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    Local Guys Bought the Valhalla Club, and Now They’re Hosting a Major

    A group of Kentucky businessmen are trying to give the P.G.A. Championship a Louisville feel, complete with nods to Churchill Downs.The quality of a major championship venue is defined by its champions, and Valhalla Golf Club, the site of this week’s P.G.A. Championship in Louisville, Ky., has a list of past winners that stands out at every level.Tiger Woods won the 2000 P.G.A. Championship at Valhalla, and Rory McIlory won it there in 2014. Hale Irwin won the 2004 Senior P.G.A. Championship at Valhalla, and Tom Watson won it there in 2011. At the 2008 Ryder Cup, the United States squad, led by Paul Azinger, beat the European Team.Even on the junior side, the course has hosted elite players. Akshay Bhatia, who at 22 has two PGA Tour victories, won the 2018 Boys Junior P.G.A. Championship there. Anna Davis, now 18, won the 2021 Girls Junior P.G.A. Championship at Valhalla and went on the next year to win the Augusta National Women’s Amateur.What its new owners, a group of Kentucky businessmen who bought Valhalla in 2022, said it didn’t have was a club presence to go with its illustrious championship history. So when the P.G.A. of America, which runs the championship, decided to sell Valhalla, the new owners moved in to change that.“We couldn’t let it go to an out-of-town golf management firm,” said David Novak, the co-founder and former chief executive of Yum Brands, which owns Kentucky Fried Chicken, Taco Bell and Pizza Hut. “We felt they’d be more interested in making money than building Valhalla’s reputation.”Rory McIlory won the 2014 P.G.A. Championship at Valhalla Golf Club in Louisville, Ky.Brett Hansbauer/Sports Illustrated, via Getty ImagesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Masters 2024: Five Players to Watch

    Among them are golfers who have won the event before and have a good chance to do it again.No golfer has repeated as the champion of the Masters Tournament, which begins on Thursday at Augusta National Golf Club, since Tiger Woods successfully defended his crown in 2002.Such is the challenge facing Spain’s Jon Rahm, who closed with a 69 last year to secure his second major title. He also won the 2021 United States Open.Rahm, who signed with LIV Golf in late 2023, will be one of the favorites.Here are five other players to watch:Scottie SchefflerThe strong favorite will be Scheffler, who is so precise from tee to green. When he is making putts, as he’s been doing lately, he seems unbeatable.Ranked No. 1 in the world, Scheffler turned in a six-under 66 in the final round to capture the Arnold Palmer Invitational last month. One week later, he shot an eight-under 64 to rally to win his second consecutive Players Championship, which no player had done since the tournament — considered the unofficial fifth major — began in 1974.The true test of his greatness, however, will depend on how he fares in the official majors. Scheffler, 27, who tied for second in March at the Texas Children’s Houston Open, has one major title, the Masters in 2022.Jon Ferrey/Liv Golf/LIVGO, via Associated PressBrooks KoepkaKoepka, 33, made a run at the green jacket last year before faltering with a final-round 75 to tie for second, four strokes behind Rahm.The next month, he took the P.G.A. Championship, his fifth major. One more and he’ll match the total of Phil Mickelson, Lee Trevino and Nick Faldo.Koepka said his inability to close the deal at Augusta National last year helped pave the way for his win at the P.G.A.“I think failure is how you learn,” he told reporters at the P.G.A. “You get better from it. You realize what mistakes you’ve made.”Doug Defelice/LIVGO, via Associated PressPhil MickelsonWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Sues N.Y.C. for Ending Golf Course Contract After Capitol Riot

    The Trump Organization, which had a 20-year contract to operate a public golf course in the Bronx, claims it was unfairly targeted.The Trump Organization sued New York City on Monday, saying the city had wrongly terminated a lucrative golf course contract for political reasons after the Jan. 6 riot at the Capitol in Washington.The suit, filed in New York State Supreme Court in Manhattan on the eve of the mayoral election, argued that the January decision by Mayor Bill de Blasio to end the company’s 20-year contract to run the public golf course in the Bronx had no legitimate legal basis and was meant only to punish former President Donald J. Trump.