Why Apollo Is Making a $1.1 Billion Wager on Golf

The video discusses the economic aspects of golf courses, focusing on the role of private equity in sustaining them. It highlights the importance of membership fees and recurring revenue, and the strategic approach of private equity firms in making contrarian bets. The video also explores the diversification of clubs into dining and social spaces, emphasizing the continued desire for social interaction despite digital trends.

What is one reason private equity buyers find golf course memberships attractive?

• They offer a chance to play golf for free.

• They provide ongoing recurring revenue.

• They are easy to sell to new members.

• They require minimal maintenance costs.

How is the business model of golf courses compared in the transcript?

• As a tech startup.

• As a traditional retail store.

• As a co-op.

• As a government entity.

What is a key strategy for private equity firms investing in golf courses?

• Making contrarian bets and selling within 5 to 7 years.

• Ensuring golf remains popular indefinitely.

• Focusing solely on golf courses.

• Avoiding any form of public offering.

Besides golf, what other types of clubs does Clubcorp offer?

• Online gaming communities.

• Art galleries and museums.

• Dining and social clubs.

• Tech clubs and coding workshops.

What trend in the fitness industry is mentioned as similar to the social aspect of Clubcorp's offerings?

• The decline of traditional gyms.

• The popularity of virtual reality gyms.

• The rise of home workout apps.

• The growth of boutique fitness and group classes.