JUPITER, Fla.--(BUSINESS WIRE)--Mar 27, 2026--
20 Majors, LLC, an investment group led by Jack Nicklaus, TWG Global and Nicklaus Brown, has completed acquisition of the businesses of Nicklaus Companies, LLC, a premier golf experience company Mr. Nicklaus founded over 50 years ago.
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The acquisition has reunited Mr. Nicklaus with the images and marks reflecting his extraordinary career, most notably the Golden Bear. It has also brought Mr. Nicklaus’ current design projects into Nicklaus Design, the company through which he had become one of the most honored and prolific golf course designers in the history of the game.
“I am truly pleased to join forces with TWG Global to market the Nicklaus brand and expand upon the great success of Nicklaus Design’s golf course design business,” Mr. Nicklaus said. “The opportunities are great and the future is bright.”
The association with Jack Nicklaus and his related brands is a notable addition to the growing portfolio of TWG Global and its principals, which includes the Los Angeles Dodgers, Los Angeles Lakers, Professional Women’s Hockey League, and Cadillac Formula 1 Team.
“While this moment is about the future,” Mr. Nicklaus added, “my family and I will be eternally grateful to our attorneys at Stearns Weaver Miller whose passionate advocacy on our behalf over the last four years made the seemingly impossible possible. Gene Stearns, Matt Buttrick, Cecila Simmons and Albert Lichy never stopped working and never stopped believing.”
About 20 Majors
For more than 50 years, the Nicklaus name and brand has been the gold standard in golf, delivering quality branded products and services on a global basis that mirror the high standards established in the career and life of its founder. 20 Majors’ business lines will continue to include golf-course design, golf and real estate community development, and the marketing and licensing of lifestyle products worldwide under the iconic Jack Nicklaus and Golden Bear brands. Nicklaus Design, recognized as the world leader in golf-course design, has created over 420 courses worldwide, open for play in 45 countries and 40 U.S. states.
About TWG Global
TWG Global is a diversified holding company that operates and invests in businesses with untapped potential and guides them to new levels of growth. TWG Global has interests across financial services, insurance, AI and technology, sports/media/entertainment and energy. The portfolio of TWG Global and its principals includes Guggenheim Investments, Guggenheim Securities, Group 1001 Insurance, and prominent sports properties such as the Los Angeles Dodgers, Los Angeles Lakers, Professional Women’s Hockey League, and Cadillac Formula 1 Team.
Jack Nicklaus
SAO PAULO (AP) — Brazil’s former President Jair Bolsonaro was discharged from a hospital in the capital on Friday to continue serving a 27-year sentence for a coup attempt at his residence in an upscale gated community.
The Supreme Court earlier in the week granted him the right of house imprisonment due to failing health. The measure could be revised within 90 days.
Bolsonaro left the hospital DF Star in Brasilia at around 10 a.m. local time and headed to the Jardim Botanico neighborhood, where he lived prior to his conviction with his wife, Michelle Bolsonaro, and his 15-year-old daughter, Laura.
The 71-year-old was hospitalized on March 13 for pneumonia, one of several health issues he has faced since he was stabbed by a man in 2018 before being elected president. He was put in intensive care for days due to kidney and inflammatory problems.
Bolsonaro governed between 2019 and 2022 and narrowly lost his reelection bid to current President Luiz Inácio Lula da Silva.
The former right-wing leader was accused of plotting with top aides to stay in office by decree despite the election loss, and was convicted of charges including attempted coup and attempted violent abolition of the democratic rule of law. He has denied wrongdoing and called the case a political witchhunt.
The former president started serving his sentence in November in a 12-square-meter room at the federal police headquarters, which included a bed, a private bathroom, air conditioning, a TV set and a desk. In January, he was transferred to a 54-square-meter room with a 10-square-meter outside area that he could access at will at the Papuda penitentiary.
Bolsonaro remains popular in Brazil and one of his sons, Sen. Flávio Bolsonaro, is in a competitive position against Lula in polls ahead of October’s presidential election. The former president is ineligible and will not be allowed to take a public role in any campaign.
In his ruling, Supreme Court Justice Alexandre de Moraes stressed that Bolsonaro’s transition to house arrest is conditional and that he could return to prison if he violates house imprisonment rules regardless of his medical condition.
Bolsonaro will wear an ankle monitor and is not allowed to communicate with anyone outside his home. He is not allowed to host visitors except for doctors, family members and his lawyers. Police will watch his house and protesters won’t be allowed to gather near it.
Law professor Marcelo Crespo of ESPM university in Sao Paulo said it is unusual for house imprisonment rulings like Bolsonaro’s to include a review after 90 days, but he said de Moraes was seeking “some middle ground by not granting house imprisonment for an undetermined period.” As recently as November, de Moraes deemed the former president to be a flight risk.
The 90-day review has drawn criticism from both sides of the political divide.
Bolsonaro’s family and allies, who consider de Moraes an adversary, have criticized the temporary nature of the house imprisonment. Detractors of the former president are also upset, saying he is receiving lenient treatment despite his long history of advocating for harsh penalties for convicts.
Bolsonaro’s shift to house arrest comes as de Moraes and his wife are entangled in a scandal involving the multibillion-dollar collapse of Banco Master, which was shut down in late 2025 by the Central Bank amid allegations of fraud involving businesspeople and politicians across the ideological spectrum.
De Moraes, who until recently was hailed as a hero by adversaries of the former president, has been under fire since January from both critics and allies of Bolsonaro over the justice’s ties to the bank, which have raised concerns over conflicts of interest. They include his wife’s former multimillion-dollar contract to provide legal services to the bank.
De Moraes has denied wrongdoing.
Political analyst Thomas Traumann, who has written books about Brazil’s political divisions, attributed de Moraes’ decision to grant Bolsonaro house imprisonment to political pressure over his links to the Banco Master scandal.
“If it were up to him alone, he wouldn’t let Bolsonaro go home,” Traumann said.
Traumann noted that Bolsonaro had health problems before going to prison, and that Brazil’s Supreme Court has always been close to politics. “De Moraes needed to show some good will,” he said.
Follow AP’s coverage of Latin America and the Caribbean at https://apnews.com/hub/latin-america
FILE - Brazil's former President Jair Bolsonaro, temporarily allowed out of house arrest for medical treatment, departs a hospital in Brasilia, Brazil, Sept. 14, 2025. (AP Photo/Eraldo Peres, File)
