If an American golfer wins The Open Championship, they can thank Brexit for the decrease in their winnings after crossing the Atlantic.
Although the purse for The Open has increased since 2015, the value of the pound has decreased as a result of the recent British exit from the European Union. Total prize money for the tournament will be £6.5m, an increase of £200,000 from Zach Johnson’s win last year. When Johnson won he made £1.15m and when he went back home he took with him a cool $1.8m.
The pound has reached a 31-year low against the dollar and a 3-year low against the euro. What does this mean for an American winner? It means that they would claim around £1.175m ($1,518,276.25) or less if the pound falls further. So even with a £250,000 increase, the U.S. winner would take home about $3,000 less than Johnson did last year.
Granted these guys can live with the loss of a few thousand dollars. It’s just interesting that even though the tournament committee is trying to make The Open more lucrative against other majors, their efforts have been demeaned by the loss of value in the pound.
Instead of “Thanks Obama”, the British are probably like “Thanks Brexit”.