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HomeGolfWells Fargo ending sponsorship cope with Tour occasion in Charlotte

Wells Fargo ending sponsorship cope with Tour occasion in Charlotte

Wells Fargo won’t sponsor the PGA Tour’s Charlotte, North Carolina, event after 2024.

The corporate launched an announcement on Friday stating:

“Wells Fargo isn’t renewing the Wells Fargo Championship as a Signature Occasion in 2025 and past.

“We’re extremely pleased with the 20+ 12 months historical past of the Championship. The event has generated important native impression and delighted golf followers in Charlotte and throughout the nation. Since 2003, the Wells Fargo Championship has generated greater than $30 million in help of quite a few charitable foundations.

“We worth our relationship with the PGA TOUR and look ahead to internet hosting the 2024 Wells Fargo Championship, a Signature Occasion, at Quail Hole Membership, Might 6-12.

Information of Wells Fargo ending its sponsorship was first reported by the Charlotte Enterprise Journal. The Sports activities Enterprise Journal reported final month that the Tour held a name with greater than 50 event officers and “mentioned a brand new funding mannequin that might see the tournaments put up an extra price that might go towards occasion purses.” SBJ added on Friday that Wells Fargo needed to stay as sponsor and “made a suggestion north of $20 [million] to resume. It additionally raised the opportunity of dropping signature standing to minimize the associated fee.”

The event at Quail Hole Golf Membership, which started in ’03, has been generally known as the Wells Fargo Championship since 2011. Wells Fargo signed a five-year extension with the Tour in 2019 and is without doubt one of the eight signature occasions on the calendar, with a $20 million purse.

The 2024 occasion is slated for Might 9-12. Wyndham Clark is the defending champion.



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