The European Tour was given a financial fillip today after DP World extended its title sponsorship of the circuit's end-of-season DP World Tour Championship for a further five years.
The new agreement until the 2020 season will see DP World support the lucrative climax of the Race to Dubai in addition to the company's existing sponsorship of tour events in India, Hong Kong, China, and Turkey. DP World are also involved with this week's BMW PGA Championship at Wentworth.
The DP World Tour Championship, which will be staged for a seventh time this season at Jumeriah Golf Estates from November 19-22, boasts a prize fund of $8 million, with the winner taking home a cheque for $1.3 million.
In addition, the leading 15 players on the Race to Dubai at the end of the tournament will share a $5 million bonus pool with the eventual winner of the order of merit pocketing £1.25 million.
"This puts us in rude health for the future," said George O'Grady, the out going chief executive of the European Tour.
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