The Trust’s Makeup
Ryder Cup Limited had been a 50/50 joint venture between The European Tour and The Professional Golfers’ Association Limited. In 2004 a new Ryder Cup agreement was drawn up, to involve the Confederation of Professional Golf through a charitable trust, changing the split to 60/20/20, with the European Tour becoming the managing partner. At the same time the Ryder Cup European Development Trust was created, in order to allow Ryder Cup to put even more back into grass roots golf across the continent. The PGA remained significantly involved as the founding partner.
Confederation of Professional Golf
A Confederation of 33 National PGAs (28 European and 5 international) with a collective membership in excess of 13,450 golf professionals, the Confederation of Professional Golf (CPG) is committed to the advancement of golf, golfers and the golf profession across Europe.
The Confederation is also a partner in Ryder Cup Europe as the sole member of the Ryder Cup European Development Trust, and is widely acknowledged as a lead body in the delivery of golf development expertise on a global basis through its collaboration with The R&A in its “Working for Golf” programme.
The Professional Golfers’ Association Limited
The PGA is a members’ organisation for golf professionals. It has been at the heart of the game since 1901, when professionals of the day, led by the Great Triumvirate of JH Taylor, Harry Vardon and James Braid, formed an organisation to protect the professionals’ interests and promote the game of golf.
The PGA European Tour, a company limited by guarantee, operates a broad range of business initiatives essential to its primary mission of administering professional tournament golf. It is a unique business which generates profits for the benefit of the Members – the tournament players – who receive their dividends by way of competing and winning prize money.
The growth and development of The European Tour is well documented. In 2014 The European Tour International Schedule consisted of 49 tournaments in 27 destinations with prize money of €147,074,445 compared to a total prize fund of €350,000 when the Tour was born in 1972. The European Challenge Tour and the European Senior Tour had prize funds of €6,181,228 and €6,987,865 respectively in 2014. The European Challenge Tour consists of 24 tournaments in 19 countries and the European Senior Tour hosted 14 tournaments in 11 countries on the 2014 schedule.
The funds drawn from sponsors and suppliers, television and ticket sales, hospitality and governments, support a thriving international community in which The European Tour actively promotes the game at all levels.