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PGA Tour announce new tournament

The PGA Tour will return to Charlotte and Quail Hollow Country Club next May for the first time in 24 years.

The Wachovia Championship, under the four-year sponsorship of the fourth-largest financial services company in the United States, will be held May 5-11, 2003.

"The PGA Tour is excited to partner with Wachovia to bring a prominent tournament to Charlotte," PGA Tour Commissioner Tim Finchem said at a news conference Monday morning. "As a leader in financial services, and a company known for its support of communities, education and employees, Wachovia reflects the same values as the PGA Tour and is an ideal sponsor for this new key stop on the Tour schedule."

Quail Hollow last hosted a Tour event in the 1979 Kemper Open.

"With recent improvements by (course architect) Tom Fazio in the coming weeks, Quail Hollow will be ready to host the best golfers in the world," said Quail Hollow president Johnny Harris.

Total prize money for the Wachovia Championship will be $5.6 million, and guarantees the winner more than $1 million.

The tournament will be televised by USA Network on Thursday and Friday, and by CBS on Saturday and Sunday.

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