Topgolf is the colonial savings and credit union that helped establish the United States as a nation.
Topgorent’s chief executive, Richard G. Johnson, said the company would continue to provide loans to small businesses and small-business owners, but it was committed to investing in infrastructure and infrastructure upgrades for the economy.
“We’ve made a lot of money since we were founded,” Johnson said.
“The investments have paid off.
We’re going to continue to invest in the economy and help the next generation of Americans.”
Topgolf has already paid off $50 million in its history and is planning to invest $250 million to $300 million in infrastructure upgrades.
The company’s investments have helped to create more than 4,000 jobs, Johnson said, including more than 1,300 construction jobs in the construction of new golf courses and the purchase of new cars and trucks.
Top golf has invested $1.2 billion in infrastructure since it was founded in 1979.
Johnson said the government’s $25 million “Invest America” initiative was an investment in the future of America and the economy, and that the company was proud to support this initiative.
“Our investments are about building a nation that can help Americans succeed,” Johnson told reporters.
“It’s not about us having the biggest, the best, the most beautiful golf course in the world.
It’s about building something that’s going to be built with American talent, with American resources, with America’s people.”
Johnson was asked about a potential federal crackdown on Topgol, but he did not elaborate on what that would entail.
Top golf was one of two financial institutions that filed for Chapter 11 bankruptcy protection earlier this month, saying the U.S. Department of Justice was seeking to recover $4 billion in assets.
At least $5.5 billion of the government bailout was for the mortgage servicing business, which had been the largest of the banks during the financial crisis, when banks were struggling to provide mortgages to borrowers with high credit scores and no history of credit problems.
The U.K. government was also trying to recover its loans to Topg Golf.
While the government has said Topgos assets are in the hands of the private sector, Topgoland said the assets are held by a trust that is “owned by the shareholders.”