“Mayor de Blasio had a pre-existing, politically-based predisposition to terminate Trump-related contracts, and the city used the events of January 6, 2021 as a pretext to do so,” the suit said.In a statement, the company said that the course was “widely recognized as one of the most magnificent public golf experiences anywhere in the country.”A spokesman for the mayor, Bill Neidhardt, responded, saying: “Donald Trump directly incited a deadly insurrection at the U.S. Capitol. You do that, and you lose the privilege of doing business with the City of New York.”Mr. Trump was impeached this year for inciting the riot, his second impeachment, but was acquitted by the Senate after leaving office.After the attacks on the Capitol, the city abruptly ended several contracts with the Trump Organization, including agreements that allowed the company to operate the Central Park Carousel and two ice-skating rinks in the park.The move came as a wave of other businesses also backed away from Mr. Trump after the attacks on the Capitol, including the P.G.A. of America, which announced it would no longer hold one of its major tournaments at a New Jersey golf club owned by the president.The contracts in Central Park had already been set to expire in April. The lawsuit centers on a city-owned course in the Ferry Point section of the Bronx, called Trump Golf Links at Ferry Point. The Trump Organization was in its sixth year of running the course, which opened in 2015.Overall, the contracts had garnered the Trump Organization about $17 million a year, Mr. de Blasio said in January.Although Mr. de Blasio said then that the decision to sever ties was made because Mr. Trump incited rioters at the Capitol, the city offered a more contractual basis for the decision: The Trump Organization had defaulted in its agreement on the golf course because it had not attracted a major tournament and was unlikely to do so in the future, given the P.G.A.’s decision.The mayor insisted at the time that the city was on “strong legal ground,” but the Trump Organization vowed to fight back, saying the move was a form of political discrimination.Mr. Trump had been hailed by city officials years ago for refurbishing Wollman Rink in Central Park. Travis Dove for The New York TimesNow, the organization has made its case in an 18-page petition saying that it was never obliged to attract an actual tournament but merely to maintain “a first class tournament quality daily fee golf course.” The petition included several statements from professional golfers, including Dustin Johnson and Bryson DeChambeau, attesting to the course’s being “first class” and “tournament quality.”A spokesman for the city’s law department said that it would “vigorously defend” its decision to terminate the contract and that it “looked forward to selecting a new vendor for Ferry Point.”There is little love lost between Mr. Trump and Mr. de Blasio. The former president has called the Democratic mayor and 2020 presidential contender “the worst mayor in the history of New York City.” Mr. de Blasio, in turn, embraced Mr. Trump as a foil during his own ill-fated presidential run, even attempting to give the president a nickname, “Con Don.”The city initially celebrated its collaboration with Mr. Trump when the rising real estate developer first won the contract to refurbish Wollman Rink in Central Park in the 1980s. Mr. Trump’s company finished the project under budget and ahead of its deadline, and city officials embraced him; one even joked about planting a “Trump tree” in the park.“I’m not used to having nice things said about me,” Mr. Trump said at the time.The contracts were renewed during the tenure of Mayor Michael R. Bloomberg. But Mr. de Blasio, a progressive Democrat, staked out a position against Mr. Trump, one that put him in line with his many liberal constituents.The lawsuit comes as Mr. Trump and his company are facing an unrelated criminal investigation from the Manhattan district attorney’s office, which is examining whether the former president and his employees committed financial fraud in recent years.Prosecutors appear to be in the final stages of investigating Allen H. Weisselberg, Mr. Trump’s long-serving chief financial officer, and could criminally charge him this summer, The New York Times previously reported.Mr. Weisselberg, who has worked for the Trump family since 1973, was listed as the contact for the company on the city’s contract for the Central Park carousel.Ben Protess More

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    Trump Financial Disclosure Reveals a Business Upended by the Coronavirus Pandemic

