Wachovia Championship Alive...for Now
by Ryan Ballengee
on Sep 30, 2008 10:07 AM EDT
Wachovia's banking operations were bought by Citigroup yesterday as the secondary headline to the House Republicans helping to tank the American economy for a few more days. This made me wonder what that would mean for the Sixth Major, the Wachovia Championship at Quail Hollow. Ron Green Jr. says it's safe, for now
“For now, it's business as usual as far as our sponsorship commitments,” said Mary Beth Navarro, a spokesperson for Wachovia marketing.
Officials said the golf tournament is expected to continue in the future with a contract that carries it through 2014.
“We fully expect the tournament in Charlotte to continue,” said Jon Podany, senior vice president for business development with the PGA Tour said..
“The acquiring company would assume the contract. That's typically the way the contracts work.”
More after the jump.
It is still to be determined whether the Wachovia brand would remain on the event while officials at Citigroup and Wachovia work out the details of the transition. With a portion of the Wachovia brand remaining, it's possible the tournament name could remain.
Makes sense since Wachovia still owns AG Edwards and other properties.
But, it seems like things will go on as planned. Never know how these things turn out, but I would guess that this sticks around in some fashion.
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ummmm....
…Jimmy Carter and Bill Clinton weren’t Republicans – Carter started government guaranteed loans to people with little or no income (which anybody with half a brain knew would never be repaid) and Clinton repealed a Depression Era law that forbade banks and lending institutions from lending outside their area, and forced even more low income lending.
not a political statement – just historical fact.
"this ball will fit in that fairway"
by courtgolf on Sep 30, 2008 10:45 AM EDT 0 recs
I agree
this didn’t start with the House Republicans by any means. They’re just the latest to screw up.
by Ryan Ballengee on Sep 30, 2008 12:18 PM EDT 0 recs
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