R&A Chief Criticizes Unsustainable Prize Money Growth in Golf

Martin Slumbers warns that rising payouts in elite golf events threaten the sport's financial stability and public perception.

The 2024 Open Championship's prize fund increased to $17 million, with $3.1 million for the winner.
Concerns are growing over the influence of Saudi-backed LIV Golf, which offers $20 million purses and $4 million to winners.
The PGA Tour has responded with 11 tournaments featuring $20 million or more in prize funds this year.
R&A emphasizes the need to balance elite event funding with investment in grassroots and amateur golf.
Martin Slumbers, retiring R&A CEO, stresses the importance of sustainable financial practices for golf's future.