    #masthead-section-label, #masthead-bar-one { display: none }Capitol Riot FalloutLatest UpdatesInside the SiegeVisual TimelineNotable ArrestsCapitol Police in CrisisAdvertisementContinue reading the main storySupported byContinue reading the main storyTrump Financial Disclosure Reveals a Business Upended by the PandemicRevenues for the Trump Organization fell nearly 38 percent in 2020 as the coronavirus took a steep toll on the hospitality industry. Mar-a-Lago was a bright spot.Trump National Doral, a golf club outside Miami, saw revenue drop by more than 40 percent.Credit…Scott McIntyre for The New York TimesBen Protess, Steve Eder and Jan. 20, 2021, 7:22 p.m. ETOver the past year, former President Donald J. Trump’s family business suffered steep declines in revenue as the pandemic upended the nation’s hospitality industry, according to a financial disclosure report released hours after Mr. Trump departed office on Wednesday.The report detailed a revenue drop of more than 40 percent at Mr. Trump’s Doral golf club outside Miami, and a 63 percent decline at his signature hotel in Washington, just blocks from the White House. All told, the Trump Organization declared revenue of at least $278 million in 2020 and the early days of this year, a nearly 38 percent decline from the company’s reported 2019 results.The disclosure, which represents the final public snapshot of Mr. Trump’s finances, documents the toll the pandemic has taken on his luxury hospitality business, which essentially ground to a halt last spring when the coronavirus started sweeping through the country. Trump hotels and golf courses shuttered, and even after reopening, some faced restrictions on indoor dining and gatherings.“There were places that due to government mandates we were not able to operate,” Eric Trump, the former president’s son who helps run the business, said in an interview on Wednesday. “Those are places you are going to lose the season because of it.”The Trump Organization, he said, remained stable and had steady cash flow and relatively low debt compared with other real estate businesses — though as Mr. Trump left office, the company had more than $300 million in debt coming due in the next few years that the former president has personally guaranteed.The disclosure portends greater tumult ahead for the business, which has faced widespread shunning of its brand after the deadly Jan. 6 assault on the Capitol. The violent rioting by Mr. Trump’s supporters led to his second impeachment and prompted many of the company’s corporate partners — in banking, insurance, golf and real estate — to abandon it. Morgan Lewis, the law firm that handles its taxes, became the latest to distance itself from the Trumps on Wednesday, by indicating that it would not take on new business with Mr. Trump or the company.The scenes of rioters storming and looting the Capitol in Mr. Trump’s name, some of them armed and dressed in animal skins, also undermined the image of stately luxury that the Trump Organization had created and is expected to cost the president’s five-star hotels bookings and group outings.Revenue at the Trump hotel near the White House decreased by 63 percent.Credit…Stefani Reynolds for The New York TimesThe biggest blow came when the P.G.A. of America announced it would strip Mr. Trump’s New Jersey golf club of a major tournament, setting off a wave of other ruptures, including a decision by New York City to cancel contracts with the Trump Organization for two ice rinks, the Central Park Carousel and the Trump Golf Links in the Bronx.Even before the pandemic and the riot, the Trump presidency had complicated business for the Trump brand.For much of his term, the company was stuck in neutral as the family name was removed from several properties and potential new deals never emerged. Mr. Trump’s polarizing politics also appeared to create a red-blue divide, leaving his hotels in Democratic bastions like New York and Chicago struggling, while his golf club in North Carolina boomed..css-1xzcza9{list-style-type:disc;padding-inline-start:1em;}.css-c7gg1r{font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:0.875rem;line-height:0.875rem;margin-bottom:15px;color:#121212 !important;}@media (min-width:740px){.css-c7gg1r{font-size:0.9375rem;line-height:0.9375rem;}}.css-rqynmc{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.9375rem;line-height:1.25rem;color:#333;margin-bottom:0.78125rem;}@media (min-width:740px){.css-rqynmc{font-size:1.0625rem;line-height:1.5rem;margin-bottom:0.9375rem;}}.css-rqynmc strong{font-weight:600;}.css-rqynmc em{font-style:italic;}.css-yoay6m{margin:0 auto 5px;font-family:nyt-franklin,helvetica,arial,sans-serif;font-weight:700;font-size:1.125rem;line-height:1.3125rem;color:#121212;}@media (min-width:740px){.css-yoay6m{font-size:1.25rem;line-height:1.4375rem;}}.css-1dg6kl4{margin-top:5px;margin-bottom:15px;}.css-16ed7iq{width:100%;display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-box-pack:center;-webkit-justify-content:center;-ms-flex-pack:center;justify-content:center;padding:10px 