LONDON (AP) — Britain’s leading literary award, the Man Booker Prize, faces uncertainty after its main financial backer announced it is ending its sponsorship after almost two decades.
Investment manager Man Group PLC says it will stop funding the Man Booker and Man Booker International prizes after 2019. The firm says it has donated 25 million pounds ($33 million) to the Booker Prize Foundation since 2002.
The prize foundation says its trustees “are in discussion with a new sponsor and are confident that the new funding will be in place for 2020.”
Advertisement - story continues below
Founded in 1969, the prize was originally open to English-language writers from Britain, Ireland and the Commonwealth. U.S. authors became eligible in 2014, a move that remains contentious.
The international prize, founded in 2005, goes to works in translation.
The Western Journal has not reviewed this Associated Press story prior to publication. Therefore, it may contain editorial bias or may in some other way not meet our normal editorial standards. It is provided to our readers as a service from The Western Journal.
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.