Hong Kong Open Seeks Government Funding

Organisers of the Hong Kong Open golf tournament hope to secure additional government funding to help fill a sponsorship shortfall of about $2.75 million.

The event is run by the Hong Kong Golf Association and has been without a naming rights or title sponsor since its deal with USB ended in 2010.

The Association’s head, Iain Valentine, said the organisation will approach the Government’s Mega Events Fund to seek funding.

It is understood the event secured $1.03 million in funding from the Mega Events Fund to help run last year’s tournament.

Other reports say that watch company Omega had considered the sponsorship but was more interested in other sponsorship opportunities in China.

China also hosts the increasingly-popular BMW Masters and the HSBC Championships.

Major sponsorship of The Singapore Open will soon be available after financial services company Barclays announced it would end its sponsorship this year.{jcomments on}