It has been claimed that finances of the European Tour are heavily dependent on the Ryder Cup. Days before the start of the 2014 Ryder Cup, American golf journalist Bob Harig noted,In simple terms, the European Tour loses money in non-Ryder Cup years, makes a tidy profit in years the event is played in the United States (where the PGA of America, not the PGA Tour, owns the event and reaps the majority of the income), and then hits the lottery in years the tournament is staged in Europe. Earlier this year, Golfweek reported that the European Tour made more than 14 million pounds in pre-tax profit in 2010, the last time the Ryder Cup was staged in Europe. A year later, when there was no Ryder Cup, it lost more than 2.2 million pounds. Harig also added that the PGA European Tour extracts significant concessions from Ryder Cup venues. The owners of the 2006 and 2010 venues (respectively Sir Michael Smurfit and Sir Terry Matthews) committed to hosting European Tour events at their venues for more than a decade after winning bidding, and also guaranteed the purses for those tour events.
