Legendary golf course company files Chapter 11 bankruptcy

Industry Overview - Golf remains a popular sport in the U.S., with a record 47.2 million Americans aged 6 and above participating in 2024 [1] - The golf industry is experiencing a mix of growth and challenges, highlighted by significant investments and bankruptcies [2][3] Company Developments - Topgolf Callaway Brands Corp. has signed an agreement to sell a 60% stake in its Topgolf and Toptracer business to private equity funds for approximately $1.1 billion [2] - Nicklaus Companies LLC, a prominent golf-course designer, filed for Chapter 11 bankruptcy protection after a $50 million damages judgment in a lawsuit [5] - The bankruptcy filing by Nicklaus Companies includes assets between $10 million to $50 million and liabilities ranging from $500 million to $1 billion [6] Bankruptcy Filings - Several golf businesses have filed for Chapter 11 protection in 2025, including PinSeekers DeForest, which operates a hybrid-golf entertainment venue [3] - Notable golf course bankruptcies include Meadows Country Club in Florida, which filed for Chapter 7 liquidation, and Wohali Land Estates LLC's golf course in Utah, which filed for Chapter 11 with approximately $13 million in debt [4]