No Title Sponsor Yet for LPGA Tour Championship


The LPGA Tour Championship has a home, plans for television, a finalized format but still no title sponsor in the wake of news of Stanford Financial’s legal problems. 
The LPGA announced Tuesday that its season-ending championship will be played at The Houstonian Golf & Country Club in Richmond, Texas, just outside Houston Nov. 19-22 and will be televised by the Golf Channel.
Originally designated the Stanford Financial Tour Championship, the LPGA has yet to announce a new title sponsor. Stanford Financial’s backing became an issue after the U.S. Securities and Exchange Commission raided the offices of R. Allen Stanford in February and froze the assets of three companies he controls as part of a fraud investigation.
The LPGA Tour Championship, which replaces the ADT Championship playoff finale as the tour’s last event, will feature a $1.5 million purse, down from the $2 million originally planned. A 120-player field will be cut to the low 70 players and ties after 36 holes and the low 30 and ties after 54 holes.