HK Open cuts prize money

2012-09-20 09:50
Golf ball near hole (File)

Hong Kong - Prize money for the prestigious Hong Kong Open has been cut $750 000 to $2 million, organisers said on Thursday, blaming the state of the world economy.

It comes despite the tournament, one of the biggest in Asia, retaining sponsor UBS, the Swiss bank. This year's Hong Kong Open is November 15-18.

"It's one of these things that have happened because of the downturn of the world economy," Hong Kong Golf Association Chief Executive Iain Valentine told AFP, saying he did not expect it to affect the quality of the field.

Valentine said he was hopeful that stars such as Rory McIlroy, the world number one, will return to defend his title. The tournament is co-sanctioned by the European and Asian Tours.

"The Hong Kong Open has a very unique place in the European Tour schedule of events and people like to play Hong Kong because of the golf course and because of Hong Kong in general, they just like coming here."

The 23-year-old Northern Irishman, winner of the 2011 US Open and this year's PGA Championship, is believed to attract large appearance fees.

Organisers are reportedly seeking HK$16 million ($2.06 million) from a Hong Kong government fund to assist the showpiece event, double what it received last year.

Read more on:    golf


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Sport Talk

Love 2 Meet
Sport24 on Twitter

Follow Sport24 news on Twitter


30 of the world's greatest golfers will be heading to the Gary Player Country Club for this year's Nedbank Golf Challenge - now in its 35th year. For all the latest news, player profiles, hole-by-hole descriptions and past winners, be sure to check out Sport24's dedicated section.

Latest blogs

Which is your favourite event on the golfing calendar?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

There are new stories on the homepage. Click here to see them.