PSA announces highest-ever prize money following record-breaking 2022-23 season

August 08 2023

The future looks bright for professional squash with the Professional Squash Association (PSA) revealing that the 2022-23 PSA World Tour season offered a remarkable $8,947,290 in player compensation, representing a substantial 9.4% increase compared to the previous season & signifying the sport's growth and development as it is poised to reach new heights in the coming seasons.

This record-breaking player compensation announcement followed a major investment by Squash SM&E Holdings, a Sports, Media, and Entertainment Group led by the renowned businessman Mark Walter. The group acquired a stake in Squash Media & Marketing (SMM), a commercial entity managed by the PSA. This investment has paved the way for positive changes in the sport, enabling SMM to organise more events and subsequently increase player compensation.

The 2022-23 PSA campaign featured a remarkable 823 events across the PSA World Tour, PSA Challenger Tour, and the WSF & PSA Satellite Tour, marking another record figure in the sport's history. Moreover, the PSA anticipates an even higher number of events in the upcoming season, thanks to the boost in resources from the recent investment.

The women's tour saw a total of $4,075,779 awarded in prize money, while the men's tour boasted a total of $4,871,511 in winnings. Nouran Gohar claimed the top spot as the highest-earning female player on the tour, amassing a substantial $275,600 in total compensation. On the men's side, Ali Farag earned an impressive $247,650, making Gohar the most successful player in terms of earnings for the second consecutive season.

It's also worth noting that the average earnings for the top 10 male and female players totalled $151,663, showing a commendable 6.6% increase compared to the previous season.

Throughout the 2022-23 season, the PSA Tour featured 497 men's events and 326 women's events, with 66 countries playing host to these competitive tournaments.

PSA Chief Executive Alex Gough expressed delight at the record prize money announcement, attributing it to the dedication of tournament promoters and the PSA Tour team. Alex Gough also highlighted the positive impact of the investment from Squash SM&E Holdings, which has allowed SMM to expand its event offerings and introduce new events to the calendar for the 2023-24 season. The future looks bright for professional squash, with more exciting developments on the horizon.

The international professional squash has experienced remarkable growth and success throughout the 2022-23 PSA Tour season, with a significant increase in player compensation and the addition of new events. With the support of key investors and a passionate team, the sport is set to reach new heights in the coming seasons.

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