Longtime PGA Tour host Wells Fargo won’t renew deal after 2024

CHARLOTTE, N.C. — The Wells Fargo Championship is just not renewing its contract to host a PGA Tour occasion, ending 22 years on the schedule for what’s now a signature occasion with a $20 million purse.

The match is held at Quail Hole Membership, which has hosted the PGA Championship and the Presidents Cup. Will probably be performed for the ultimate time subsequent Could.

“Wells Fargo is just not renewing the Wells Fargo Championship as a Signature Occasion in 2025 and past,” the corporate mentioned in an announcement, including that it was pleased with its historical past and the greater than $30 million it has raised for charity.

Sports activities Enterprise Journal reported final month a brand new funding mannequin by the PGA Tour during which tournaments would put up extra towards the purse. The publication reported Friday that Wells Fargo wished to stay as a sponsor and raised the thought of dropping its signature occasion standing to chop again on the value tag.

The match started in 2003 because the Wachovia Championship and was an instantaneous favourite amongst gamers for the golf course and the first-class therapy offered by the membership.

The tour mentioned it plans to stay in Charlotte and is actively assembly with potential title sponsors.