PALM BEACH COUNTY, Fla.--(BUSINESS WIRE)--May 4, 2026--
Jack Nicklaus, his family and TWG Global announced today NOKOSI: A Nicklaus Family Club, an exclusive new private club situated in central Palm Beach County, Florida. A resident of South Florida for almost 60 years, Nicklaus again gets to leave his thumbprint on the region with a fully reimagined golf, lifestyle, and wellness destination.
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NOKOSI represents the first project to be completed by a newly formed development group led by Gary Nicklaus and the Nicklaus family alongside TWG Global, a diversified holding company. Developed by the Nicklaus family, NOKOSI will transform the former Sherbrooke Golf & Country Club into a premier private club experience, located just 20 minutes from Palm Beach International Airport.
Golf course construction is currently underway and play on the new NOKOSI layout is anticipated to begin in late 2026. Clubhouse and amenity construction is scheduled to begin in fall of 2026.
“Palm Beach County has been home to our family for close to 60 years, and where Barbara and I have raised our five children, most of our 24 grandchildren, as well as our nine great-grandchildren—with number 10 on the way,” said Jack Nicklaus. “NOKOSI is very personal to us, because it is inspired and driven by our lifelong commitment to family. It is about creating a place where families can come together around great golf, great friendships, and a club culture built to last for generations.”
Championship-Quality Golf by Jack Nicklaus
At the heart of NOKOSI is a completely redesigned golf course, personally crafted by Jack Nicklaus. NOKOSI will draw on Nicklaus’ experiences as golf’s greatest champion (winner of a record 20 major championships, including two U.S. Amateur titles), as well as his expertise in designing 325 golf courses, including some of the most celebrated courses in the world. The NOKOSI golf experience will feature strategic shot values and a layout shaped by Jack’s long-standing approach to creating aesthetically pleasing courses that reward thoughtful play while remaining fair, enjoyable and memorable.
The course will be complemented by expansive practice facilities, advanced instruction programs, and a full-service professional staff dedicated to player development and member experience.
A Modern Private Club Experience with World-Class Wellness
Beyond golf, NOKOSI is being developed as a full-spectrum private club with a focus on hospitality, lifestyle, and family engagement, anchored by state-of-the-art health and wellness amenities designed to support active, long-term living.
Plans include:
Wellness and performance will be an integral part of the member experience, with programming designed to complement golf and support vitality across all stages of life.
NOKOSI will operate as a strictly private club, with a limited membership, emphasizing family, quality of experience, and long-term relationships.
“We’re building the kind of club where members don’t just come to play golf — they come to spend time, connect, and invest in their long-term lifestyle,” said Gary Nicklaus, who is overseeing operations and development. “Everything is being designed with the long-term member experience in mind.”
About NOKOSI: A Nicklaus Family Club
NOKOSI is a private club in Palm Beach County created by the Nicklaus family, offering a championship-caliber golf course designed by Jack Nicklaus, alongside elevated clubhouse amenities, hospitality, and world-class wellness programming. Designed to serve individuals and families who value exceptional golf and a holistic private club environment, NOKOSI reflects the Nicklaus family’s longstanding connection to the region and commitment to excellence in club development.
For membership information, visit www.nokosipalmbeach.com.
Jack Nicklaus Unveils NOKOSI: A New Nicklaus Family Private Club in Palm Beach County
NEW YORK (AP) — The U.S. stock market is holding tentatively near its record heights Monday, while oil prices climb with uncertainty about when oil tankers can resume crossing the Strait of Hormuz and restore the world’s flow of crude. Dueling claims about a possible Iranian strike on a U.S. Navy vessel in the strait heightened the tensions.
The S&P 500 slipped 0.1%, coming off its latest all-time high. The Dow Jones Industrial Average was down 216 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was up 0.1%.
The action was stronger in the oil market, where the price for a barrel of Brent crude climbed 2% to $110.37 and briefly topped $114 during the morning. Iran’s closure of the Strait of Hormuz due to its war with the United States has kept oil tankers pent up in the Persian Gulf and away from customers worldwide. That in turn has sent the price of Brent soaring from roughly $70 per barrel before the war.
President Donald Trump said Sunday that the United States would guide ships through the strait, which could get oil flowing again and bring down its price. But prices instead climbed after Iranian news agencies claimed Monday that Iran had struck a U.S. Navy vessel southeast of the Strait of Hormuz, accusing it of “violating maritime security and navigation norms.”
The U.S. military quickly rejected the claims and later said two American-flagged merchant ships had “successfully transited through the Strait of Hormuz.”
Even with all the uncertainty about how long the war with Iran will last, the U.S. stock market has managed to power to record after record. Hope is still high on Wall Street that the global economy can avoid a worst-case scenario because of the war. And in the meantime, companies continue to deliver big growth in profits.
Tyson Foods joined the list Monday, topping analysts’ expectations for both profit and revenue during the latest quarter. It sold less beef than it did a year ago, but it did so at prices that were 11.5% higher, so its total beef revenue edged up. After initially rising, its stock swung lower and was down 2.2%.
Norwegian Cruise Line Holdings likewise delivered better profit for the latest quarter than analysts expected. But it’s feeling the effects of the war, which has not only raised pressure on fuel prices but also pushed some customers to think twice about travel plans, particularly to Europe. The cruise operator said some “execution missteps” also have bookings below where it would like.
Its stock fell 4.7%.
Jumping to one of Wall Street’s biggest gains was eBay, which climbed 5.6% after GameStop said it wanted to buy its much bigger rival for $125 per share in cash and stock. Coming into the day, eBay had a total market value that was nearly quadruple GameStop’s.
GameStop said it has already built a 5% stake in eBay and sees opportunities to cut $2 billion in annual costs quickly. GameStop, whose stock briefly soared to market-shaking heights during the meme stock craze of 2021, fell 4%.
In stock markets abroad, indexes jumped 5.1% in South Korea and 1.2% in Hong Kong, while markets were closed in mainland China and Japan for holidays.
European indexes fared worse, with France’s CAC 40 falling 1%.
In the bond market, Treasury yield edged up as oil prices climbed. The yield on the 10-year Treasury rose to 4.41% from 4.39% late Friday.
AP Business Writers Matt Ott and Elaine Kurtenbach contributed.
Options trader Anthony Spina, foreground, works on the floor of the New York Stock Exchange, Thursday, April 30, 2026. (AP Photo/Richard Drew)
A tanker, left, and a car carrier are anchored at sea in the Gulf of Oman near the Strait of Hormuz, as seen from the coast near Khor Fakkan, United Arab Emirates, Friday, May 1, 2026.(AP Photo/Fatima Shbair)
Options trader, left to right, Scott Frinzi, Dave Rushand and Marty Handler, work on the floor of the New York Stock Exchange, Friday, May 1, 2026. (AP Photo/Richard Drew)
Trader Derek Orth works on the floor of the New York Stock Exchange, Thursday, April 30, 2026. (AP Photo/Richard Drew)
A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Monday, May 4, 2026. (AP Photo/Lee Jin-man)
The screen showing the foreign exchange rate between U.S. dollar and South Korean won is seen at a dealing room of Hana Bank in Seoul, South Korea, Monday, May 4, 2026. (AP Photo/Lee Jin-man)
Dealers watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Monday, May 4, 2026. (AP Photo/Lee Jin-man)
A dealer watches computer monitors at a dealing room of Hana Bank in Seoul, South Korea, Monday, May 4, 2026. (AP Photo/Lee Jin-man)
