Sponsor Backs out from Tigers Woods’ Tournament

As it turned out, it was the last Chevron World Challenge that Tiger Woods won because the event’s sponsor, Chevron Corporation, also one of the world’s largest global energy companies, decided to back out from the event after being its title sponsor for four years.

However, event director Greg McLaughlin did not seem troubled by this piece of news as he is confident that he will find another sponsor for next year’s edition of the tournament. The event has had three title sponsors since its inception in 1999. McLaughlin further demonstrated his confidence by extending the event’s contract with Sherwood Country Club through 2015.

Woods has won the event five times, and donated his earnings from the win to the Tiger Woods Foundation each time. Tiger did the same with his earnings from two official tournaments – the AT&T National and the Deutsche Bank Championship, meaning that he has donated at least $12,510,777 to charity since 1999.

This sum does not include the $1 million that Woods promised to donate if nobody asked him about his knee injury at a news conference in spring. Woods was still asked the question, but made the donation anyway.

Woods won the Chevron by one shot after posting two birdies on the last two holes. If this tournament counted as official, Woods could have gone from No. 52 to No. 21 in the world golf rankings.