Player's Black Knight to generate $36M in revenue

 

Most companies in the golf industry continue to sing the Great Recession blues, but not Gary Player’s.

Marc Player, the CEO of Black Knight International, tells Forbes that his father’s various golf endeavors will generate $36 million in revenues this year – way more than the $14 million he earned during his 60-year career as a professional golfer. About one-third of the money ($13 million) will come from corporate sponsorships, licensing deals and real estate ventures, Marc Player reports. The rest is said to be coming from Black Knight’s golf design division, which offers three levels of service priced from $1 million to $3 million.

As Forbes notes, the design division’s claim to $23 million in income is certain to raise eyebrows among golf course architects, whose fees have been drastically reduced in recent years. Without question, Player Design is busier these days than some of its rivals, but if a Gary Player “signature” layout can command $3 million in the international marketplace, then the firm’s main competition – Jack Nicklaus and Greg Norman primary among them – are going to have to drive a harder bargain.

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