Today In PGA Tour Sponsorship News...Tampa, Maui Editions
/Nice Friday afternoon news from the PGA Tour if you like the Tampa and Kapalua stops.
First, Tampa:
Valspar Commits to Four-Year Title Sponsorship of PGA TOUR Event in Tampa Bay and is Named “Official Paint Supplier” of the PGA TOUR and Champions Tour
Valspar Championship to be Played in March at Innisbrook Resort; BB&T Named Local Presenting Sponsor
PONTE VEDRA BEACH, Fla., and MINNEAPOLIS (September 6, 2013) – The Valspar Corporation (NYSE: VAL), a global leader in the paint and coatings industry, and the PGA TOUR today announced a four-year agreement for Valspar to become the title sponsor of the Tampa Bay area’s professional golf tournament on the PGA TOUR.
Named the Valspar Championship, the tournament will be contested March 13-16, 2014 on the Copperhead Course at Innisbrook, a Salamander Golf & Spa Resort in Palm Harbor, Fla. The Valspar Championship will be the third of four straight tournament weeks in Florida.
In addition to the sponsorship, Valspar will join the PGA TOUR’s Official Marketing Partner program and receive the exclusive designation as “Official Paint Supplier of the PGA TOUR and Champions Tour.”
And Maui...
Hyundai Renews Title Sponsorship of Tournament of Champions
Two-year deal carries through the 2014-2015 PGA TOUR season
COSTA MESA, CA, and PONTE VEDRA BEACH, FL (September 6, 2013) – The PGA TOUR and Hyundai Motor America announced today a two-year extension of Hyundai’s title sponsorship of the exclusive field Hyundai Tournament of Champions in Hawaii, through the 2014-2015 season.
The upcoming Hyundai Tournament of Champions will be held January 3-6 at the Plantation Course in Kapalua, Maui, and will mark the PGA TOUR’s resumption in January following a 1½-month break of the 2013-2014 tournament schedule.
“We are very pleased to have Hyundai continue as title sponsor of the Tournament of Champions, which has played a distinctive role on the PGA TOUR for more than 60 years by inviting only tournament winners from the previous year,” said PGA TOUR Commissioner Tim Finchem. “Hyundai has been very active in promoting the tournament and using it to broaden awareness of its brand and products. We look forward to continuing to work with Hyundai over these next two years to meet its objectives as title sponsor.”
“The Hyundai Tournament of Champions is an ideal platform to share Hyundai’s premium lineup with golf fans around the world,” said Steve Shannon, vice president, Marketing, Hyundai Motor America. “The tournament has continued to grow the past three years with ratings up more than 75 percent in 2013. Not surprisingly, the ratings increase and our involvement with the PGA TOUR has coincided with market share growth of our premium vehicles, Genesis and the flagship Equus. This tournament is a great fit for our brand.”
In addition to Hyundai’s sponsorship, Seoul Broadcasting System (SBS) continues its relationship with the tournament, under terms of a 10-year agreement that began in 2010. Serving as the tournament’s title sponsor that first year, SBS had the opportunity to bring Hyundai in as title sponsor in 2011, at which time the tournament’s original “Tournament of Champions” name was reintroduced to highlight the exclusive nature of its field. Originally introduced as the Tournament of Champions in 1953, the limited-field event maintained the “T of C” identity in its title until 1994.
A broadcasting partner of the PGA TOUR for nearly 20 years, SBS also will continue to televise PGA TOUR tournaments in Korea through 2019.
