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imageHOUSTON: Australian 'Triple Crown' winner Robert Allenby lamented the demise of the Australian Masters after this year's edition was axed, leaving the tournament facing an uncertain future.

Allenby, and fellow Australians Geoff Ogilvy and Stuart Appleby said it was shame for a prestigious event whose past champions include Tiger Woods and Greg Norman.

Allenby won the Australian Masters in 2003 and again in 2005, when he became the only player to clinch Australia's Triple Crown of the Masters, Australian Open and Australian PGA.

"Of course, I was fortunate to win it twice and while I am delighted that probably no one else will be able to say they've won Australia's 'Big Three', another part of me is terribly sad to see it go," he said at the Houston Open.

"So it's just a real shame that Australian golf will not see 'The Big Three' anymore and that's what is going to hurt so much."

Organisers IMG announced on Wednesday that the Masters would not be played this year, and added that "new plans" for the event would be unveiled in the coming months.

Allenby said: "It's been known IMG, who have been backing the event, have being doing so at a loss for many years and if you are running any business at a loss you eventually are going to have to pull the pin."

Copyright AFP (Agence France-Presse), 2016

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