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Prize money is on the up

PRIZE money on this year's European Tour has risen 18.5 per cent to record levels.

Seven new tournaments plus increases in the payments at four others have boosted the financial rewards available from the 2015 Race to Dubai to €166m, a rise of €26m.

"It is clear from these positive figures that the European Tour is currently on a very stable footing," said the Tour's chief executive officer and director of international policy Keith Waters.

"Our aim is to give all our members playing opportunities in events around the world, and our robust schedule gives them the chance to do just that.

"The seven new tournaments which have joined the European Tour International Schedule in 2015, together with significant prize fund increases for some of our established tournaments, have helped create a schedule which we believe is unparalleled in its strength, variety and diversity," added Waters.