European tour to up prize money

The chief executive of golf's European Tour says more prize money has to be found to deter players from defecting to the US PGA circuit.

Golf's European Tour must offer more prize money to deter players from defecting to the US PGA circuit, Europe's tour chief executive said on Tuesday.

Of the world's top 10 players, only Rory McIlroy and Justin Rose plus Sweden's Henrik Stenson are members of the European Tour.

"We need to raise prize purses, increase playing opportunities and give our elite players an opportunity for a viable option to the PGA Tour -- that won't happen overnight," Keith Pelley, chief executive of the European Tour, told a news conference in Dubai ahead of the season-ending $8 million DP World Tour Championship, which begins on Thursday.

"We need to be too important to be dismissed. There are many ways that we will execute that through television, sponsorship, partnerships."

But increasing these revenues will be difficult without more of golf's star players in attendance, and to attract those names the tour requires more money.

"We need to provide a viable alternative to the PGA Tour for our elite, medium and low-ranked players," said Canadian Pelley, who took over from George O'Grady in August.

"That's not going to happen necessarily in 2016. You'll start to see it come to fruition in 2018."

May's $US5.33 million BMW PGA Championship at England's Wentworth course is usually billed as the European Tour's flagship event, yet Pelley downplayed that description, pointing out the US tour's Byron Nelson event held the same week offered a larger money pot.

"That's unacceptable. Wentworth needs to be $US8-10 million," said Pelley. "Our flagship event right here is the DP World Championship."

The Dubai tournament is the last of four in the tour's so-called Final Series, with a further $US5 million in prize money to be split between the top 15 money winners this season.

From 2016, the Final Series will constitute three events --Dubai and the Turkish Airlines Open, plus a new addition in South Africa's Nedbank Golf Challenge.

Shanghai's WGC-HSBC Champions will no longer be included, although it will remain as a regular-season event, and the BMW Masters, also held in Shanghai, will be removed from the schedule entirely.


Share

2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world