Buying shares of a pro?
Posted 12 February 2018 - 11:09 PM
The best way to connect with a pro who might be seeking backers would probably be to show up to a mini-tour event and just start asking players if they want money lol.
Edited by mjen43, 12 February 2018 - 11:22 PM.
Posted 12 February 2018 - 11:19 PM
Posted 13 February 2018 - 01:38 AM
Posted 13 February 2018 - 03:07 AM
Posted 13 February 2018 - 03:43 AM
I have seen some looking for as little as £100 per share. For that most of them arrange some sort of golf day where you get exposure to them and sometimes a group of other mini tour players, a round of golf and some food and drinks during the day (usually put on by their home or attached club). I was always tempted to do it to just to see how a day like that would be.
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Posted 13 February 2018 - 06:57 AM
He won a couple of weeks ago and should be back on the tour next year which will make his investors very happy I would think.
Posted 13 February 2018 - 07:10 AM
The most famous player investment is probably Kenny Perry. He wanted to try q school one last time and offered a deal to a business man in his hometown. This guy gave him the money with the provision that if Perry made it that he donate 5% of all future prize money to Lipscomb University in Nashville.
5% of Kenny Perry since the mid 80s is pretty serious cash.
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Posted 13 February 2018 - 07:37 AM
The reason we did the deal as shares was to get something contractual that could be used for my Companys accounting. Something the golf pro could send an invoice against. At no point did I look at it as a good or even remotely good investment. Of course it could have been awesome if he had won some money. But to have been part of the success would have been the best gain, had there been a success.
Alternately I could sponsor the guy but that would require somewhere to put my Companys logo which would then add more expenses for clothing, embroydering, web-sites or something like that. Thes Expenses would be a complete waste as I highly doubt there would be any PR-value for my company showing my logo for the 2 spectators that looked at these events. Then better spent all the budget in direct support.
Just to emphasize. Do this because you want to support someone. Don't for at minute think it could be good ROI.
Posted 13 February 2018 - 08:32 AM
Posted 13 February 2018 - 09:10 AM
Posted 13 February 2018 - 10:07 AM
There are gofundme pages for mini tour LPGA and PGA prospects.
Although this isn't a bi-lateral contract, but I'm sure if you contacted them through a private message you could set something up.
Posted 13 February 2018 - 06:32 PM
To answer you question as far as where to find these types of players, most were found through people who knew about them from our club or they spent time there working or playing. That or you can go and watch the state open or any large small professional event that may be in your area.
Remember there is very little likelihood that you are going to make any money and professional golf isn't cheap to finance, as several members on this board who are currently playing or used to play can tell you all about.
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Posted 13 February 2018 - 10:09 PM
He sold "shares" which were a high dollar amount, some times people went in a group to buy one share. It was a 3 year contract and most of his winnings went back to the support team. His swing coach got 3%, then the next % (I think 75) went to support team, until such time as his total amount of money fell to a dollar amount in the contract. Once that happened all his winnings went back to that account so he could continue to compete.
The 3 years is up, those of us who bought in early got I think more than 1/2 our money back but the nice thing is, no one was really in it to make money. Everyone just wanted to support him because of his dedication, his character and because they liked him. One guy I met who bought 2 shares told me before it even started was "he didn't care if he made any money back, he could afford it and he was happy to help him out".
I can tell you that without people like that things would be totally different. Because people supported him he was able to just focus on golf, he didn't need a side job to help expenses. He is very frugal so he was respectful and careful with the money he had. But I can also tell you that there is a lot of things that have to go well for success.. It isn't just about discipline and hard work, there is some luck involved too. It's all about timing, you have to have your A game on those crucial days of the dreaded Q school!! One year in stage 2 he played with bronchitis.. I was watching it was awful.. he was coughing his lungs up and giving it his best but Im sorry that is just not possible when you can hardly walk and breathe.. (that sucked).. The year he got to finals and received conditional web status he got food poisoning the day before the tournament and was throwing up profusely. Also not awesome. He managed to put in a decent round next day but just didn't have his A game for the next 3.
That being said, he has had quite a bit of success in comparison to his circle of pro friends. 3 years straight he was competing on PGA tour in Canada (MacKenzie tour) and although he didn't do as well as he hoped he is the only on of his peer group to even get on the tour.. (its that hard!!)
He started off last year great and has one about 15K in first 3 months then his play dropped a bit and he was fighting his swing and his head a bit. As you know its difficult to have confidence when you are not where you think you should be and so starts the slippery slope of struggles.
Its hard to be a golfers mom, you can't do much other than watch and hope and pray. He is still at it, this is year 4, he is totally on his own dime now and his contract with Nike came to a close after 3 years so he's really on his own.. Taylormade did take him on however in their developmental team so he can get needs met from there, but he doesn't ask for much. If you want to get a glimpse of what his life has been like you can read his thread..
I can also say that the golf community is generous and kind and there have been so many people all over the US and Canada that have helped him out, whether it be a place to stay, a gift card for food, a caddy loop without a fee, etc.. many many people to thank from this venue alone who have reached out and helped him. Golfers are good people. If you feel compelled to help a young pro out and you can afford to do it, by all means do it.. I can assure you from our experience the gratitude is deep..
Just ballpark how much money wise do these guys need to keep going throughout a year? Would 100k be enough for a year?
Nice write up Mrs. Mom ! Thanks for the info, very informative.
Posted 13 February 2018 - 10:14 PM
Posted 13 February 2018 - 10:21 PM
Posted 14 February 2018 - 12:39 AM
I travel a ton and a AAA card gives you awesome rates on rooms. Maybe write a guide blog for other tour players. Carpool and stuff. I gamed the Marriott system and got Platinum status and one of their credit cards. That is a nice feature with Marriott.
Sorry, just excited cuz this is a cool topic.
Edited by BB28403, 14 February 2018 - 12:40 AM.
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