12 Jun '13, 6pm

Report: USGA to lose $10 million on U.S. Open

Report: USGA to lose $10 million on U.S. Open

It wasn’t an easy decision for the USGA to host a U.S. Open at Merion, a golf course that has about half the land as last year’s U.S. Open venue, the Olympic Club in San Francisco. And according to a Bloomberg report, it won’t be easy on the USGA’s finances either. Bloomberg’s Michael Buteau is reporting that the USGA is expecting a loss of $10 million this week on the U.S. Open at Merion Golf Course. The report cites a source with knowledge of the USGA’s finances, who was granted anonymity because of the private nature of the finances. Ticket sales for Merion were limited to 25,000 a day, which according to Bloomberg is down about 45 percent from the typical 40,000 to 45,000 tickets that are usually sold for U.S. Opens. That not only decreases ticket revenue, but sales of concessions and memorabilia as well. “I don’t think we’ll make up for the loss,” Sarah Hirshland, sen...

Full article: http://www.golfwrx.com/107086/usga-to-lose-10-million-on-...

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