrates its 20th anniversary this month. But Woods said that several other ventures would be announced in the coming months, which, given the recent demise of Nike, begs the question: Might we soon see a line of TGR golf equipment? The new company comes complete with a distinctive logo, suggestive of tiger stripes or a tiger paw. “Or," said the CEO, “even three trees, because I’ve been known to hit into them. My last name is Woods, after all."

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