After 20 years on the U.S. Professional Golf (PGA) Tour, the Wells Fargo Championship is becoming history.
The PGA Tour announced today that the prestigious event will no longer be played next year after U.S. Wells Fargo Financial Group dropped out as the tournament’s title sponsor.
Wells Fargo Financial Group, which had organized the Wells Fargo Championship since 2011, was unhappy with the PGA Tour’s creation of an exempt event to compete with LIV Golf and demanded that the Wells Fargo Championship be played as a regular event rather than an exempt event, but was denied.
Instead, investment banking firm Truest Financial Corporation became the new title sponsor and the Truest Championship was born.
Officially, the Truest Championship is the successor to the Wells Fargo Championship.
Rory McIlroy (Northern Ireland), the winner of this year’s Wells Fargo Championship, will enter the True Trust Championship as the defending champion.
The tournament will continue to be played at Quail Hollow Golf Club in Charlotte, South Carolina, home of the Wells Fargo Championship 18 times, with a $20 million purse and a $4 million first-place prize.
However, next year’s inaugural event will not be played at Quail Hollow, but at the Philadelphia Cricket Club’s Wissahickon Course in Philadelphia, Pennsylvania.
This is because Quail Hollow Golf Club has already been selected to host the PGA Championship next year.
The Touruist Championship will take place over four days, starting May 6, just before next year’s PGA Championship.
It will be the first time in seven years that the state of Pennsylvania has hosted a PGA Tour event since the 2018 BMW Championship. 카지노사이트