0;background-color:white;}.css-pmm6ed{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;}.css-pmm6ed > :not(:first-child){margin-left:5px;}.css-5gimkt{font-family:nyt-franklin,helvetica,arial,sans-serif;font-size:0.8125rem;font-weight:700;-webkit-letter-spacing:0.03em;-moz-letter-spacing:0.03em;-ms-letter-spacing:0.03em;letter-spacing:0.03em;text-transform:uppercase;color:#333;}.css-5gimkt:after{content:’Collapse’;}.css-rdoyk0{-webkit-transition:all 0.5s ease;transition:all 0.5s ease;-webkit-transform:rotate(180deg);-ms-transform:rotate(180deg);transform:rotate(180deg);}.css-eb027h{max-height:5000px;-webkit-transition:max-height 0.5s ease;transition:max-height 0.5s ease;}.css-6mllg9{-webkit-transition:all 0.5s ease;transition:all 0.5s ease;position:relative;opacity:0;}.css-6mllg9:before{content:”;background-image:linear-gradient(180deg,transparent,#ffffff);background-image:-webkit-linear-gradient(270deg,rgba(255,255,255,0),#ffffff);height:80px;width:100%;position:absolute;bottom:0px;pointer-events:none;}#masthead-bar-one{display:none;}#masthead-bar-one{display:none;}.css-1cs27wo{background-color:white;border:1px solid #e2e2e2;width:calc(100% – 40px);max-width:600px;margin:1.5rem auto 1.9rem;padding:15px;}@media (min-width:740px){.css-1cs27wo{padding:20px;}}.css-1cs27wo:focus{outline:1px solid #e2e2e2;}.css-1cs27wo[data-truncated] .css-rdoyk0{-webkit-transform:rotate(0deg);-ms-transform:rotate(0deg);transform:rotate(0deg);}.css-1cs27wo[data-truncated] .css-eb027h{max-height:300px;overflow:hidden;-webkit-transition:none;transition:none;}.css-1cs27wo[data-truncated] .css-5gimkt:after{content:’See more’;}.css-1cs27wo[data-truncated] .css-6mllg9{opacity:1;}.css-k9atqk{margin:0 auto;overflow:hidden;}.css-k9atqk strong{font-weight:700;}.css-k9atqk em{font-style:italic;}.css-k9atqk a{color:#326891;-webkit-text-decoration:none;text-decoration:none;border-bottom:1px solid #ccd9e3;}.css-k9atqk a:visited{color:#333;-webkit-text-decoration:none;text-decoration:none;border-bottom:1px solid #ddd;}.css-k9atqk a:hover{border-bottom:none;}Capitol Riot FalloutFrom Riot to ImpeachmentThe riot inside the U.S. Capitol on Wednesday, Jan. 6, followed a rally at which President Trump made an inflammatory speech to his supporters, questioning the results of the election. Here’s a look at what happened and the ongoing fallout:As this video shows, poor planning and a restive crowd encouraged by President Trump set the stage for the riot.A two hour period was crucial to turning the rally into the riot.Several Trump administration officials, including cabinet members Betsy DeVos and Elaine Chao, announced that they were stepping down as a result of the riot.Federal prosecutors have charged more than 70 people, including some who appeared in viral photos and videos of the riot. Officials expect to eventually charge hundreds of others.The House voted to impeach the president on charges of “inciting an insurrection” that led to the rampage by his supporters.One bright spot in 2020 was Mar-a-Lago, Mr. Trump’s private club in Florida and his intended new residence. Revenues at Mar-a-Lago rose from $21.4 million to $24.2 million, an increase of 13 percent. The company’s retail business also grew, more than doubling its revenues to nearly $2 million.The Trump golf business saw mixed results. While many of the courses had losses of 10 percent or more, revenues rose at clubs in West Palm Beach, Fla., and another near Charlotte, N.C., as golf became a popular outdoor escape from the dangers of Covid-19.But at Doral, Mr. Trump’s biggest revenue generator, revenues fell from $77.2 million in 2019 to $44.2 million, down nearly 43 percent.Trump Turnberry, a golf club in Scotland, had a significant downturn last year. Revenue fell from $25.7 million to $9.8 million, about 62 percent, as Scottish authorities closed it because of the virus.Some of the Trump Organization’s biggest declines came in its hotel business, as the virus halted travel and the company cut back on staff to stem its losses. The hotel in Washington, which the Trumps had considered selling before the pandemic, was particularly hard hit. The restaurant and the famed hotel lobby — long a gathering place for lobbyists, White House aides and other Trump supporters — have been closed for extended periods over the past year, and hotel occupancy is down significantly.Mr. Trump reported assets worth at least $1.3 billion, down slightly from 2019.He also reported receiving 10 gifts, including an Ultimate Fighting Championship belt, golf gear, a leather bomber jacket and a computer from Tim Cook, the chief executive of Apple, worth $5,999.Eric Lipton contributed reporting.AdvertisementContinue reading the main story More