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Thanks for the info. I actually looked up their financial statements and it's a lot smaller operation than I would have guessed. Just 1.5B in revenue on their l
by cool_dude85 4y ago
Thanks for the info. I actually looked up their financial statements and it's a lot smaller operation than I would have guessed. Just 1.5B in revenue on their last filing. For reference to other American sports, that's just around 3 times the revenue for the Green Bay Packers alone.
- theluketaylor 4y agoTheir financial structure is pretty interesting. I think each tournament is run as it's own charitable organization, so the 1.5B PGA Tour books is far from all the money in the system. Plus a ton of the money is direct sponsorships to players and there are rules how big and how many logos players can have. Even caddies make money wearing sponsored hats and shoes. Tour cards are limited to about 250 as well, with each field being about 150 (it varies), so the money is split by a much smaller pool of players than any team sport, where an NFL team alone might have 90 rostered guys.