EXTENDED COMMITMENT FROM SCOTTISH GOVERNMENT AND ABERDEEN ASSET

Future of the Aberdeen Asset Management 

Scottish Open secured through to 2020

NEWS RELEASE 
The Aberdeen Asset Management Scottish Open was given a significant boost today with news that its future has been secured until 2020, thanks to extended commitments from both the title sponsor and the Scottish Government.
Scotland’s First Minister, the Rt Hon Alex Salmond MSP, Aberdeen Asset Management Head of Global Equities, Stephen Docherty – representing CEO Martin Gilbert – and European Tour Chief Executive, George O’Grady, confirmed the agreement in the historic setting of Bute House in Edinburgh, the official residence of the First Minister.
The extended agreement through to 2020 will see one of the most prestigious tournaments on The European Tour continue to go from strength to strength.
The Scottish Government have pledged their support to the tune of £1 million per year through to 2020, while Aberdeen Asset Management will continue their title sponsorship of the tournament to the same date, both partners therefore adding three further years to their current contracts which run to 2017.
Under the new extension, the tournament prize fund will rise from £3 million in 2014 to £3.25 million for years 2015 and 2016; increasing to £3.5 million in 2017 and to a minimum of £4 million in 2018. 
The prize funds for 2019 and 2020 will be confirmed at a future date.