The creator analyzes the economics of Mike Trout's new golf course, breaking down the construction costs, membership fees, and member cap to determine its profitability. He argues that rather than a traditional revenue model, the course functions as a capital network for elite investors, acting like a private equity firm.
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Top-5 bucket list course, and I’m wearing the jersey.
Mike Trout’s Trout national golf course was recently completed at a total cost of $100 million at only 227 limited members at a given time paying $250,000 a year. It would take the course 20 to 25 years to break even before any other miscellaneous costs or events.
Do you believe this has the capability to become one of golf most exclusive clubs?
#miketrout #golfcourse #troutnational #trout #tigerwoods
Transcript
This is insane. You're looking at Mike Trout's new 280 acre golf course and you will not believe what he has to make to break even on this. Mike just finished construction on Trout National that was designed by hand by Tiger Woods himself. And the cost alone to take this old sand mine and turn it into a luxury golf playground in the heart of New Jersey was a $100,000,000. Now here's where the numbers get even crazier because the economics on this are nuts. So the club is maxed out at only having 227 members at a given time, which is a nice nod to Mike's future hall of fame jersey number. And the membership fee to be a part of Tri National is only 250,000, which means the worse upfront is collecting $56,000,000. But that's not the craziest part. See, to break even still, they would have to do these numbers for roughly twenty years. Now some may argue this, but this course is definitely acting more like a capital network than a place to play. Clubs like this are like mini private equity firms because they're getting a small group of elite investors to cough up money for access, liquidity, and leverage through relationships. So is TriNet National actually profitable? Good, not in the greens fees, but this is definitely the asset that everyone on Wall Street wishes they rank underwrite. Biggest question here is if you had the 250 k, let me know down below if you would actually pay it to be part of this club and follow for more.
