The Volvo Masters was the concluding official money event of the European Tour season until 2009, when it was replaced by the Dubai World Championship. The event was founded in 1988 and held at Valderrama Golf Club in Andalusia, Spain, except for a five-year period between 1997 and 2001 when Montecastillo Golf Club played host to the tournament. Prior to 2007, the Volvo Masters was held one week before the Tour Championship to allow golfers who are members of both the European and PGA Tours to participate, but this changed after the PGA Tour rescheduled their event to mid-September.