Revisiting the USGA's FOX windfall income
What did USGA do with all that cash?
Recall that FOX paid $323 million in 2020 to extricate itself from a 12 year $1.1 billion contract to carry USGA events, including the US Open, between 2015-27.
It’s never a good thing when an organization is less transparent than it used to be which is where we find the USGA today. As a result, we don’t really know with certainty how effectively the US…
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