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Posted on 6/15/21 at 11:01 pm to Jack Ruby
From Golf Digest a few years ago:
Still, the bottom line is impressive. Though domestic TV is a break-even deal and concessions also break even, at best, there is the $34.75 million from tickets sales and that $25 million in broadcast rights to 190 overseas territories. There is also the $47.5 million in merchandise and $7.75 million in concessions. That gets us to $115 million before expenses.
Surprisingly, it appears CBS and Augusta have a sweetheart deal that is not a huge moneymaker for either side. Augusta, in return for not getting HUGE money from CBS or another partner, has a great deal of say in who, what, and how CBS broadcasts the tournament. Bottom Line: Augusta National has money to burn.
Still, the bottom line is impressive. Though domestic TV is a break-even deal and concessions also break even, at best, there is the $34.75 million from tickets sales and that $25 million in broadcast rights to 190 overseas territories. There is also the $47.5 million in merchandise and $7.75 million in concessions. That gets us to $115 million before expenses.
Surprisingly, it appears CBS and Augusta have a sweetheart deal that is not a huge moneymaker for either side. Augusta, in return for not getting HUGE money from CBS or another partner, has a great deal of say in who, what, and how CBS broadcasts the tournament. Bottom Line: Augusta National has money to burn.
This post was edited on 6/15/21 at 11:05 pm
Posted on 6/15/21 at 11:06 pm to East Coast Band
quote:
Is it Bermuda? But for the Masters it's overseeded rye.
It's a hybrid. It's a cross between Kentucky bluegrass, featherbed bent, and northern California sinsemilla. The amazing stuff about it, is that you can play 36 holes on it in the afternoon, take it home and just get stoned to the bejeezus.
Posted on 6/15/21 at 11:08 pm to East Coast Band
Contouring the course to fit Bryson’s game
Posted on 6/16/21 at 7:44 am to idlewatcher
quote:
*birthing mother tees
**birthing person you sexist
Posted on 6/16/21 at 7:46 am to m57
And yes that is (clockwise from top left) 10 fairway/green, 11 tee, 14 green, 15 tee, 17 green.
Posted on 6/16/21 at 11:55 am to Jack Ruby
quote:
So where does their real money come from?
The TV rights are probably 9 digits.
Posted on 6/16/21 at 12:16 pm to Chucktown_Badger
Yes it is. But not maintained in tournament conditions. That is where the stress for the grass comes in. It’s not stressed nearly as badly when they can maintain at taller heights.
Posted on 6/16/21 at 4:13 pm to makersmark1
quote:
and concessions also break even, at best, there is the $34.75 million from tickets sales and that $25 million in broadcast rights to 190 overseas territories. There is also the $47.5 million in merchandise and $7.75 million in concessions. That gets us to $115 million before expenses.
Help me out here.
Posted on 6/16/21 at 4:42 pm to BunkieWrench
Seems like with all the money August is ripe for a good scandal. I know there’s a lot of wealthy people involved but there’s a lot that arent also
Posted on 6/16/21 at 6:27 pm to East Coast Band
Has ANGC every done anything that disappointed? Whatever they’re doing, they’re years ahead of what you think they’re doing.
They were probably digging up to create more tunnels underneath.
They were probably digging up to create more tunnels underneath.
Posted on 6/16/21 at 7:45 pm to m57
quote:
**birthing person you sexist
No one is ever going to to think to theirselves birthing person fricker after they dump their tee shot on 12 into Rae's Creek.
Posted on 6/16/21 at 7:51 pm to East Coast Band
Moving the Masters to muni course in Laffy next year.
Posted on 6/16/21 at 9:30 pm to BunkieWrench
quote:
and concessions also break even, at best, there is the $34.75 million from tickets sales and that $25 million in broadcast rights to 190 overseas territories. There is also the $47.5 million in merchandise and $7.75 million in concessions. That gets us to $115 million before expenses. Help me out here.
7.75 is gross revenue. Can still be break even if they spend about 7.75 on food and drinks
Posted on 6/16/21 at 10:12 pm to MsState of mind
They make a boatload on merchandise and probably at a huge margin. That is one place they don’t cut patrons a deal.
Posted on 6/17/21 at 3:11 am to MikeD
They got enough rich folk in the membership to do whatever they want.
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