British Open joins US Open in leaving prize fund at same level
The U.S. Open also did not boost its purse this year at Oakmont.
The winner this week at Royal Portrush will receive $3.1 million, the same amount Xander Schauffele earned last year at Royal Troon.
The four majors had been gradually increasing their prize money in recent years. The Masters increased its prize fund by $1 million to $21 million. The PGA Championship went up $500,000 to $19 million.
The U.S. Open left its purse at $21.5 million, still the highest of the four majors.
It's an example that the biggest championships are not about prize money, but green jackets and claret jugs. The Players Championship on the PGA Tour has a $25 million purse. PGA Tour signature events and Saudi-funded LIV Golf events have $20 million prize funds.
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AP golf: https://apnews.com/hub/golf
The U.S. Open also chose not to increase the purse this year, leaving it at $21.5 million.
The Masters was at $20 million this year.
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The Company intends to use the proceeds from the offering for working capital and general corporate purposes. Revere Securities LLC and Dominari Securities LLC are acting as co- placement agents for the Offering. The securities offered and sold by the Company in the private placement have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the "SEC") or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of common stock and shares underlying the Pre-funded Warrants and Common Warrants to be issued in the private placement. Any resale of the Company's shares under such resale registration statement will be made only by means of a prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The securities will not be registered under the Securities Act or any state securities laws when issued at the closing of the private placement, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state laws. About Aureus Greenway Holdings Inc. Aureus Greenway Holdings Inc. (Nasdaq: AGH), owns and operates daily fee golf country clubs in the state of Florida that are designed to appeal to a wide-ranging population. 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Aureus Greenway's Annual Report on Form 10-K for the year ended December 31, 2024, and its periodic filings with the SEC provide a detailed discussion of these risks and uncertainties. There can be no assurance that Aureus Greenway will be able to complete the offering on the anticipated terms, or at all. Aureus Greenway does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, as required by law. Contact:Aureus Greenway Holdings Inc. aureus@
