“It's bull-(expletive)"
/
Brent Schrotenboer of the San Diego Union Tribune looks at the USGA's corporate shift and some of the quotes are worth noting as well as a sidebar on just how little money the City of San Diego will see from the U.S. Open revenues.
Why would this “purist” nonprofit suddenly be signing high-profile corporate partnerships with American Express, Lexus, IBM and the Royal Bank of Scotland?Pete Bevacqua of the USGA says they are absolutely drawing the line, until the line needs to be redrawn.
“It's bull-(expletive),” said Frank Hannigan, who worked at the USGA from 1961-89. “They don't need the money. I'm telling you as somebody who was intimately involved with USGA financial affairs for a long, long time. They do not need the money.”
“I would tell you we are absolutely drawing a line” on partnerships, said Pete Bevacqua, the USGA's chief business officer. “We have no intentions of going beyond four at this time. We didn't want to dive into anything recklessly. These are very measured steps we're taking.”
Purists such as Hannigan don't completely buy in, though. Told the USGA needs to diversify its revenue streams, Hannigan scoffed. “I said that in 1970,” he said.
And this was interesting...
A lion's share of the USGA's revenue stems from the Open, though it's hard to quantify exactly how much. Besides TV rights, there are ticket sales and merchandise. Last year, the USGA netted $6.8 million from U.S Open souvenir sales of $12.4 million. This year, the USGA will try to exceed that at the largest commercial symbol of the Open: its 39,000-square-foot merchandise tent.
“It looks like Wal-Mart,” Tatum said. “And I think Wal-Mart probably wonders why it can't be as effective in marketing and selling its products. I guess I have mixed reactions to that. When it involves a strictly commercial activity, I think it detracts from the scene and the emphasis of the game played at its ultimate level. But I do understand the economics and how useful that money can be.”