Valero signs six-year deal with Texas Open
|
The PGA Tour and Valero Energy Corporation announced today a six-year extension of Valero's sponsorship commitment to the Valero Texas Open in San Antonio. The new deal takes effect in 2013 and runs through 2018.
The announcement comes as the tournament prepares to celebrate its 90 th year in San Antonio, making it one of the longest-running tournaments on the PGA Tour and the longest held in the same city, dating back to 1922.
The Valero Texas Open also has become a leader in charitable donations on the PGA Tour. Last year's Valero Texas Open generated a Tour-record $9 million for charity, bringing the tournament's all-time contributions to $67 million, $62.5 million of which has come since Valero became title sponsor in 2002.
It has led PGA Tour tournaments in charitable giving in five of the past six years.
"Valero is proud to continue its title sponsorship of the Valero Texas Open and to continue its association with the PGA Tour," said Mike Crownover, Valero's Senior Vice President of Human Resources and the Valero executive overseeing the company's activities at this year's tournament.
"The extended sponsorship shows Valero's commitment to our hometown of San Antonio and to the deserving charities that benefit from the millions of dollars raised each year."
"The Valero Texas Open has been an integral part of the San Antonio community and the PGA Tour for 90 years," said PGA Tour Commissioner Tim Finchem.
"Not only does it celebrate a rich history as a premier sporting event in San Antonio, it also has had a significant impact on thousands of lives through a remarkable charitable record, particularly since Valero became involved as title sponsor. |
Back to news list