Latest news with #TaylorMadeGolf
The Independent
18-07-2025
- Business
- The Independent
Kai Trump secures over $1 million in deals before heading to University of Miami
Kai Trump, President Donald Trump 's eldest grandchild, has secured Name, Image, and Likeness (NIL) deals valued at over $1 million. The 18-year-old, who is set to join the University of Miami 's golf team, has signed agreements with Accelerator Active Energy, Leaf Trading Cards, and TaylorMade Golf. Her substantial social media following, exceeding six million across various platforms, has been key to her securing these lucrative endorsements. Kai's NIL valuation of at least $1.2 million positions her among the top-earning female student-athletes. She has stated her intention to pursue a professional golf career following her college education.
Yahoo
18-07-2025
- Business
- Yahoo
Kai Trump's endorsements have made her a teenage millionaire
Kai Trump, the eldest of President Donald Trump's grandchildren, is already following in her family's business-forward footsteps with multiple name, image, and likeness (NIL) deals amounting to more than $1 million. Before heading to the University of Miami next fall to begin playing on the school's golf team, Kai, 18, has already scored deals with Accelerator Active Energy, Leaf Trading Cards, and TaylorMade Golf. With more than six million followers on social media, Kai has an NIL valuation of at least $1.2 million, according to On3. That's among the top female student-athlete NIL earners alongside Louisiana State University gymnast Livvy Dunne, who had an NIL valuation of $4.1 million, and basketball player Flau'jae Johnson, who has an NIL valuation of $1.5 million, according to Sports Illustrated. NIL deals enable college athletes to earn money from endorsements, sponsorships, collaborations, and other opportunities based on their personal brand, rather than their athletic performance. Kai Trump has a reported $1.2 million in name, image, and likeness contracts related to her aspiring golf career with several companies (AFP via Getty Images) Trump reportedly intends to sign an executive order establishing national standards for the National Collegiate Athletic Association's NIL program, according to people familiar with the plan, as CBS News reported earlier this week. Kai, who attended The Benjamin School in Palm Beach, Florida, has leveraged her personal brand to secure such deals. She has approximately 1.8 million followers on Instagram, 3.2 million on TikTok, and 1.17 million on YouTube. Her latest NIL deal is with Accelerator Active Energy, a sugar-free energy drink that has also partnered with Dunne. The eldest Trump grandchild utilizes her social media following to offer fans a behind-the-scenes glimpse into the political landscape in Washington, D.C., and her experiences with golf. While Kai is well-known to fans of Trump, as she is the daughter of the president's eldest son, Donald Trump Jr., her public prominence skyrocketed last year after she delivered a speech at the Republican National Convention. She told Fox News Digital on Wednesday that she 'always wanted' to create content on social media and serve as a role model for younger people. Kai Trump, an aspiring professional golfer, says she spends any free time golfing (Getty Images) However, her true passion lies in golf, a game popular with her grandfather. Kai told Fox News Digital that she intends to pursue a professional golf career after college. 'If I have two hours, I'm not going to hit a few balls, go on my phone, scroll. No, I'm going to take full advantage of the time I have on the course. So, I mean, I think that's going to get me onto the next level for sure,' Kai told Fox News. One of Kai's NIL deals is with TaylorMade Golf, a leading manufacturer of golf equipment and apparel. Kai also has access to some of the best golf teachers in the world, including her mother Vanessa Trump's new boyfriend, Tiger Woods.
The Independent
18-07-2025
- Business
- The Independent
Kai Trump's endorsements have made her a teenage millionaire
Kai Trump, the eldest of President Donald Trump 's grandchildren, is already following in her family's business-forward footsteps with multiple name, image, and likeness (NIL) deals amounting to more than $1 million. Before heading to the University of Miami next fall to begin playing on the school's golf team, Kai, 18, has already scored deals with Accelerator Active Energy, Leaf Trading Cards, and TaylorMade Golf. With more than six million followers on social media, Kai has an NIL valuation of at least $1.2 million, according to On3. That's among the top female student-athlete NIL earners alongside Louisiana State University gymnast Livvy Dunne, who had an NIL valuation of $4.1 million, and basketball player Flau'jae Johnson, who has an NIL valuation of $1.5 million, according to Sports Illustrated. NIL deals enable college athletes to earn money from endorsements, sponsorships, collaborations, and other opportunities based on their personal brand, rather than their athletic performance. Trump reportedly intends to sign an executive order establishing national standards for the National Collegiate Athletic Association's NIL program, according to people familiar with the plan, as CBS News reported earlier this week. Kai, who attended The Benjamin School in Palm Beach, Florida, has leveraged her personal brand to secure such deals. She has approximately 1.8 million followers on Instagram, 3.2 million on TikTok, and 1.17 million on YouTube. Her latest NIL deal is with Accelerator Active Energy, a sugar-free energy drink that has also partnered with Dunne. The eldest Trump grandchild utilizes her social media following to offer fans a behind-the-scenes glimpse into the political landscape in Washington, D.C., and her experiences with golf. While Kai is well-known to fans of Trump, as she is the daughter of the president's eldest son, Donald Trump Jr., her public prominence skyrocketed last year after she delivered a speech at the Republican National Convention. She told Fox News Digital on Wednesday that she 'always wanted' to create content on social media and serve as a role model for younger people. However, her true passion lies in golf, a game popular with her grandfather. Kai told Fox News Digital that she intends to pursue a professional golf career after college. 'If I have two hours, I'm not going to hit a few balls, go on my phone, scroll. No, I'm going to take full advantage of the time I have on the course. So, I mean, I think that's going to get me onto the next level for sure,' Kai told Fox News. One of Kai's NIL deals is with TaylorMade Golf, a leading manufacturer of golf equipment and apparel. Kai also has access to some of the best golf teachers in the world, including her mother Vanessa Trump's new boyfriend, Tiger Woods.
