Former world number one Rory McIlroy has reportedly invested in a golf course management company.
According to Golfweek, McIlroy's investment fund TPG and Symphony Ventures have signed an agreement with the company Troon which will receive significant investment.
Reportedly, the deal is expected to close next month. No details of how much it is worth have been made public.
McIlroy, 32, is the lead partner of Symphony Ventures which was founded in 2019. "I am delighted to invest in the Troon business, as they continue to deliver great golf experiences," he said in a media release. "They really understand what makes golf special."
Troon manages more than 640 courses around the globe. "Today's announcement is an exciting milestone for our company and we are incredibly proud to welcome TPG and Rory to the Troon family," said CEO Tim Schantz.
"Golfers are at the core of everything we do at Troon, and over the years we have built a business that combines deep industry expertise with hospitality-caliber customer service to help our clients create first-class experiences for their customers, members and guests."
McIlroy has arrived in Dubai ahead of this weeks DP World Tour Championship, the final event of the European Tour season. He's playing alongside South Africa's Dean Burmester in the first round. The Northern Irishman is ranked 20th in the Race to Dubai standings. Jon Rahm has withdrawn from the tournament. Collin Morikawa is the points leader and the favourite to win the order of merit.