Originally Posted by
Bluedog
I used to work with somebody who previously had worked for the Finance Department for the PGA. He said that job drove him crazy because the PGA wasn't actually trying to maximize revenues/reduce expenses like a "typical business" and didn't really care if they made money -- they just wanted to be the organizing body and were complacent if the tour was popular and the tournaments made money for those organizers. Mind you, this was 10+ years ago so maybe things have changed or he didn't have real insights, but I still found the comments interesting. But when you have another entity with unlimited funding that cares even LESS about making money, certainly that is a form of major disruption to your industry.
I knew a borderline professional tennis player who salivated over the PGA purses for borderline guys...in tennis, you get bupkus and have much higher travel expenses given tournaments are more widespread around the world. But maybe there's more revenue generated by golf tournaments than tennis, I do not know.
Word on the street is that made a lot more money than they let on.
"We are not provided with wisdom, we must discover it for ourselves, after a journey through the wilderness which no one else can take for us, an effort which no one can spare us, for our wisdom is the point of view from which we come at last to regard the world." --M. Proust