Adequan Global Dressage Festival Has to Reduce Prize Money

The FEI has criticised that the Adequan Dressage Festival in Florida offers too much prize money for a CDI4*; therefore they have ordered the organiser to cut the prize money for the event in March from $120,000 to $94,000, so dressage-news reported.  The reason: the strong US dollar, which influenced the conversion rate to Swiss Francs. The FEI told Equestiran Sport Productions, the organiser of the seven-week event that they would not approve the $120,000 – which they approved in 2015 and 2016. According to FEI rules the prize money for a CDI4*  has to be between at least 24,000 and at most 89,999 Swiss Francs.