The Badminton World Federation announced USD11.5 million in prize money over the next four years for the BWF World Tour finals on Wednesday.
BWF Secretary General Thomas Lund said the prize money injection is a significant boost for the entire badminton community.
“We are delighted to be able to confirm US$11.5 million over the next four years for what already is our signature finale to the HSBC BWF World Tour,” Lund said in a statement.
“This represents an overall greater commitment to our players and contributes to an enhanced world-class sports product that we seek.
“We are excited by the prospect of making Hangzhou the new home of the season-ending finals and can’t wait to see the world’s top stars fight it out for ultimate glory.”
Lund added that the allocation of World Ranking points for the BWF World Tour Finals, BWF World Championships, and Olympic Games had also increased.
The BWF World Tour Finals 2023 will be played at the Hangzhou Olympic Sports Centre Gymnasium from 13-17 December.
The Top 8 qualifiers from the Race To Finals rankings will be confirmed following the China Masters 2023.
At the moment, No Indian shuttler is in the race to the finals of the BWF World Tour Finals as Lakshya Sen is ranked 16th in the men’s singles while HS Prannoy and Kidambi Srikanth are ranked 17th and 23rd respectively.
In women’s singles, PV Sindhu is ranked 15th in the race and is far from the top eight qualifiers.
The closest to the qualification are the men’s doubles duo of Satwik Rankireddy and Chirag Shetty who are ranked 13th in the rankings but with injury issues and dip in form, they don’t seem to have much time to qualify for the finals.