Anyone wanna chip in to try and buy Callaway with me?
#golf #golfball #golfballtest #Golffinds #golftips
One of the biggest golf club companies just went up for sale. Or at least that’s what we think. Callaway Golf, one of the world’s largest and most profitable golf club manufacturers, is reportedly up for sale. This news is coming out of Korea where they reported that one of the big investors over there is looking at buying out the three main investors in Callaway Golf. But the interesting thing is they’re not actually looking to sell the whole business, just the equipment side. In the stocks and investments world, Callaway is known as Topgolf Callaway brands because there’s a whole bunch of different brands that fall under it. Now, yes, they own Top Golf and Callaway by the name, but they also own brands like Travis Matthews, Jack Wolfkins, and a whole bunch of others. Now, the report said that they’re just looking to sell the equipment side of things, which definitely means that they’re going to keep Top Golf, but I wonder what it means for brands like Travis Matthews and Jack Wolfkin that fall under that umbrella. And if they’re just talking about specifically selling Callaway as in the golf club company itself, then what happens to brands like Tulon and Odyssey that are spin-offs of Callaway and their own little niche brands inside of it? Now, there’s a lot speculating, but it looks like the Callaway brand itself could just sell for $2 billion. Callaway did come out and comment on it saying, “Hey, look, we don’t really know much about this and we’re just going to say no comment for right now, but let me know what you guys think’s going to happen
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Does this mean a big change to Callaway clubs could be coming?
I always wondered how you got your hands on the top golf golf ball😂
Wow.. game changer imo. TOP GOLF, for years has been a strain around Calloways revenue stream. Selling that division would make sense. Calloway built a multimillion dollar manufacturer plant in the usa to improve their golf ball. There are many companies that could buy it but to spend 2 billion dollars would have to be a company who wants to increase their market share. Titleist and Taylor made might find issues with USA regulations. Srixon could but that means ending their Cleveland club division or PXG which they could now product and manufacturer their products in the USA.