Prizemoney boosted to US$3m as Omega waits in the wings
The Hong Kong Open will increase its prize money to US$3 million next year and is close to signing blue-chip title sponsor Omega to replace UBS. Omega president Steve Uruqhart hinted at returning to the helm - they backed the event for five years from 2000 to 2004 before UBS took over - at the World Cup in Hainan last week and an Omega official confirmed yesterday a return was on the cards. She said: 'Hong Kong is very important to us and we are keen to be back.' Hong Kong Golf Association president David Hui Chun-yue said negotiations were still in progress with Omega, but confirmed prize money for next year would increase from US$2.75 million to US$3 million. 'We are talking to Omega as well as a number of other people. What we want is for this event to get bigger and with that in mind, we are increasing the prize money to US$3 million next year,' Hui said.