The “value” of a green jacket presented to the winner of The Masters can vary depending on who you ask. Some will say it’s ...

Watching the Masters on Sunday and suddenly wondering why all the members and winners of the tournament at Augusta National wear those same green jackets and the origin story behind it?

The Augusta National Golf Club legally owns all Masters Tournament green jackets, a federal court has confirmed. While champions are given possessory rights, they do not own the jackets themselves.