Wells Fargo reportedly set to end long sponsorship deal with PGA Tour

The Wells Fargo Championship is ending their two decades of partnership with the PGA Tour from the 2024 season.

Wells Fargo reportedly set to end long sponsorship deal with PGA Tour

PGA Tour Commissioner Jay Monahan (Pic Credit: Golf Digest/AP)

There is a saying that states, “When it rains, it pours.” The PGA Tour finds itself relating to this statement as things keep on getting worse for them. After the shocking switch of Jon Rahm to LIV Golf, the tour has now suffered another major setback. As per reports, Wells Fargo is ending their sponsorship deal with the tour.

The company has been in partnership with the tour for over 20 years. However, they have now announced that they will not renew their deal. This would mark the end of the Wells Fargo Championship, a signature event. This news has once again shocked the fans who are still trying to stabilize from the bombshell received from Rahm’s move to LIV Golf.

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The development of this was earlier reported by the Charlotte Business Journal. Since then the tour is reported to have been in conversations with over 50 tournament officials regarding this thing. In their statement, Wells Fargo said they have been incredibly proud of their partnership for the past two decades.

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Wells Fargo is not renewing the Wells Fargo Championship as a Signature Event in 2025 and beyond. We are incredibly proud of the 20+ year history of the Championship. The tournament has generated significant local impact and delighted golf fans in Charlotte and across the country.
Wells Fargo on ending their partnership with PGA Tour through NBC Sports.

Wells Fargo Championship 2024 to be the last event under their partnership with PGA Tour

The Wells Fargo Championship is one of the signature events of the PGA Tour season. The event has marked several great stories over the years in their long partnership with the tour. This story will now have a final chapter as the 2024 event will be the last event under the partnership between these two entities.

The event is usually played in May at the Quail Hollow Club in Charlotte, North Carolina. This year the event will take place between May 6-12. This event has been named the Wells Fargo Championship since 2011 and has seen an increase in its prize purse over the past few years.

Wyndham Clark
Wyndham Clark, the winner of the 2023 event (Pic Credit: AP)

The PGA Tour though is expected to stay in Charlotte and will try and find new title sponsors for the 2025 tournament and beyond. As the talks of the merger with the Public Investment Fund (PIF) of Saudi Arabia intensify as well, there could be several big names in the market who could try and land a partnership with the professional golf circuit.

Speaking on the tournament, reigning US Open champion Wyndham Clark will enter the event as the defending champion. Surprisingly this was the American golfer’s first PGA Tour win. He will be hoping to etch his name in history as the last winner of the Wells Fargo Championship and successfully defend his crown before the event gets rebranded.

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