Fergus Bisset explains why a bigger prize fund in the AIG Women’s Open will have a direct impact on the number of women and girls playing golf.
Why Money Talks When It Comes To Growing The Women’s Game
The announcement that this year’s AIG Women’s Open will carry a prize fund of $5.8 million is a big step on the road towards gender pay equality in top level golf.
It’s also hugely significant for growing the women’s game overall. Bigger prize funds will mean more interest in tournaments, and more women being inspired to hit the fairways.
In recent years, a strong effort has been made by golf’s governing bodies, home unions, golf clubs and grass roots organisations to encourage women and girls to take up the game of golf – The Women in Golf Charter and England Golf’s Get into Golf activities for example.
The qualities of the sport are extolled – the exercise, the social side of the game, the competition, skills gained and fresh air to be enjoyed.
These are important initiatives, but I reckon the numbers of women drawn into the game by them will be eclipsed by those enticed into watching and playing golf by increased prize funds in top-level events.
With $5.8 million to be shared out amongst the competitors at Carnoustie this week, the AIG Women’s Open carries the largest purse in women’s golf.
The prize fund will increase by a further $1 million to $6.8 million for the 2022 AIG Women’s Open at Muirfield.
This is big news as golf’s governing bodies look to reduce the gender pay gap at the elite level of the sport.
The gap exists as, currently, there is a greater interest in men’s events because more men play the game and watch the top-level men’s action as live spectators and on TV.
More eyeballs mean greater opportunity for sponsors, which means more money, bigger purses, and more chance for tournaments to invest further and grow. It’s basic business and economics.
Through experience, the R&A is aware of how the level of prize money and interest in a tournament are inextricably linked.
Over recent years, under the guidance of Martin Slumbers, The Open Championship has advanced hugely from a commercial perspective – becoming a worldwide brand as well as an historic tournament.
By growing the status of, and global interest in The Open, sponsors, partners, TV and other media are prepared to pay more to be involved.
One way to grow that status and appeal is through increased prize money (a total of $11.5 million was on offer at Royal St George’s this July.)
Big prizes equal big interest.
A similar thing can happen with the AIG Women’s Open, and with other top-level women’s events for that matter.
We can be a bit coy in this country when it comes to talking cold hard cash – We’d like to think the prestige and honour of winning an event like the Women’s Open should be enough for those competing and watching.
Professional golfers play to make a living – their agents, caddies, sponsors and coaches are all in it to make a living.
Money also appeals to the wider public, and the prospect of a huge pay day at the end of this week at Carnoustie, $870,000 goes to the winner, gets people’s attention.
The public takes notice of the high stakes on offer and is more inclined to tune in or turn up.
There then are the eyeballs we need to start the process – more sponsors become interested, and more money goes in, meaning prize funds and tournaments grow.
And alongside all of this, more girls and women will be taking notice of the increased fame and wealth being enjoyed by the top-level golfers.
Those girls and women will be inspired, just as they might be by celebrities in any field of sports or entertainment, and they’ll look to emulate them, playing and continuing to watch, encouraging friends and family members to do likewise.
Fame and wealth are appealing – simple as that.
The heightened “celebrity” would mean yet more eyeballs on elite women’s golf. More interest and thus more money – it’s a self-perpetuating cycle.
Big winner’s cheques in Women’s Majors will lead directly to increased female participation in golf and, as the R&A clearly recognises, they provide a quick route to achieving that objective.