Friday, 18 December 2009

Debt could derail Dubai's big-money events

Dubai's ability to host big-money events in tennis, golf and horse racing is coming under scrutiny as the emirate struggles with massive debt.

Many wonder whether the Persian Gulf sheikdom can afford to continue bankrolling high-profile events that offer lucrative prize money.

"I suspect there could be slight cuts in prize money," said Sean Ennis, a professor of sports marketing at the University of Strathclyde in Glasgow, Scotland.

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