Return to the Golf Today Home Page All the latest golf news Coverage of all the worlds major tours For all your golfing needs Golf Course Directory Out on the course Golf related travel Whats going on, message board, links and more!
 
Worldwide Feature Articles
 
Top Stories
PGA: Stephen Ames coasts to six shot win
PGA: Tiger Woods ends difficult week with 75
Euro: Van de Velde ends 13 year victory wait
Stephen Ames vaults to World No. 27
Boost for the Philippine Open
Tiger Woods misses practice to be with father
Harbour Town terminates Worldcom links

WorldCom lost its namesake PGA Tour event Monday, less than one day after the troubled telecommunications company filed for bankruptcy.

Heritage Classic Foundation said it terminated its contract with the company, which owns MCI -- the nation's No. 2 long-distance carrier -- on Monday.

``Our golf tournament represents an enormous economic impact for our entire community which we are not willing to jeopardize,'' Heritage board chairman Joe Fraser said.

Earlier this month, Fraser said that WorldCom missed recent payments on its $1.9 million sponsorship fee. That put WorldCom in default and would have allowed tournament officials to break the contract with the company.

Fraser said the foundation, under contract with the PGA Tour through 2006, is confident it will have money to conduct the tournament next April without a new title sponsor.

``We will evaluate each opportunity as it comes to ensure the best possible fit, and we openly welcome suggestions by the thousands of fans who love our tournament,'' Fraser said.

The annual tournament has been held on Hilton Head Island since 1969 at the Harbour Town Golf Links at Sea Pines Resort. Officials say the tournament is responsible for more than $60 million in revenue.


Email this page to a friend | Return to top of page