Why? Because of the Golden rules.
// Mr. Sinquefield can do anything he wants with his money. He has chosen to give a lot to support building a beautiful chess club in St. Louis and just gave the money for this tournament to attract the best players in the world-- and it was the strongest tournament ever held in the US.
We should all just be grateful instead of telling him what we would do with his money.
I'm just an amateur who is in love of chess as sport.
I read that the Sinquefield cup had prizes for 170K or more.
I don't understand why they couldn't organize 4-5 tournaments with 30K or more of prizes, which would attract, and give money, to more GMs/IMs and amateurs, like the World Open or similar strong tournaments.
After all if in chess there would be more money, maybe more people would compete, and take it more seriously as sport, compared to sports where players make million of dollars kicking balls of different sizes and shapes.