Report: USGA Expecting To Lose $10 Million At Merion This Week

Bloomberg's Michael Buteau reports.

Ticket sales were limited to 25,000 a day, down about 45 percent from the typical 40,000-45,000. Fewer fans means less revenue from concessions and merchandise. The USGA, which governs the sport in the U.S. and Mexico, is expecting to lose $10 million on the event, according to a person with knowledge of the organization’s finances. The person was granted anonymity because the information isn’t public.

“I don’t think we’ll make up for the loss,” Sarah Hirshland, senior managing director of Business Affairs for the USGA, said in a telephone interview. “Clearly these line items will look different this year.”

Hirshland declined to say how much money the event would lose.