re: Interesting question re:The Masters

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You couldn't be more wrong. The membership book alone is worth billions. It includes presidents, politicians, celebrities, business moguls, etc.

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Yes, but isn't the membership dues actually pretty reasonable? Especially for a club like Augusta?

I remember seeing the dues a few years ago and was really surprised at how low the costs was.

I googled it, not sure how accurate google AI is with it..

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How much does a membership cost?
Like its membership roster, the club keeps its finances close to the vest. It’s difficult to find an accurate tally, with reports ranging from an initiation fee between $40,000 and a half-million, and annual dues between $10,000 and $50,000.

The club has roughly 300 members, and the costs are considered a bargain, though membership is only accessible to the world's most influential individuals.

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Wonder how the $40,000 to $500,000 initiation fee works... who gets to pay $40,000 and who has to pay $500,000.

Anyone who has had a pulse or cares about golf since Tiger has been involved understands they have an uptick in viewers when he's involved...


Whether you want to watch him crumble, or you want to watch him succeed.

Nantz and the CBS crew love the storylines and that is what the Masters is all about.

Got it with Rory last year...

What will be the story this year?

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If Augusta National were to be placed on the market for sale (obviously, never going to happen), would it be worth as much as the Dallas Cowboys?

With The Masters tournament and all the licensing/merchandising a hypothetical new owner could take advantage of, it kind of makes you think.

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The rough estimate of the value of Augusta National is around $10-12 billion. This is the real estate, club assets and holdings etc.

The Masters tournament has to be treated as a separate entity. The tournament produces around $200 million per year. The merchandise is another separate entity that produces around $70 million per year.

So, I'd say that if you wanted to take over ANGC and the Masters tournament you'd probably be looking at north of $15 billion. That includes the property, assets and 10 years of forward earnings from the Masters Tournament and merchandise sales.

This is obviously all fantasy and a very rough estimate. The real value of the place is connections and power. Not really something that can be financially calculated.

That's pretty much where my son and I ended up on our discussion. Last I saw, Dem Cowboys was in the neighborhood of $13B. It was an interesting question.

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It's lost its luster and has "sold out" in many ways to the main stream media..

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An absurd statement. The Masters has never sold out and will never lose its luster.

Haters gonna hate.

I’ve entered the ticket lottery multiple times and haven’t won. I bought a shirt at an estate sale. Im going to wear it this week. Come at me me bro.

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So it’s like a Wikipedia page

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Lol

The Masters is an example of excellent marketing and promotion. It’s not the oldest golf tournament but now it’s the most popular and most revered.

Wimbledon is the oldest tennis tournament in the world. So it makes it logical why Wimbledon is the most popular tennis tournament.

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It’s not the oldest golf tournament but now it’s the most popular and most revered.

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There's a few reasons for that and I don't know that marketing really plays into it unless you consider the exclusivity to be marketing.

The Masters is the only major played at the same place every year, and it falls on the calendar when much of the country is starting to dig their golf bag out and play themselves.

If you didn't grow up as a middle or upper class Augusta native (they all know somebody) or willing to fork out way too much money, you have to win the ticket lottery. Any unwashed heathen can attend the US Open or PGA Championship.

And lastly, it's a famously beautiful golf course that is meticulously maintained