Tiger Woods is set to receive a significant financial return from a 2015 investment in golf-simulator company Full Swing, with reports indicating a payout of up to $10.6 million. The company is being acquired by Versant, the parent company of Golf Channel, for $530 million. Woods, who holds an estimated 1-2% stake in Full Swing, stands to benefit substantially from this sale.
Full Swing has established endorsement partnerships with several prominent golfers, including PGA Tour stars Jordan Spieth and Xander Schauffele, as well as LIV golfers Jon Rahm and Dustin Johnson. The company also has agreements with NFL quarterbacks Patrick Mahomes and Josh Allen.
This financial good news comes after a challenging period for Woods. In March, the 50-year-old golfer was arrested on suspicion of driving under the influence near his Jupiter Island home. Woods has pleaded not guilty to the charges. Police reported finding two hydrocodone pills in his pocket and noted that his eyes were bloodshot and glassy. He refused a urine sample but blew clear on a breathalyzer test. Following the arrest, Woods entered a rehabilitation program in Switzerland to address medication management.
Woods returned to the public eye in late June, attending a PGA Tour press conference in Connecticut. During the conference, he expressed support for the tour's structural changes slated to take effect in 2028, emphasizing the importance of planning for future generations of players and fans.
Woods also made a temporary return to the U.S. in May, coinciding with his girlfriend Vanessa Trump's diagnosis with breast cancer. Trump, who is undergoing treatment, is the mother of five of the President's grandchildren from her previous marriage to Donald Trump Jr.
In other family news, Woods's teenage son Charlie recently topped a college golf money list with an estimated net worth of $3 million, while Trump's daughter Kai is also a successful golfer with an estimated $2.25 million in NIL deals.