THE European Tour has announced that next month’s Andalucia Masters tournament has been cancelled due to a lack of funding.
The prestigious golfing event was set to be held at the Valderrama club in Sotogrande from October 18-21.
European Tour boss George O’Grady commented today: “This is extremely disappointing news to receive, especially at such a late date,
“Despite discussions with the Royal Spanish Golf Federation, and a formal legal agreement with the Junta de Andalucia, the tournament will not take place.” He added.
It is thought that the current financial crisis has left the Junta de Andalucia unable to come up with the €3 million needed in prize money.
Three other Spanish golf tournaments have been cancelled for similar reasons this year: the Madrid Open, the Castellon Masters and the Iberdrola Open.