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After 20,000 hours in the cockpit, 81-year-old Arnold Palmer does not renew his USGA executive director, will retain U.S. Open course set-up duties...Nature Valley


Shag Bag


Titleist for Sale


Have some extra money and want to own a piece of the golf industry? Fortune Brands has its golf businesses —Titleist and FootJoy— for sale.


At press time, initial takeover bids for the companies, which had revenue of $1.24 billion and operat- ing income of about $80.2 million in 2010, were being reviewed. Fortune, maker of Jim Beam bourbon and Sauza tequila, is seeking to separate its disparate busi- nesses in an effort to appease inves- tors. Fortune is also selling its home products division, which makes Si-


monton windows and Moen faucets. TITLEIST and FOOTJOY have domi- nated the wedge, putter, shoe, and, in particular, golf ball markets for many years. Rumored potential buyers include Nike, adidas and Cleveland among other private equity fi rms. At stake are more than just the companies themselves; the ubiquitous Titleist Pro V1 ball’s patents will elevate the buyer into an enviable position in the golf equipment marketplace.


For the latest golf news visit ncga.org


18 / NCGA.ORG / SPRING 2011


TIGER’S NEW HOME


Living Large TIGER WOODS is no longer the


world’s number one golfer but he has moved into his dream home. Five years ago Woods acquired


a 12-acre compound on Jupiter Island, Florida for $44.5 million. After a complete teardown of ex- isting buildings on four properties, the 10,000-square-foot home took more than three years to build and is move-in ready. The estate is located between


the Intracoastal Waterway and the Atlantic Ocean and includes a tennis court, 100-foot lap pool, two boat docks, running track, 5,700-square-foot fi tness center and an oxygen-ther- apy room among other amenities. Practice holes with bunkers in


new practice facility. It’s phenom- enal. Working with my team, I designed the short-game facility and oversaw its construc- tion. It features four greens, six bunkers with different depths and kinds of sand, a video center and a putting studio. If no wind is blowing, the longest club I can hit is a 7-iron. It’s also set up so I can hit shots out of my second- story studio.” While Tiger leaves several


“It’s also set up so I can hit shots out of my second-story studio.”


professional athletes behind in his former neighborhood, the gated


the backyard will allow the range rat to continue to work on his game. “I’ll be moving into my new home,” Woods wrote recently in his blog. “I’m excited about that and even more excited about my


Isleworth in Orlando, he won’t be the only major winner in his new neighborhood; Greg Norman and Nick Price are current residents on the upscale Florida island.


The estimated value of the


mansion is $80 million; living large for the 35-year-old comes with a hefty tax bill of $595,797.


Click here to see photos and analysis of Tiger Woods Jupiter Island home and his PGA National real estate sports practice facility. Photos and further analysis from Jeff & Cary Lichtenstein, marketing Loxahatchee River homes for sale and BallenIsles real estate.


PHOTO: JEFFREALTY.COM

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