Report: Farmers ending sponsorship of Torrey Pines event
Jan 28, 2023; San Diego, California, USA; Max Homa plays his shot on the seventeenth hole during the final round of the Farmers Insurance Open golf tournament at Torrey Pines Municipal Golf Course - South Course. credits: Ray Acevedo-USA TODAY Sports Farmers Insurance will no longer sponsor the PGA Tour event at Torrey Pines in San Diego when its contract runs out in 2026, Sports Business Journal reported Thursday.
The company has been the title sponsor since 2010 but seems to be pulling out of the golf business. Last week, Rickie Fowler told Golfweek that his sponsorship contract with Farmers had expired and he was told it would not be renewed.
The tournament started in 1952 as the San Diego Open, and entertainer Andy Williams was the celebrity host from 1968 to 1988. A variety of companies, including Shearson Lehman and Buick, were title sponsors before Farmers Insurance took over. Tiger Woods is a seven-time champion of the event.
Golfweek reported that title sponsors pay between $13 million to $15 million per year.
Farmers follows Wells Fargo in pulling out as a title sponsor. Wells Fargo is not re-signing its agreement to sponsor the event at Quail Hollow Club in Charlotte, N.C., because of an increased fee, per Sports Business Journal.
The $9 million Farmers Insurance Open is scheduled for Jan. 24-27. Max Homa is the defending champion.
—Field Level Media
- Tuesday MLB Best Bets: June 9th Pitcher Props Worth Targeting
- NBA Finals Game 2 Betting Picks and Predictions Spurs vs. Knicks
- MLB Picks Today: Two Sunday Bets Worth Backing
- MLB Predictions and Best Bets for Saturday's Biggest Games
- UFC Vegas 118 Betting Picks: Three Fights to Target on Saturday Night
- MLB Picks Today: Two Pitchers Set Up To Fall Short On Outs Props
- MLB Pitcher Props Today: Best Bets for June 3rd
