Charlotte PGA Tour Stop Still Named Wachovia
File this under no news is still news. The Wachovia Championship is going ahead this spring without a name change, despite the fact that Wachovia Corp. was swallowed up by Wells Fargo & Co. last Dec. 31 for an estimated $11.6 billion.
Tournament Director Kym Hougham confirmed Monday that the seventh edition of the PGA Tour stop at Quail Hollow Club in Charlotte, N.C., will go on with the original name, primarily because there is not enough time to alter all the literature and signage related to the $6.5 million tournament. "We're just 11 weeks out, which isn't enough time to get everything changed over. Wells Fargo is still in the process of changing the name on all the (bank) branches."
Hougham said there was no decision imminent on the tournament's new name for 2010, but expects that to be among the topics of discussion with Wells Fargo officials in the coming months. But the important issue is covered. "The good news is that we have a contract through 2014," he said.