Club Champion to purchase TXG

[cnosil]

Read on another forum that tomorrow there  will be an announcement that TXG is being bought by Club Champion.   Club champion Instagram story seems to hint at this as well.  No info on impacts but it is definitely interesting especially with the reputation of the two companies. 

[PMookie]

Wow!!! Going to be interesting to see if this affects Ian’s and Matt’s YouTube productions, and if it changes their “honesty” when reviewing clubs…

[GolfSpy_APH]

28 minutes ago, cnosil said:

Read on another forum that tomorrow there  will be an announcement that TXG is being bought by Club Champion.   Club champion Instagram story seems to hint at this as well.  No info on impacts but it is definitely interesting especially with the reputation of the two companies. 

Having had zero experience with Club Champion I would love to hear how you all think it would effect TXG? 

My first thought is that TXG is willing to sell and hopefully keep their brand, but hopefully with a large company backing them they can further look to expand into more areas and more stores? Keeping on that I wonder how much the restrictions in Ontario have effected them? It is a hot spot in Canada and maybe this will help them on a strictly business end of things? 

Regardless interesting development and I hope that it is they are only being bought more in name and will continue with their TXG brand and more or less just be a sister company so to speak without being asked or forced into a direction that they want to be in. That being said I don't see Ian being the type of owner to do that and maybe again this will open up further opportunities for them!

[RickyBobby_PR]

That’s interesting. Curious to see how this plays out. Maybe Ian takes the money and does something else. 

[ejgaudette]

1 minute ago, GolfSpy_APH said:

Having had zero experience with Club Champion I would love to hear how you all think it would effect TXG? 

My first thought is that TXG is willing to sell and hopefully keep their brand, but hopefully with a large company backing them they can further look to expand into more areas and more stores? Keeping on that I wonder how much the restrictions in Ontario have effected them? It is a hot spot in Canada and maybe this will help them on a strictly business end of things? 

Regardless interesting development and I hope that it is they are only being bought more in name and will continue with their TXG brand and more or less just be a sister company so to speak without being asked or forced into a direction that they want to be in. That being said I don't see Ian being the type of owner to do that and maybe again this will open up further opportunities for them!

I was thinking exactly along these lines, I did wonder how much Covid has impacted them it seems like they have been shut down for 18 out of the last 24 months which must have been very hard.

[null]

Ian has stated numerous times that trackman shouldn’t be used for indoor fittings. Club Champion exclusively uses trackman for indoor fittings. 
 

not sure how this is going to play out

 

Edit: confirmed that TXG will continue to use Foresight and Quintic

[RickyBobby_PR]

23 minutes ago, GolfSpy_APH said:

Having had zero experience with Club Champion I would love to hear how you all think it would effect TXG? 

My first thought is that TXG is willing to sell and hopefully keep their brand, but hopefully with a large company backing them they can further look to expand into more areas and more stores? Keeping on that I wonder how much the restrictions in Ontario have effected them? It is a hot spot in Canada and maybe this will help them on a strictly business end of things? 

Regardless interesting development and I hope that it is they are only being bought more in name and will continue with their TXG brand and more or less just be a sister company so to speak without being asked or forced into a direction that they want to be in. That being said I don't see Ian being the type of owner to do that and maybe again this will open up further opportunities for them!

Wonder if this is more about club champion expanding into Canada or within Canada and not having to find space and/or construction as much as it would be about txg trying to expand via CC.

TXG and CC have different fitting approach with CC using shaft then find the head and TXG doing like almost every fitter starting with head and fine tuning with the shaft, so that dynamic will be interesting if Ian stays.

Maybe it’s an offer Ian couldn’t refuse and will take the money and go back home. 

