PGA.com

Tour News Quick Links


 

PGA Tour out another sponsor as FBR drops its deal with Phoenix Open

- AP

MARANA, Ariz. (AP) -- Not even the biggest gallery in golf could keep the PGA Tour from losing another title sponsor.

Commissioner Tim Finchem announced Tuesday that FBR has decided not to renew its contract after 2010 for the popular tournament outside Phoenix.

"We've obviously had -- and are having -- some bumps in the road," Finchem said.

Already this year, U.S. Bank has said it was pulling out of the Milwaukee tournament after this year, and Ginn Resorts ended its sponsorship contract three years early, prompting the tour to file a lawsuit. The Tour also faces uncertainty in Memphis, Tenn., where Stanford Financial was signed up through 2016 as the sponsor.

However, Travelers Insurance two weeks ago extended its sponsorship in Connecticut by four years through 2014, and Finchem said Accenture has signed up for another four years as title sponsor of this week's Match Play Championship.

FBR has been the title sponsor since 2004 at the TPC Scottsdale, which has grown into the rowdiest event on the PGA Tour.

Using cars to gauge its attendance, the tournament last year set a record with more than 538,000 fans for the weekend, including 170,802 on Saturday. Most of them head to the par-3 16th hole, which is entirely enclosed with bleachers, making it the closest thing to golf being played in a stadium.

The tournament is run by The Thunderbirds, a civic group which has become one of the top fundraisers for PGA Tour charities. The group said it has begun the search for a new sponsor, a tough task in this economy.

"While we are extremely disappointed we need to find a new sponsor, we are pleased that we were able to work out a plan that gives us a reasonable timeframe to replace FBR with as little impact or disruption as possible," said Tim Louis, head of The Thunderbirds.

The tournament began in 1932 as the Arizona Open and went 70 years without a title sponsor.

Finchem said Phoenix without a sponsor would not effect its spot on the schedule, which usually is the week of the Super Bowl. Next year, it is scheduled to be played the week after the Super Bowl.

The Tour now has 21 sponsors under contract through 2012, and Finchem said more extensions would be announced in the spring.

"If I had to look at it today, and you asked me a year ago and painted the economic picture of what we would be facing at the end of February 2009, I would not have been able to project us doing this well," he said. "That's not to say, however, that we are not going to have more bumps in the road. I suspect we will. There's just too much pressure on too many companies.

"It would be unrealistic to think that we're not going to have turnover, we're not going to have problems."

Finchem did not release financial terms of the deals with Travelers and Accenture, but he suggested it was a slight increase.

"In these times, any level of growth is a victory," he said. "And if I had to guess right now where we come out after another year of this, I would still say we are in a position where we can see lesser growth -- but growth."

Copyright 2009 Associated Press. All rights reserved.

 
McGladrey Team Championship
Ryder Cup
 

Most Popular Stories

Mickelson passes Woods and Watney to grab lead at HSBC Champions

SHANGHAI -- American Phil Mickelson took the 54-hole lead in the WGC-HS... continue reading

Woods surges into a share of the lead at HSBC with second straight 67

SHANGHAI -- Tiger Woods birdied five of his last 10 holes for another 5... continue reading

PGA OF AMERICA CHAMPIONSHIPS
2010 PGA Championship

PGA Championship

Whistling Straits
Kohler, WI
August 9-15, 2010
2009 | 2010 | 2011

2009 Grand Slam of Golf

PGA Grand Slam of Golf

Port Royal Golf Club
Southhampton, Bermuda
October 19-21, 2009

2010 Senior PGA Championship

Senior PGA Championship

Colorado Golf Club
Denver, CO
May 25-30, 2010
2009 | 2010 | 2011

2010 Ryder Cup

Ryder Cup

The Celtic Manor Resort
Newport, Wales
October 1-3, 2010

MAJORS

Play Golf America

Helping To Grow The Game

One of the most important missions for the PGA of America is to promote and grow the game of golf.


About PGA.com | Advertising | Feedback | Privacy Policy | Terms of Use
© 2003-2008 PGA / Turner Sports Interactive. All rights reserved.
PGA.com is part of the Turner Sports and Entertainment Digital Network