Who owns Topgolf?
Topgolf is not wholly owned by any single company recorded here: Callaway Golf (the United States, NYSE: CALY) holds a 40% stake.[1] Callaway completed a merger with Topgolf in 2021 and, effective 1 January 2026, sold a 60% interest in the Topgolf and Toptracer businesses to funds managed by Leonard Green & Partners; it retained 40%, accounted for under the equity method.
Evidence: Callaway Golf Company Annual Report on Form 10-K filed 2026-02-27, SEC EDGAR, 27 February 2026. Verified from filings; last checked .
Key facts
- Largest stakeholder
- Callaway Golf Company (40% stake) verified
- Headquarters
- 🇺🇸 United States, Carlsbad, California
- Origin
- 🇺🇸 United States
- Category
- Media & entertainment › Live & sport › Live events & ticketing
- Parent ticker
- NYSE: CALY
- Last verified
- · 1 sources
About Topgolf
Topgolf is a technology-enabled golf entertainment business whose venues combine golf, food and events, and whose Toptracer ball-tracking technology is sold separately. Callaway's 10-K says it merged with Topgolf in 2021, then sold a 60% interest in Topgolf and Toptracer to funds managed by Leonard Green & Partners effective 1 January 2026, keeping a 40% equity-method interest.
Ownership timeline of Topgolf
Where Topgolf sits in Callaway Golf
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full Callaway Golf ownership tree →
See the full Callaway Golf brand portfolio (4) →
Other brands owned by Callaway Golf
Callaway Golf controls 5 brands on Brandtree.
Other brands in live events & ticketing, and who owns them
The 37 brands in live events & ticketing on Brandtree belong to 19 owners. The largest is CTS Eventim, with 9.
| Brand | Owner | Owner based in |
|---|---|---|
| Eventim Apollo | CTS Eventim | 🇩🇪 Germany |
| Beacon Theatre | MSG Entertainment | 🇺🇸 United States |
| Casino de Monte-Carlo | Monte-Carlo SBM | 🇲🇨 Monaco |
| Playdium | Cineplex | 🇨🇦 Canada |
| KCON | CJ ENM | 🇰🇷 South Korea |
| Live Nation Concerts | Live Nation | 🇺🇸 United States |
| AMF | Lucky Strike Entertainment | 🇺🇸 United States |
| The Battery Atlanta | Atlanta Braves Holdings | 🇺🇸 United States |
About the owner: Callaway Golf
Callaway Golf is a publicly listed company headquartered in Carlsbad, California, United States, founded in 1982.
Callaway Golf Company was incorporated in California in 1982, listed on the New York Stock Exchange in 1992 and reincorporated in Delaware in 1999. It was called Topgolf Callaway Brands Corp. from September 2022 until 15 January 2026, after it sold Jack Wolfskin in May 2025 and 60% of Topgolf to funds managed by Leonard Green & Partners effective 1 January 2026. Its 10-K for 2025 says the ongoing portfolio is Callaway Golf, Odyssey, TravisMathew and OGIO, plus a 40% interest in Topgolf.
Callaway Golf: full profile, brands and acquisition history →
🇺🇸 Topgolf and other American brands
Brandtree records a controlling owner for 2,549 brands that began in the United States. 478 of them (19%) are now controlled by a company headquartered in another country; Topgolf is not one of them.
- 20th Century Studios — Disney 🇺🇸
- AMC — AMC Networks 🇺🇸
- AMC Theatres — AMC Theatres 🇺🇸
- AMF — Lucky Strike Entertainment 🇺🇸
- Adventure Island — United Parks 🇺🇸
- Antenna TV — Nexstar 🇺🇸
Frequently asked questions
Who owns Topgolf?
No single company recorded here owns Topgolf outright. Callaway Golf holds a 40% stake.
Does Callaway Golf control Topgolf?
Not on the shareholding alone: a 40% holding is not a majority. Callaway completed a merger with Topgolf in 2021 and, effective 1 January 2026, sold a 60% interest in the Topgolf and Toptracer businesses to funds managed by Leonard Green & Partners; it retained 40%, accounted for under the equity method.
Where did Topgolf come from?
Topgolf originated in the United States.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Callaway Golf Company Annual Report on Form 10-K filed 2026-02-27 — SEC EDGAR, SEC Form 10-K, published 27 February 2026; retrieved 20 October 2026.
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