USA Today
13-05-2025
- Business
- USA Today
Sale of TaylorMade Golf by its private equity owner may begin soon according to reports
Sale of TaylorMade Golf by its private equity owner may begin soon according to reports Reports from South Korea state that TaylorMade's parent company may ask for $3.5 billion for the brand, but one investor wants to wait. Is TaylorMade Golf about to hit the block? Talk that the Carlsbad, Calif.-based equipment maker could be sold has accelerated, according to a report on May 9 in the Chosun Daily, a Korean publication. Earlier this year, Centroid Investment Partners, a South Korean private equity firm that purchased TaylorMade Golf in 2021, was reported to be considering selling the equipment maker. The latest report claims that TaylorMade may begin the sale of its management rights, 'as early as next month, with the company aiming for a valuation of around $3.5 billion.' The $3.5 billion targeted sales price is believed to be based on a valuation benchmarked against Acushnet Holdings, the parent of Titleist. According to investment banking sources, sale advisors JP Morgan and Jefferies plan to send teaser letters to potential buyers in June or July. Strategic investors from China and the Middle East are expected to be key targets. There's one potential holdup: F&F, the South Korean fashion group that joined as a strategic investor at the time of Centroid's 2021 acquisition of TaylorMade, reportedly opposes the sale. 'Through legal counsel Yulchon LLC, F&F has submitted formal notices stating it will exercise its right to approve major corporate decisions should the deal proceed,' the Chosun Daily reported. F&F also argues that the scope of its right of first refusal remains ambiguous. The company holds both the right to approve key decisions and the right of first refusal on TaylorMade, and has consistently opposed a sale—pushing instead for continued growth and a future IPO. Centroid maintains that the planned sale does not fall under F&F's approval rights and charges that the terms of the right of first refusal are clearly defined. If a third-party buyer presents an offer, F&F would have 14 days to match or exceed that price to take control. F&F invested $392 million into the fund when TaylorMade was valued at just $1.5 billion. In January, Jeong Jin-hyeok, the CEO of Centroid Investment, told Nikkei Asia that he is, 'satisfied with TaylorMade's golf ball business as it has grown more than 20 percent on average per year since Centroid's acquisition in 2021, while noting that he will be monitoring how its clothing operations perform through 2025.' That would be a reference to the apparel business, which the company backed last year, with Tiger Woods and known as Sun Day Red.
Newsweek
30-04-2025
- Business
- Newsweek
PGA Tour CEO Search Linked to Longtime Friend of Tiger Woods
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The hunt for candidates to fill top positions at institutions in the world of golf has become a trend in the past year, and PGA Tour Enterprises is no exception. Jay Monahan's team is still searching for a CEO, and it seems they are not sitting on their hands about it. According to a report from the Sports Business Journal, the tour has shown interest in two names in particular. One of them would have the unofficial but not insignificant advantage of being closely associated with one of the organization's heavyweights, Tiger Woods. That name is David Abeles, the current president and CEO of TaylorMade. Tiger Woods has had TaylorMade as one of his major sponsors since 2017. The renowned golf equipment and apparel brand is also working with him on his latest project, Sun Day Red. Abeles has other attributes beyond his close relationship with Woods. His time at TaylorMade and other companies such as Titleist and Acushnet gives him a global vision of a sport as unique as golf. It has also allowed him to connect with numerous players through his sponsorship deals. Erin Andrews, Tiger Woods and CEO and President at TaylorMade, David Abeles attend the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12,... Erin Andrews, Tiger Woods and CEO and President at TaylorMade, David Abeles attend the launch of Tiger Woods and TaylorMade Golf's new apparel and footwear brand "Sun Day Red" at Palisades Village on February 12, 2024 in Pacific Palisades, California. MoreAccording to the report, Abeles' main competitor would be Steve Phelps, the current NASCAR commissioner. The information suggests that Phelps is an attractive candidate for the tour, as he has been instrumental in the successful relaunch of NASCAR from 2018 to the present. The report cites numerous sources to support its information, although it does not identify them. There is also no official confirmation of the Tour's interest at this time. The PGA Tour commissioner acknowledged the organization's interest in naming a CEO last December. Since then, the tour has been searching for the right person, but the position has yet to be filled. The appointment of a CEO is part of a restructuring of the PGA Tour that included the creation of PGA Tour Enterprises as the business arm of the organization. All of this comes on the heels of a $1.5 billion investment in the tour from Strategic Sports Group. Since 2024, several top positions in the world of golf have changed hands for one reason or another. DP World Tour Commissioner Keith Pelley accepted a new position in his native Canada and was replaced by his former No. 2, Guy Kinnings. Meanwhile, the heads of the R&A and the LPGA Tour resigned their positions, with no permanent replacements yet named. The most talked-about case was that of LIV Golf founder Greg Norman, who was replaced as the leagues CEO by Scott O'Neal, whose business experience includes the NBA, NHL, NFL and other ventures. More Golf: CJ Cup Byron Nelson Field Takes a Hit as PGA Tour Star Withdraws
