Williams sisters invest in golf with franchise ownership in Tiger Woods’ new competition

CNN  — 

Together, they conquered tennis. Now, Serena and Venus Williams are turning their talents to golf.

A head-spinning week of revelations in the golf world continued Thursday as the Williams sisters’ Los Angeles Golf Club (LAGC) were announced as the first franchise of the TGL – Tiger Woods and Rory McIlroy’s tech-infused stadium golf competition set to launch in January 2024.

LAGC’s ownership group will be formed of the two sisters and Serena’s husband Alexis Ohanian, co-founder of Reddit, a statement from Ohanian and TGL CEO Mike McCarley said.

It will mark the second Los Angeles sports franchise owned by Ohanian, who is the principal owner and founding investor of National Women’s Soccer League franchise Angel City FC.

LAGC is the first of six franchises set to compete in the TGL, a competition formed in partnership with the PGA Tour.

The TGL is set to launch in January 2024.

On Twitter, Ohanian announced that his and Williams’ daughter, Alexis Olympia Ohanian Jr., would be a co-owner in LAGC.

With Olympia also among the ownership group for Angel City FC, Ohanian declared the five-year-old to be both “the youngest owner in professional sports” and “now the youngest 2-team owner in professional sports.”

Ohanian is the co-founder of Reddit.

After Williams confirmed she was pregnant with the couple’s second child in May, Ohanian added that Olympia’s future sibling would join her in LAGC ownership.

“To wit, my wife Serena and I are delighted that Olympia has taken a liking to golf, so I’m proud to announce that they’re both owners in this club as well – as is the little one on the way,” he said in a statement.

“This is another piece of the legacy I’m building with my family, and I hope LAGC can become a part of many other families’ lives too.”

The announcement arrives in the wake of the