Ringoblack
Might very well be true. He might simply be a wealthy diehard golfer and saw an opportunity to put a brand in the sport designated with his name and the money to develop/promote it.
Honestly, I wouldn't otherwise know who this guy is from my neighbor three blocks down the road from me who I've never met.
And I wish him well... not against capitalism. In the end, I just think he's a wealthy guy with a hobby and has enough money to bring him some attention within the sport he loves. Nothing wrong with that. It's his money.
Just don't see a business model catering to elite players specifically as a long-term endeavor. I think he'll be like the guys who took over the Hogan brand... eventually the investments enormously outweigh the revenues/rewards and the plug is pulled, no matter how sincere the intentions are.
The golf business isn't something that any savvy, revenue-seeking individual would become involved with imo. Too many examples out there showing that it's a losing proposition imo.