06
Jul
10

The R and A increase Prize Fund for The Open

How strange that on the day when it shows that the daily entrance fee for The Open at St Andrews is now £60.00,

The R and A announce an increase in prize money for some of the riches sportsmen in the world?

There is clearly no recession when it comes to the Open.

6 July 2010, St Andrews, Scotland:  The R&A has announced the prize fund for this year’s Open Championship.  The 2010 prize fund will be £4.8 million of which the Champion will receive £850,000. This represents a substantial increase in the total prize fund which had remained at £4.2 million for the last three Championships, with the Champion receiving £750,000 in each of those years.

“The Open Championship sits at the forefront of world golf and it is appropriate that our prize fund reflects that position in the game,” said The R&A’s Chief Executive, Peter Dawson.

“Over the last eighteen months we have had to take account of the Pound’s weakened position against the US Dollar and the Euro, and we have increased our prize money accordingly.”

I believe that the pound is now in good shape with the dollar.

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