World Cup of Golf finds new home in China

BEIJING (AP): The World Cup of Golf is moving to a new home in southern China and will return in 2011 as a biennial event to accommodate the sport's inclusion in the Olympic Games.

The 28-team competition will shift from the Mission Hills Shenzhen complex near Hong Kong to the Mission Hills Resort on Hainan, China's island province in the South China Sea, the Asian Tour said in a news release Monday.

Total prize money will rise from $5,500,000 to $7,500,000, making it one of the sport's richest events. Each member of the winning two-man team will take home $1,200,000. Golf will return to the Olympics in 2016.

The new Mission Hills Resort on Hainan is China's largest golf development, boasting 22 courses.

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