I just heard some great news. The annual golf tournament that is held at Quail Hollow Golf Country Club in Charlotte NC, will go on as planned.
The tournament was up in the air because Wachovia was one of the banks that failed in 2008. It was bought by Wells Fargo quickly after a haggle with Citibank. There was some question whether it would be called the Wachovia championship as it has been for the past bunch of years. That has been cleared up now because it is going to be called the Quail Hollow Golf Championship.
Wells Fargo said it would honor the financial commitments Wachovia had made to the event but they wouldn't provide and corporate entertainment.
If they had pulled out it would have been a real problem to find someone else to pony up $6 million in this economy for a golf tournament.
But this is a big event. Every year, the roads are blocked off around the Country Club, which is near the South Park neighborhood in Charlotte. It isn't the biggest event on the PGA Tour, but it still is an event. The whole south of Charlotte lights up with tour buses ferrying people to and from designated parking areas.
Comments(0)