Callaway squash sale rumours with extraordinary statement

Golf 365

Callaway squash sale rumours with extraordinary statement

After reports that Topgolf Callaway’s three largest investors are out to sell their ownership stakes and management rights, the company has come forward to squash the rumours. The Chosun Daily ran the report that Topgolf Callaway could be sold off, sparking market activity. In turn that market activity has drawn a response from Callaway, who are among golf’s top brands. The largest shareholders are BlackRock Advisors LLC, Providence Equity Partn…