Round 2 of the Masters goes down Friday morning and afternoon. The major tournament runs through Sunday at Augusta National.

It's arguably golf's most sought-after fashion accessory. Your chances of coming across one have gotten a lot slimmer.

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.

The Masters' green jacket, conceived by Bobby Jones and Clifford Roberts, symbolizes golfing prestige. Awarded to tournament ...