Golf continues to be a preferred participation sport for thousands and thousands of Individuals, as a record-setting 47.2 million Individuals age 6 or above performed golf on-course or off-course in 2024, in accordance with the Nationwide Golf Basis.
The game’s recognition was obvious this week as world-renowned golf model Topgolf Callaway Manufacturers Corp. revealed that it signed an settlement to promote a 60% stake in its Topgolf and Toptracer enterprise to non-public fairness funds managed by Leonard Inexperienced & Companions for about $1.1 billion, in accordance with a Nov. 18 assertion.
Topgolf Callaway operates over 100 Topgolf high-tech driving ranges, with eating places and bars.
Golf companies file for chapter
The golf business hasn’t been an entire success, nevertheless, as a number of golf companies have filed for Chapter 11 safety in 2025. Among the many chapter filings was PinSeekers DeForest, a DeForest, Wis., competitor of Topgolf, which filed for Chapter 11 in February 2025. The corporate operates a Pinseekers hybrid-golf leisure venue.
Among the many notable golf course chapter filings this 12 months have been Meadows Nation Membership in Sarasota, Fla., which filed for Chapter 7 liquidation in July, Enterprise Observer reported.
Additionally, Wohali Land Estates LLC’s golf course and luxurious house challenge in Coalville, Utah, filed for Chapter 11 chapter in August with about $13 million in debt, The Park Report reported.
And now one of many greatest names within the golf business is submitting for chapter.
Nicklaus Corporations information for Chapter 11 safety after dropping a lawsuit verdict.
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Nicklaus Corporations information for chapter safety
Nicklaus Corporations LLC, the long-lasting golf-course designer and developer of golf and actual property communities, filed for Chapter 11 chapter safety after dropping a $50 million damages judgment in a lawsuit filed in opposition to the corporate by founder, former co-chair, and golf legend Jack Nicklaus.
The Palm Seaside Gardens, Fla., debtor and 11 associates filed their petition within the U.S. Chapter Court docket for the District of Delaware on Nov. 21, itemizing $10 million to $50 million in belongings and $500 million to $1 billion in liabilities.
Nicklaus Corporations filed for chapter to guard its workers, shoppers, and enterprise operations because it proactively addresses its long-term funded indebtedness and different liabilities, the corporate mentioned in a press release.
The debtor listed its largest unsecured collectors in its petition, together with Integrato LLC, owed over $47,000; Stream Dynamics LLC, owed over $36,000; Golf Home Spa, owed over $35,000; Meridian Air Constitution, owed over $32,000; Generational Fairness, owed $20,000; Jeffrey Kao, owed over $16,000; and Financial institution Price LLC, owed over $5,000.
The debtor didn’t checklist the Jack Nicklaus plaintiffs’ $50 million judgment as an unsecured debt within the petition.
Nicklaus Corporations prime unsecured collectors
- Integrato LLC, owed over $47,000
- Stream Dynamics LLC, owed over $36,000
- Golf Home Spa, owed over $35,000
- Meridian Air Constitution, owed over $32,000
- Generational Fairness, owed $20,000
- Jeffrey Kao, owed over $16,000
- Financial institution Price LLC, owed over $5,000
Nicklaus Corporations disputes the lawsuit verdict and can search an enchantment, the corporate mentioned. It can additionally pursue debtor-in-possession financing to fund firm operations and its chapter case.
“We take this step to protect our brand, our client relationships, and — most importantly — our employees,” Nicklaus Corporations CEO Phil Cotton mentioned in a press release. “We are dedicated to protecting the brand and continuing to offer the highest standard of service to our clients all over the world.”
Jack Nicklaus wins defamation lawsuit verdict
Jack Nicklaus received a $50 million defamation lawsuit verdict in opposition to the Nicklaus Corporations on Oct. 20, alleging that the defendants had falsely insinuated that the golf legend had entertained a $750 million provide to change into the general public face of the Saudi Arabian LIV Golf League and unfold the fabrications to media organizations, Golf Digest reported.
Nicklaus additionally accused the defendants in courtroom papers of suggesting he lacked psychological capability to handle his affairs and had dementia, the report mentioned.
Extra chapter:
- 34-year-old informal eating chain information for Chapter 11 chapter
- Main seafood firm information for Chapter 11 chapter
- 55-year-old ladies’s style firm information Chapter 11 chapter
Along with its golf course designing and golf and actual property neighborhood developments, Nicklaus Corporations markets and licenses merchandise worldwide underneath the Jack Nicklaus and Golden Bear manufacturers.
Affiliate Nicklaus Design has created over 420 golf programs in 45 international locations and 40 U.S. states, in accordance with the corporate web site.
Nicklaus Corporations lists 26 model companions on its web site.
Nicklaus Corporations model companions
- 8am Golf
- Forward USA headware
- AriZona Drinks
- Atlus Turf
- The Bear’s Den at Reunion
- Boxto
- Delaware North
- EZGO
- FH Wadsworth
- Full Swing
- Golf Journal
- Jack Nicklaus Attire
- Kolon Industries
- Kosugi
- Miura
- Perry Ellis Worldwide
- Pet IQ
- Non-public MembershipHistoric
- Smathers & Branson
- Southwest Greens
- Stix Jack Nicklaus
- Terlato Wines
- The Memorial Event
- Toro
- Vice Golf
- Wyld Gear
The corporate most lately accomplished an almost $10 million restoration and reopening of Desert Highlands within the Sonoran Desert of North Scottsdale, Ariz., in accordance with a Nov. 20 assertion.
Desert Highlands was the unique house of PGA golf exhibition The Skins Recreation, when it debuted in 1983. The Skins Recreation will return for the primary time since 2008 at Panther Nationwide in South Florida on Nov. 28, 2025.
Associated: Important well being care chain information for Chapter 11 chapter
