TROON, Scotland — The British Open is raising its prize fund by $500,000 to $17 million, the smallest of the four majors and 28th in size against all of men's professional golf. And for now, that's just fine with Martin Slumbers, the retiring CEO of the R&A.
TROON, Scotland — The British Open is raising its prize fund by $500,000 to $17 million, the smallest of the four majors and 28th in size against all of men’s professional golf.Driving the wild increases in golf purses is Saudi-backed LIV Golf, which launched in 2022 with $20 million purses for 48-man fields and $4 million to the winner. The PGA Tour responded in a bid to keep from losing star players, and this year had 11 tournaments with prize funds of $20 million or more.
In announcing the slight boost in prize money — the winner will get $3.1 million, a $100,000 boost from last year — Slumbers said the R&A had a responsibility to “strike a balance” between the British Open’s position in world golf and the R&A needing money to develop and oversee amateur golf all over the world except for the US and Mexico.
“We are determined to act with the interests of the global game in mind as we pursue our goal of ensuring golf continues to thrive in 50 years’ time.”
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