PowerShares QQQ Championship will be opening event in 2016 Charles Schwab Cup Playoffs
November 09, 2015
- The Los Angeles event will kickoff the inaugural Charles Schwab Cup Playoffs. (Chris Condon/PGA TOUR)
ORLANDO, Fla. – The PGA TOUR’s Champions Tour and Invesco PowerShares announced Monday a new event to be contested in Los Angeles – the PowerShares QQQ Championship – at a site to be announced, October 24-30, 2016, with Sherwood Country Club in Thousand Oaks, California selected as host of the 2017 and 2018 events. The announcement was made on Golf Channel’s Morning Drive show by PGA TOUR Commissioner Tim Finchem and Invesco PowerShares Managing Director Dan Draper.
“We’re excited to partner with Invesco PowerShares as the Champions Tour returns to Los Angeles for the first leg of the Charles Schwab Cup Playoffs,” said Finchem. “With a new playoff format being played in three new markets, the Schwab Cup Playoffs will provide an exciting and meaningful conclusion to the season and additional exposure for fans to the world-class caliber of golf being played on the Champions Tour.”
The PowerShares QQQ Championship will be the first of three events in the new Charles Schwab Cup Playoffs, with the Dominion Charity Classic and the Charles Schwab Cup Championship rounding out the inaugural Playoffs that will determine the season-long Charles Schwab Cup champion. Full details for the Charles Schwab Cup Playoffs will be announced on November 11 during Morning Drive.
The top 72 players in the Charles Schwab Cup standings will compete in the PowerShares QQQ Championship for a $2 million purse, with the field trimmed for the following week’s Dominion Charity Classic.
All three rounds of the PowerShares QQQ Championship will be broadcast on Golf Channel, the exclusive cable provider of the Champions Tour, reaching in excess of 200 countries and territories and more than 145 million households.
Invesco PowerShares is a leading exchange-traded fund (ETF) provider with more than 140 domestic and international ETFs, including PowerShares QQQ that is based on the Nasdaq-100 Index, which contains 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq Stock Market. PowerShares ETFs seek to track traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities.
“The PGA TOUR’s commitment to excellence, representing a lifetime of hard work and timely execution under pressure, are values that we share at PowerShares as we try to help investors get the most out of life through smart beta investment strategies,” said Dan Draper, Head of Invesco PowerShares.
The PowerShares QQQ Championship will move to Sherwood Country Club in Thousand Oaks, California in 2017 for the first of two years at the Jack Nicklaus signature course. The club served as host of PGA TOUR-sanctioned events for 25 years, including the Shark Shootout, the Showdown at Sherwood and the Hero World Challenge.
“For over 25 years, Sherwood Country Club has played host to the PGA TOUR’s top players while establishing an unprecedented level of excellence in championship golf,” said Sherwood Club President Rick Zeilenga. “We are thrilled to host the PowerShares QQQ Championship in 2017 and 2018, and look forward to the opportunity to showcase our club during the Champions Tour’s Charles Schwab Cup Playoffs.”
“The Los Angeles area has played host to some of the game’s premier events, and we are excited to bring the PowerShares QQQ Championship to a region which has welcomed both the sport and the Champions Tour,” said Champions Tour President Greg McLaughlin. “Los Angeles has embraced playoff history across the spectrum of all sports, and I am certain the PowerShares QQQ Championship will launch a new level of Champions Tour intensity as we begin our inaugural Charles Schwab Cup Playoffs.”
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