South Africa Secures Rights To Big-Money Golf Event For 10 Years

South Africa has secured the hosting rights for golf's new, $8.5M Tournament of Hope for 10 years, according to Jason Humphries of REUTERS. The event, announced in February and sanctioned by the world's leading tours, will have a prize fund “second only to the Players Championship,” which offers $9.5M. The tournament will be held Nov. 21-24, 2013, a week earlier than originally planned on a course to be determined (REUTERS, 10/2). The new tournament will be co-sanctioned by South Africa’s Sunshine Tour and prize money will also count on the European Tour’s Race to Dubai money list. South Africa’s tour had initially said the event would be the world’s richest, with prize money of $10M on offer, but it will now offer the same purse as the three U.S.-based WGC events: the Accenture Matchplay, the Cadillac Championship and the Bridgestone Invitational (PGA).