Why did Woods and McIlroy open more businesses?

This season's PGA Tour came down on Aug. 28, when it found the FedEx Cup host at the Tour Championship grand final in Atlanta.

This season’s PGA Tour came down on Aug. 28, when it found the FedEx Cup host at the Tour Championship grand final in Atlanta.

LIV Golf Investments – host of the Invitational Series – will announce seven new recruits from the PGA Tour, including Australian golfer Cameron Smith, who is ranked second in the world, and Hideki Matsuyama, who holds the 2021 Masters in eight U.S. first-class golf championships.

Despite having their own company, Tiger Woods, Rory McIlroy and businessman Mike McCarley founded TMRW Sports, supporting the PGA Tour to compete with the LIV Golf Invitational Series.

TMRW launches 8/23. This business will launch high-tech products or services in the sports, media and entertainment industries.

Specific areas of activity have not been announced but golf is expected to be a key business segment through the expertise of the founders.

In the Board structure, McCarley will direct TMRW. He served as president of NBC’s sports channel team.

Prior to TMRW, Woods had multidisciplinary business, from course design, dining, training equipment to the high-end golf-entertainment complex where McIlroy has been involved in investing over the past few years.

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