• Loading stock data...
Tuesday, May 21, 2024

Ryder Cup Expects Record Revenue, But Not Profit

  • The Ryder Cup is being played at Marco Simone Golf & Country Club in Rome.
  • Team USA has not won the Ryder Cup on European soil since 1993.
Adam Cairns-USA TODAY Sports

Rome is the center of the golf world this weekend, with the Ryder Cup being played Friday through Sunday at Marco Simone Golf & Country Club. Team USA will try to win in Europe for the first time since 1993.

Traditionally a split operation between the PGA of America and Ryder Cup Europe, it’s the latter’s time to shine this year. 

Ryder Cup executive director Guy Kinnings told Front Office Sports that this event should bring in record revenue for its European organizers, but he was hesitant to celebrate the achievement given the current economic state, filled as it is with the inflation and supply chain issues of a post-pandemic world.

The 2018 event in France generated roughly $90 million in revenue for Ryder Cup Europe.

“There’s a huge increase in sponsorship revenue, big increase in consumer (interest), and media rights are up,” Kinnings explained. “But obviously, the costs of doing business right now — putting on these big events — are pretty huge.”

Fan Favorites

As the Americans — who are betting favorites to win — look to make history, they’ll face hoards of chanting European fans cheering on the home team. Total attendance is expected to be around 250,000, with 50% of ticket holders under the age of 40.

In 2018, the French environs were enough to propel Europe to a sixth straight victory on home soil, but this weekend the grandstands and sold-out hospitality build-outs are even larger. 

“Everything we’ve done here on site here in Rome is significantly bigger,” Kinnings said.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The NBA’s Final Four May Not Be Exactly What the League Envisioned

This final four will need to lean on its own unique drama to draw big audiences.

Sports World’s Ground Zero: Dallas to Host NBA and NHL Conference Finals

American Airlines Center is the first arena to host NHL, NBA conference finals games in the same season since 2003.
Apr 17, 2024; Tempe, Arizona, USA; Arizona Coyotes left wing Lawson Crouse (67) celebrates after scoring a goal during the third period against the Edmonton Oilers at Mullett Arena.

New Stadiums, New Hurdles: Coyotes and A’s Face High Stakes

The former Coyotes owner takes further steps to try to advance his proposed arena project.

PGA Championship Drama Nearly Delivers a Major Boost to LIV Golf

Xander Schauffele takes home $3.3 million for his victory.
podcast thumbnail mobile
Front Office Sports Today

The Next Era of the Harlem Globetrotters

0:00

Featured Today

exclusive

‘This Is Semi-Pro’: Inside One Arena Football League Team’s Collapse

The collapse of the Georgia Force, as told by the players who lived it.
Michael Block signs autographs on the 18th hole during day three of practice for the PGA Championship at Valhalla Golf Club on Wednesday, May 15, 2024.
May 19, 2024

‘I Prefer It This Way’: How Life Works for PGA Club Pros

Here’s how life works for the qualifiers at golf’s second major.
February 5, 2019; Washington, DC, USA; The grounds of the Capitol Building empty out following the conclusion of President Donald Trump's State of the Union speech on February 5, 2019.
May 18, 2024

‘A Breathtaking Lobbying Campaign’: The NCAA’s Sophisticated Effort to Save Amateurism

Inside the carefully coordinated, multimillion-dollar operation to end the athletes’ rights era.
May 14, 2024

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

Ukraine’s Improbable Soccer Run Continues With Euros Qualification

The country reaches its first major soccer tournament since Russia’s invasion began.
March 4, 2024

FIA President Under Investigation for Alleged F1 Race Tinkering 

Mohammed Ben Sulayem is being scrutinized for his role in overturning a crucial penalty at F1’s 2023 Saudi Arabian Grand Prix. 
March 6, 2024

Super Bowl LVIII Scores Big With International Viewers

The NFL gets a 10% global boost compared to last year.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
February 29, 2024

Paris Games Gain Momentum With $2B Completion of Olympic Village

The $2.2 billion housing project finished on time and was essentially on budget.
Everton goalkeeper Jordan Pickford passes during the first half against the Everton.
February 26, 2024

Everton Financial Punishment Trimmed After Appeal Is Partially Successful

Everton’s appeal of the EPL’s 10-point punishment was reduced to a six-point loss.
Lionel Messi
February 23, 2024

Copa América Tickets Climb in Latest Lionel Messi Effect

Tickets for Argentina’s game in Miami are pushing five figures.
German protests
February 21, 2024

German Football League Abandons Outside Investment After Protests

Bundesliga rethinks $1 billion media rights plan.