MyGolfSpy Readers – To Buy YES! Golf? (Hell, Why Not)
If you ever wanted to own your own putter company and one that is already established…now might be the time! This sale has moved quickly. We first reported of the news back in October…then in December YES! Golf officially filed for bankruptcy…and the sale of the company is right around the corner. Don’t have the money to buy it…don’t worry…get a group of fellas together at your local country club to all pitch in. Hell maybe MyGolfSpy readers should all chip in and snag up the well known brand on Jan. 18th. – What do you think?
We just spoke to Heritage Global Partners who has been selected by the Chapter 7 Trustee to conduct a live auction of assets of ProGear Holdings Inc., owner of the Yes! Golf brand. The approval of Trustee’s Motion to engage Heritage Global Partners is currently pending in the United States Bankruptcy Court for the District of Colorado. Following approval, the auction will be staged via live webcast and on location on Tuesday, January 18 at 1 p.m. MST, at the Yes! Golf headquarters in Denver, Colorado.
What You Will Get With Your Purchase
The most valuable intangible asset is of course the registered patent of the Yes! Golf Putter technology, as well as registered trademarks from The US, Asia and Europe. But with the purchase you will also get the tangible assets…including the existing inventory of the company, putters, heads, shafts and accessories including clothing, training aids, head covers and more.
For Pictures of the Yes! Golf Assets – CLICK HERE
“The Yes! Golf auction provides an extraordinary opportunity for numerous types of buyers – from the existing sporting goods company, which may want to integrate the Yes! Golf brand and technology into its product mix – to perhaps an entrepreneur who wants to take the business to the next level,” said Brandon Smith, vice president of Heritage Global Partners.
Own The C-Groove Technology
The Yes! Golf brand assets consists of intellectual property and trademarks including its patented “C-Groove” technology, all capital assets including thousands of dollars of inventory in the U.S., its warehouse, shop, office equipment and furniture. Company assets also include marketing vehicles such as the company website and URL, customer mailing lists as well as established Yes! Golf brand values.
The Brand…The Story
Francis Ricci, CEO of Yes! Golf since 1998, said that “upon filing for bankruptcy on November 18th, several interested parties from the U.S and overseas have expressed interest in acquiring the rights to the Yes! Brand and its proprietary technology.”
Yes! Golf has been an emerging leader in the field of advanced putter design and related technology. Well established in consumer markets throughout the world, the Yes! Golf brand includes impressive usage records by many of the world’s best professional and amateur golfers. Yes! Golf putters have been consistently rated by several golf publications for high performance and value.
Who To Contact If You Are Interested
Parties interested in participating in the Yes! Golf auction must sign a non-disclosure agreement to gain access to Company documents available for review. The agreement, together with contact information and a general description of the assets can be found on the Heritage Global Partners website at www.hgpauction.com.
SO…WHO DO YOU THINK WILL BUY YES! GOLF?
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{ 21 comments… read them below or add one }
so how much do we really need? I have a few hundred I can invest….
I am thinking Puma for some reason.
Kinda broke my heart to see all those nice putters languishing. Oh well…..
Adams Golf should buy it like Callaway did with Oddyssey
Very sombering to see a dream up for sale…
Hmmmmmm…supposedly Scotty Cameron is moving over to Nike, and I don’t think Titleist is just going to stop selling putters. Acushnet folks also love their patents, so you never know…
Jim Furyk with his $39 YES Sofia putter, definitely has a little bit of pocket change to buy YES. After winning the Tour Championship and another $10M bonus as the winner of the 2010 FEDEX Cup playoffs with this putter, he might want to serious consider buying the company.
Will Yes! become another Golfsmith line?
Considering what they have done for MacGregor, I hope not.
Glad I got my putters already. I’d love to see someone truly carry on the fine YES! tradition.
Caveat emptor. Reliably informed that US was Yes! Golf’s downfall. Any buyer needs to look to UK & EU business models for commercial and tour success. US just too big and cash-hungry. Far East too will deliver reasonably quick ROI.
Golfsmith… if the price is right, they will snap up YES just like that!
A company like Adams would be a perfect fit. I understand they have there own select series of putters, but have you seen them. Regardless of price this putter line has established credibility and Adams could jump on this and improve there already successful line of equipment.
Well, let’s hope that a Golfsmith or any non-OEM doens’t buy them. I agree that Puma/Cobra would be a great fit. Imagine the YESSSSS! with Cobra, get it?
Adams could use them of course, and if Acushnet were to lose Cameron, it would as suggested give them a patent to play with.
Any idea what the estimated auction sell price will be?
To me, someone like Cleveland Golf would be a better fit. Cleveland is now owned by SRI-Sports the makers of Srixon and they have a putter line. Adding YES!!! GOLF’s technology would help bring a bit more credibility to their current line of putters. At least….that is my opinion.
I have a hard time imagining Acushnet/Titleist buying Yes!. Yes! is not stodgy enough for them. Yes! is much more an innovative Adams image. Please, not Golfsmith.
On the related note, does Scotty Cameron really need big manufacturer money to buy loyalty from the stars?
Yes is not a profitable fit for any company that wants it as a mere add-on. All the likely buyers mentioned above (all likely prospects) lack the in house knowledge and enthusiasm that typifies Yes. It’s their secret weapon. Using the current network is their best bet.
I had not heard that Scotty was leaving Titliest – why?
Looks like Title-ist are struggling – selling the biggest balls and shoe makers in golf does not make sense, unless they are worried about the competition.
Why does G-Mac move to Srixon when Callaway gear won his first major for him? Is it the new ball??
Anyway, YES would be a good fit to Puma or Adams, or Jim F!
Adams Golf made the winning bid for Yes Golf
what was the winning bid for yes golf?
1.5 Million.