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Golf News // European Tour rebranding to DP World Tour, doubling prize money starting in 2022 (www.espn.com)

DUBAI, United Arab Emirates — After 50 years, the European Tour is no more.

Starting in 2022, it will be rebranded as the DP World Tour in a deal that is set to double the total prize money — to more than $200 million.

European Tour chief executive Keith Pelley said the title change better reflects the global nature of the tour.

On the 2022 schedule, only 23 of the 47 events will be staged on European soil.

“In many ways, it’s a misnomer,” Pelley said of the European Tour’s current title. “We are definitely a world tour.”

“We will always remember our heritage,” Pelley added, “and those who have gone before us who helped us shape our tour … but we also rejoice in our global footprint.”

Pelley said there will be a minimum prize fund of $2…

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