Everyone can breathe a sigh of relief. Tiger Woods has found a new sponsor for his annual golf tournament which supports his charity. Northwestern Mutual has made the decision to step up and sponsor the annual, limited-field tournament. A statement was released by the Tiger Woods Foundation will be renamed the Northwestern Mutual World Challenge and will host 18 of the top players in the world, including El Tigre. This year’s event will take place from December 5 – 8 at Sherwood Oaks Country Club.
The full field hasn’t been announced as of yet, but in addition to Woods, Rory McIlroy and defending champion Graeme McDowell have committed to the event. While the tournament is considered unofficial, it still provides official world rankings points to the participants. I don’t think Woods is fretting over lack of participating from his buddies on the PGA Tour. This is the kind of event in which the players clamor to participate. There’s also a pretty nice payday on the line
“What’s important is that if it wasn’t for this tournament, we wouldn’t have the success with the foundation,” Woods said last year. “The Learning Center [in nearby Orange County] would not have happened. We wouldn’t have gained the awareness that we have now. There have been so many kids that we have helped just because of this event. It’s important to me, to the foundation. This is what got us on the map.”
The fact that Woods found a sponsor for the tournament is good news all around. It saves Woods around $4 million in costs, which allows him to put that money back into the charity.