It looks like Peter Robinson is going to sponsor the Isle Of Man tournament this year. He is well-known for his generosity.
The prize fund will be a cool £7,000,000. Eat your heart out Maurice Ashley.
I think the best way to do it, would be for to have a prize fund of 1 million for the Masters section, a prize of 1 million for the Minor section and a prize fund of 5 million for the Major section.
Maybe Peter will play himself?
1 Timothy 6:10 For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.