According to The Sports Business Journal and other sources, Wachovia’s company name will not appear in the title of the 2009 PGA Tour tournament it sponsors in Charlotte.
Wells Fargo bought the Charlotte-based bank last fall and intended to call the 2009 event the Wachovia Championship, but recent public backlash against marketing expenditures of financial firms resulted in the bank pulling all non-contractual spending as well as its name from the tournament.
Sources said the name of the tournament will include the host course, Quail Hollow. The future involvement of Wells Fargo in the tournament is undecided, but by acquiring Wachovia, Wells is under contract to title sponsor the tournament through 2014.
