Williams to sponsor Tiger Woods foundation PGA TOUR event through 2006
June 09, 2001
LOS ANGELES -- Williams and the Tiger Woods Foundation announced today that they have entered into a new six year contracted that will maintain Williams as the title sponsor of the Williams World Challenge presented by Target through 2006. This PGA TOUR cosponsored event will be held at Sherwood Country Club in Thousand Oaks, Calif., Dec. 10-16, 2001.
The Williams World Challenge presented by Target boasts a $3.8 million purse with $1 million going to the champion. The 16-player field features one of the most elite groups of professionals in all of golf. The field for the 72-hole, stroke-play event is comprised of defending champion Davis Love III, the top 11 players available from the Official World Golf Rankings as of October 1, 2001 (that accept invitations) and four special exemptions.
"The Foundation is delighted to extend our contractual relationship with Williams," said Earl Woods, president of the Tiger Woods Foundation. "In just two short years, this tournament has already become the best late-season event on the PGA TOUR schedule. Through our partnership with Williams, this event is only going to get better in the years to come."
"Williams chose to extend its sponsorship of the Williams World Challenge because the company values its relationship with and the ideals of the Foundation," said Cuba Wadlington Jr., executive president and CEO of the company's gas pipeline operations.
"Adults need to become involved in the lives of young people, to help them realize their dreams and become successful adults. That's what the Tiger Woods foundation is all about," Wadlington said.
Included among the players that have competed in the past two tournaments are Tiger Woods, the world's top-ranked player; Tom Lehman, the 1999 tournament champion; David Duval, Sergio Garcia, Fred Couples, Jesper Parnevik, Hal Sutton, Mark O'Meara, Phil Mickelson and Vijay Singh.
Hosted by Tiger Woods and the Tiger Woods foundation, the Williams World Challenge presented by Target serves as one of the primary fundraisers for the Foundation, with proceeds from the tournament supporting Target House, a home away from home for patients and their families at St. Jude Children's Research Hospital in Memphis, Tenn., the Ventura County Autism Society and other projects supported by the Tiger Woods Foundation.
Tickets for the Williams World Challenge presented by Target start at $10 per day, with weekly gallery badges priced at $85. Tickets will go on sale June 4 through all Ticketmaster locations, at ticketmaster.com and by calling the Williams World Challenge tournament office at (714) 816-1806.
In its third year as title sponsor, Williams (NYSE:WMB) is a $35 billion energy company based in Tulsa, Okla. More information about Williams is available at www.williams.com.
Returning as the presenting sponsor, Minneapolis-based Target Stores serves guests at 991 stores in 46 states nationwide and on www.target.com by delivering today's best retail trends at affordable prices.
A portion of the tournament proceeds will benefit the Tiger Woods Pavilion at Target House, an upscale, 50-unit apartment complex where long-term patients and their families can live as they undergo treatment at St. Jude Children's Research Hospital in Memphis, Tenn.
Companies joining Williams and Target as supporting sponsors include Dole Food Company, the world's largest producer and marketer of high-quality fresh fruit, vegetables, fresh-cut flowers and a growing line of packaged foods; Ralphs Grocery Company, one of California's oldest and largest supermarket chains with more than 440 stores and a reputation of being actively involved in the communities it serves by supporting nonprofit organizations focused on hunger, health, nutrition and developing youth; and Countrywide Home Loans, Inc., headquartered in Calabasas, Calif., a national leader in residential lending with a network of more than 500 offices providing personalized mortgage finance services.
The Tiger Woods Foundation seeks to empower young people to reach their highest potential. Through golf clinics, motivational speeches, educational programs, the support of local heroes and direct grants, the Foundation has interacted with over 70,000 kids across the United States.
More information about the Foundation can be found at www.tigerwoods.com.