Northwestern Mutual named World Challenge title sponsor

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After a 2012 edition that was conducted without a title sponsor, the World Challenge has found Northwestern Mutual to fill the void for the limited-field event this time around.

The tournament, which is operated by the Tiger Woods Foundation, will be held Dec. 5-8 at Sherwood Country Club in Thousand Oaks, Calif. According to a tweet Wednesday from Greg McLaughlin, the foundation's president who is in charge of tournament operations, the event has secured Northwestern Mutual as the newest title sponsor after the financial services group served as a presenting sponsor in 2012. McLaughlin also indicated Woods, world No. 3 Rory McIlroy and defending champion Graeme McDowell will be included among the event's 18-man field.

A release on Woods' website announcing the sponsorship accompanied McLaughlin's tweet.

'Northwestern Mutual has been an excellent partner over the years, and we are pleased they will be the title sponsor of the World Challenge,' Woods said according to the release. 'I'm really looking forward to competing this year.'

The tournament has had three previous title sponsors across its 14-year history, most recently Chevron, which sponsored the event from 2008-2011. Without a title sponsor last year, Woods himself reportedly stepped in to fund the $4 million purse.

Though it will not count as an official event during the 2013-14 PGA Tour regular season, the event was added to the Tour's schedule last month. At that time, McLaughlin indicated that organizers had received the 'necessary corporate support' but added that he was not ready to name a specific title sponsor.