The Masters was started by amateur champion Bobby Jones and investment banker Clifford Roberts.[4] After his grand slam in 1930, Jones acquired the former plant nursery and co-designed Augusta National with course architect Alister MacKenzie.[1] First played 86 years ago in 1934, the tournament is an official money event on the PGA Tour, the European Tour, and the Japan Golf Tour. The field of players is smaller than those of the other major championships because it is an invitational event, held by the Augusta National Golf Club.