In 1992, Valhalla was selected to host the PGA Championship in the year 1996, one of golf's four majors. The following year (1993), the PGA of America purchased a 25% interest in the club. After the championship in 1996, the PGA of America raised its stake to 50% and announced that the event would return to Valhalla in 2000. At its conclusion, the PGA of America exercised an option to purchase the remaining interest in the club. Later that year, it announced that the Ryder Cup would be held at Valhalla in 2008.