Larry Bohannan of the Desert Sun reports on the latest sponsor loss for the beleaguered PGA Tour stop in California. An ownership change to a private equity group at Careerbuilder led to the change.
Oddly though, the company is on the hook for this year’s purse but won’t have its name on the event.
CareerBuilder is still contractually obligated to fund the 2019 tournament, meaning the event will still have a $5.9 million purse, will still be broadcast on Golf Channel all four days and will be able to fund its charitable donations which reached $1 million from the 2018 event. But Sanders sees a chance to start the search for what he calls the right sponsor for 2020 earlier than if CareerBuilder was still involved through the 2019 tournament.