[RickyBobby_PR]

4 minutes ago, jlukes said:

Ian has stated numerous times that trackman shouldn’t be used for indoor fittings. Club Champion exclusively uses trackman for indoor fittings. 
 

not sure how this is going to play out

Forgot about that

[null]

7 minutes ago, RickyBobby_PR said:

Forgot about that

Traded some DMs with Ian. Nothing is changing and TXG will continue to use Foresight and Quintic

[Golfspy_CG2]

Wow..Very interesting.  Well It is two year old conversation, but when I was there in 2019, Ian told me he was very much looking at expanding into the US and had a couple markets in mind where he already had discussions going on.   One of those markets already has two CC locations in the suburbs.   

But I think RickyBobby's comment about possibly taking the buyout and going home, or onto a nother venture, isn't impossible. 

[TR1PTIK]

As long as it doesn't negatively impact TXG I'm all for it. Even better if TXG rubs off on CC as I'd love a TXG fitting at some point, but the additional costs of travel will keep it out of my budget for some time. However, there's a CC within 30 minutes of me currently.

[Tzoid08]

How messed up would it be if this is Boolchit?  

[cnosil]

3 minutes ago, Tzoid08 said:

How messed up would it be if this is Boolchit?  

????

[PerdyGolf]

Wow … didn’t expect this…congrats to Ian… I think? From a business perspective This is great news but so different in terms of consumer connection.. TXGs social media (YouTube)foot print is the real prize here for club champion because while they have tried there attempt at what TXG does has fell miles short… the connection is key hopefully that’s not lost… and hopefully Matt can continue and there aren’t new restrictions for him and his marketing company given Club Champions existing marketing plan.

[CDMac24]

TXG started a live Q&A - their normal weekly but spoke to the news to some extent as well.

Ian said they will produce a livestream tomorrow once the news is official-official to discuss more in-depth.

Edited January 10, 2022 by CDMac24

[null]

Matt Blois has announced he’s not longer working with TXG effective immediately. 
 

Yikes

[russtopherb]

17 minutes ago, jlukes said:

Matt Blois has announced he’s not longer working with TXG effective immediately. 
 

Yikes

Whoa. That's.... wow. 

EDIT: Just read his Instagram statement. Very telling. 

[null]

Cobra Connect 5 flopping and now this TXG News have really put a dent in my love for interacting on internet golf forums

[XHOOPER]

Matt, Ian...two brilliant guys at what they do.  They complemented one another so well.   Ian owes much of the success to Matt and his implementation of the media plan. Both  have a bright future.  I wish them well.

[edingc]

Yeah, this is some pretty disappointing news given that TXG for me epitomized the ideal combination of professionalism but yet maintaining a good bit of community feel.

All that being said, with Toronto likely staring down continued restrictions I don't know what more the channel could have produced this year that would have been different or new. I really like the content, but so many new releases show such minor improvements over the old that it unfortunately just became a lot of the same results in every video. Found myself really just skipping the majority of the product reviews lately. 

The bread and butter of the channel (for me) would be more fittings, but obviously with the restrictions that hasn't been able to happen. The production value of the course vlogs were also great, but again, not really the original intent of the channel.

Obviously sparse on the details at the moment but I'm sure neither Ian nor Matt made their decisions lightly.

[GolfSpy_APH]

32 minutes ago, jlukes said:

Cobra Connect 5 flopping and now this TXG News have really put a dent in my love for interacting on internet golf forums

We all still really appreciate your review that was done on the clubs. Tier 1 class!

However yes, the news of Matt leaving stings...a lot. I pulled my subscription a few months back as I felt something had changed within their videos and not that I didn't like their content, but I certainly wasn't as eager to watch it as I had in years past. Wishing all the best for Matt and his career moving forward as well as his overall well being. He will certainly be missed and did an amazing job bringing TXG to the heights it achieved. 

[null]

9 minutes ago, GolfSpy_APH said:

We all still really appreciate your review that was done on the clubs. Tier 1 class!

