Golf News | Chevron - Woods Partnership in Woods Foundation

Tiger Woods has signed a five-year deal with Chevron with the idea of raising money and developing programs which will in turn support the education based foundation that Woods set up.

The sponsorship will begin with Chevron being the title sponsor of Woods’ holiday tournament due to take place in southern California, December 18-21. The Chevron World Challenge will be help in the Sherwood Country Club in Thousand Oaks, California and will be host to 16 world class players. Woods, has the honour of being both tournament host and defending champion.

Chevron, the energy company has become one of the five partners of the AT&T National, seasonal PGA Tour event. The deal has been struck at a pivotal time with the economy in a slump the PGA Tour is in need of title sponsors for regular-season events in Florida. Chevron’s investment is sizeable, being compared to the contribution made by title sponsors of regular PGA tour events.

The profit taken from the tournament is to be donated to the foundation, which funds the Tiger Woods Learning Centre and plans for an education centre near the nation’s capital.

Chevron has pledged to aid Woods in expanding the youth programs in California as well as equivalent programs world wide.

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