Golf legend Jack Nicklaus has won bankruptcy court approval to reacquire the brand and assets for Nicklaus Companies for $35.7 million.
20 Majors LLC, a North Palm Beach-based company tied to Nicklaus, got the go-ahead for the purchase in a ruling by Judge Craig T. Goldblatt of the U.S. Bankruptcy Court for the District of Delaware, according to Bloomberg. The hearing was March 9.
The deal “reunites the company’s trademarks and intellectual property with the Nicklaus family,” and “preserves the legacy of the brand,” Nicklaus Cos. attorney David J. Cohen of Weil, Gotshal & Manges LLP said at the hearing…