However yes, the news of Matt leaving stings...a lot. I pulled my subscription a few months back as I felt something had changed within their videos and not that I didn't like their content, but I certainly wasn't as eager to watch it as I had in years past. Wishing all the best for Matt and his career moving forward as well as his overall well being. He will certainly be missed and did an amazing job bringing TXG to the heights it achieved. 

Thanks APH. I absolutely love doing reviews and my favorite part of them is the interaction with other members during the review process 

I cancelled my TXG YouTube membership after Matt’s announcement. TXG now has the backing of a multi million dollar company and doesn’t need my few bucks a month to help create content. 

[Kenms]

It looks like TXG will be pushing upgraded shafts from now on just like Club Champions. Too bad. I guess I can unsubscribe from TXG now. 

[sirchunksalot]

After seeing the news today, I can honestly say that I felt like I was gut punched with the reaction I had. Hopefully this will be a good transaction for both parties and it won't be as bad as my initial reaction earlier today.

It's sad that the channel is losing Matt, he's just a robot hitting the ball and his interaction with Ian was always superb.

Hopefully, between Ryan Barath and Mike Martyseiwicz they'll still have some good videos. I really enjoy listening to them on the Build Shop podcast. 

@jlukes, with all that went on This year as far as CCC5, you all did a wonderful job dealing with all the hurdles of the supply chain issues. I think the crew we had this year was able to expertly navigate all the problems and I don't think anyone could have done better. 

[RickyBobby_PR]

1 hour ago, Kenms said:

It looks like TXG will be pushing upgraded shafts from now on just like Club Champions. Too bad. I guess I can unsubscribe from TXG now. 

They always pushed upgraded shafts. 

[03trdblack]

1 hour ago, sirchunksalot said:

Hopefully, between Ryan Barath and Mike Martyseiwicz they'll still have some good videos. I really enjoy listening to them on the Build Shop podcast. 

@jlukes

Something about Ryan that just doesn't do it for me. I don't dislike him per se, but I honestly don't really like him either. Maybe it's because I feel he talks more about himself than most of the topics. He's ok but just doesn't move the needle enough. 

Either way, I bet he didn't plan on leaving GolfWRX to go work for Club Champion. 

[03trdblack]

1 hour ago, RickyBobby_PR said:

They always pushed upgraded shafts. 

TXG didn't get to where they were by selling stock shafts either... 

[fixyurdivot]

8 hours ago, PerdyGolf said:

Wow … didn’t expect this…congrats to Ian… I think? From a business perspective This is great news but so different in terms of consumer connection.. TXGs social media (YouTube)foot print is the real prize here for club champion because while they have tried there attempt at what TXG does has fell miles short… the connection is key hopefully that’s not lost… and hopefully Matt can continue and there aren’t new restrictions for him and his marketing company given Club Champions existing marketing plan.

Good point about the carrot in this deal for CC.  I'm now seeing more TrueSpec YT videos on fitting and club assessments, and their effort to capture some of this popular marketing space.  I wonder if TXG was courted by them as well?  TS did acquire Fairway Jockey a year or so ago and maybe didn't have the financial bandwidth... presuming they were even interested.

 

5 hours ago, jlukes said:

Cobra Connect 5 flopping and now this TXG News have really put a dent in my love for interacting on internet golf forums

The CCC5 just fell victim to the pandemic fallout and we see golf industry acquisitions pretty often.  There is still lots of meat on the bone.

[Peejer]

TXG is relevant because of their YouTube following, not sure Club Champion buying their two club fitting locations is significant - except to Mike and Ian's pocketbooks.  Will they be able to continue the videos? and if so, will it be under the same name?!?

I don't really see an upside for Club Champion.  What am I missing here?

[Everardo]

11 hours ago, jlukes said:

Traded some DMs with Ian. Nothing is changing and TXG will continue to use Foresight and Quintic

For now. Every merger/buyout/partnership starts by saying this to save face/avoid or headache during the change. But when renewals for equipment and software are due, changes and linking systems are inevitable