Nationwide will end golf tour sponsorship in 2012
September 3, 2010
DUBLIN, Ohio (AP)—Nationwide Insurance announced Friday it will end itstitle sponsorship of the PGA Tour’s developmental circuit in the U.S. when itscontract expires in two years.
The company, based in nearby Columbus, Ohio, has been the title sponsor ofthe tour for the past eight years.
Nationwide also announced it will become the presenting sponsor for theMemorial Tournament starting in 2011, replacing Morgan Stanley, which declinedto renew its contract with the tournament founded and hosted by Jack Nicklaus.
PGA Tour commissioner Tim Finchem said the tour was economically healthy andhad survived a difficult financial climate, but would be looking to find areplacement sponsor for the Nationwide Tour.
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