Hi fellow golfers,
I have a nephew who is a tremendous golfer (3 handicapper) and he's only 15! I've been pushing him to start competing in local amatuer golf tournaments and he has been doing quite well in them (last 10 finishes all in the top 5). As I am the only other golf mad member of our extended family, I'm trying to convince his parents to invest in his pro career in the future. I have a few questions regd the economics:
- What is the best way to pick an agent?
- Does sponser money usually cover travel, caddy fees etc...?
- I have heard that there are quite a few pro golfers that effectively sell shares in themselves to private investors. Is this true? If so, are there a known set of ppl who provide these services? Is there a standard return on interst rate?
Any help would be greatly appreciated!
Many thanks!