The Covid-19 pandemic likely has put a potential TopGolf IPO on the back burner for at least the remainder of 2020. But Callaway Golf CEO Chip Brewer, whose company owns 14 percent of TopGolf, said it is still an “attractive business and has been an attractive investment,’’ for Callaway.
“Clearly, it’s been impacted by Covid-19 as all of the locations are shut,’’ Brewer said. ”But they are in process of planning re-openings and they believe they can do so safely.’’
Brewer said its Callaway’s belief that Topgolf’s business is unchanged.
“We continue to view it as a very attractive business and attractive investment for our shareholders. And we do have the financial flexibility to look at participating in investment opportunities there if they come up and we view those as favorable for our shareholders,’’ Brewer said.