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Topgolf ONCE WAS incredible for the game of Golf. Allowing EVERYONE to experience it, but recently has declined… WHY?
#golf #golfstagram #golfing #golfaddict #golfers #golfswing #golftips #golfcoach #fyp
Transcript
Topgolf has experienced the worst fall off we've ever seen in the sports industry. A company that was so great for the game of good. They put a modern twist on the everyday driving range with new technology, a place to hang out with friends, eat, drink. It was so valuable to the game. So much so that Callaway, one of the world's largest golf brands, acquired Topgolf in 2020 for $2,000,000,000, billion with a b. Topgolf grew rapidly. They started in The United Kingdom in the year 2000 and today have over 100 locations worldwide. Also, if you like golf content like this, make sure you're following. But the rapid decline of Topgolf over the last five years has led to Callaway's realization that they invested into a rank, ultimately leading them to selling 60% of Topgolf Callaway to a private equity firm for a major loss. And this graph explains Topgolf's problem perfectly. They get customers in the door one time and then never get them bad. And I think we all know why, but I wanna hear your thoughts.