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Old 11-19-2007, 12:39 PM   #1
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Default Dubai to host golf's richest event, prize money of $10 million

LONDON, England -- Dubai will stage the world's richest golf tournament as part of the European Tour's 2009 schedule.

The Dubai World Championship, to be held at Jumeirah Golf Estates on November 19-22 of that year, will have a prize pool of $10 million -- with $1,666,660 on offer for the winner.

The Tour's Order of Merit will be renamed The Race to Dubai with a prize pool also of $10 million, and is expected to start in January from 2010 instead of late November on the current calendar.

The top-ranked player will receive $2 million, the runner-up $1.5 million and the third-placed player $1 million, with prizes down to the 15th player, who will earn $250,000.

European Tour chief executive George O'Grady said: "This is so much more than a tournament sponsorship. It is a long-term partnership which will see the European Tour and Dubai joining together to significantly enhance the game worldwide and take golf to a new level for spectators everywhere."

The first five years of the Tour's new partnership with Leisurecorp, the company developing Dubai's leading residential golf community, will also see the building of a new international headquarters for the governing body and the creation of a global property company to develop new tournament venues around the world.

The inaugural event will run on either the Fire or Earth course, both of which were designed by former world No. 1 Greg Norman.

The Jumeirah complex also includes a Water course designed by Vijay Singh and a Wind course carrying the names of Norman, Sergio Garcia and American designer Pete Dye.

The agreement signed between Leisurecorp and the European Tour includes an option to extend for a further five years.

O'Grady added: "The scale of this agreement is testament to the vision of Dubai and its ruler His Highness Sheikh Mohammed bin Rashid Al Maktoum, who has recognized the dynamic role golf can play in developing the global profile of this amazing city.

"It is also testament to Sultan Ahmed bin Sulayem (chairman of Leisurecorp's parent company Dubai World), who has been instrumental in turning that vision into reality.

"The Race to Dubai will bring a new dimension to the European Tour, creating great drama and theatre throughout the year as all the best players in the world are given the opportunity to compete in the world's richest tournament.

"Moreover, as the European Tour has become ever-more global in its outlook, it has become increasingly important to us to have an international base in a strategically-placed location.

"Dubai is a massively important and growing hub, with outstanding air links to all our locations, and the perfect place for us to offer a tailor-made service to all our members through the Center of Excellence at the European Tour International Headquarters."

As with the current season-ending Volvo Masters at Valderrama in Spain, the Dubai World Championship will be restricted to the leading 60 players on the European money list.

The money on offer exceeds what is currently on offer at the four major tournaments.

The British Open is the richest of those at the moment at $8.6 million, with the Masters, U.S. Open and U.S. PGA all just under $7 million this year.

The U.S. Tour's Players Championship is the richest single event, offering a purse of almost $9 million.

Source: http://edition.cnn.com/2007/SPORT/go...bai/index.html
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Old 11-19-2007, 08:18 PM   #2
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Default Re: Dubai to host golf's richest event, prize money of $10 million

Dubai this, Dubai that. Man this emirate has a lot of my respect.
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Old 11-19-2007, 10:06 PM   #3
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Default Re: Dubai to host golf's richest event, prize money of $10 million

Ill be playing there for sure
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Old 11-20-2007, 01:47 PM   #4
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Default Re: Dubai to host golf's richest event, prize money of $10 million

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Originally Posted by Jim Jones View Post
Dubai this, Dubai that. Man this emirate has a lot of my respect.
next year they are going to build the highest building in the world called Al Burj topping Burj Dubai (currently the highest building in the world and not even finished) with a height of 1050 meters. Constructor is Nakheel. They've a higher net income than Microsoft.

http://en.wikipedia.org/wiki/Al_Burj

Last edited by Bilbo : 11-20-2007 at 01:55 PM.
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Old 11-20-2007, 01:58 PM   #5
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Default Re: Dubai to host golf's richest event, prize money of $10 million

What a waste of money.
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Old 11-20-2007, 02:01 PM   #6
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Default Re: Dubai to host golf's richest event, prize money of $10 million

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Originally Posted by Scotso View Post
What a waste of money.
Dubai is money, not waste of money
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Old 11-20-2007, 02:53 PM   #7
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Default Re: Dubai to host golf's richest event, prize money of $10 million

All the money in the world still won't let you take your girlfriend to dinner in a local restaurant.
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Old 11-21-2007, 10:08 PM   #8
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Default Re: Dubai to host golf's richest event, prize money of $10 million

Quote:
Originally Posted by Bilbo View Post
next year they are going to build the highest building in the world called Al Burj topping Burj Dubai (currently the highest building in the world and not even finished) with a height of 1050 meters. Constructor is Nakheel. They've a higher net income than Microsoft.

http://en.wikipedia.org/wiki/Al_Burj
Unfortuntely I do not think so.

According to the same article.

According to officials at Al Nakheel, the tower was originally designed to be at least 700 m (2,297 ft) tall and have more than 160 floors but no specific figures have been disclosed. This is very much the same strategy as that employed by Emaar with the Burj Dubai which, currently under construction, is now the worlds tallest structure and is on its way in becoming the world's tallest building ever built, upon completion. The secrecy behind Al Burj's height originally suggested that it will also try to compete for this title and rumours even suggest it will break the 1,000 m (3,281 ft) mark. There is indeed evidence from the latest renditions that height increases have been made. One of these renders even shows the tower with more than 200 floors. The 16 March, 2007 article by Construction UAE referenced above states that the tower will indeed begin construction later this year and that it will be 1,200 m (3,937 ft) tall.

However, in an article from Construction Week,[6] Al Nakheel CEO Chris O'Donnell said that "height isn't everything" and that iconic buildings were more important. This may indicate that building Al Burj to be taller than the Burj Dubai has been deemed financially infeasible by Nakheel, the project has been significantly scaled back, and that this building is no longer a competitor for tallest building in the world.[6]

Only a week later, an article in MEED.com claims that the tower will be taller than 1 kilometre. [7
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