AP Sources: Woods to get new sponsor for PGA event

AP News
Posted: Feb 27, 2014 1:54 PM

PALM BEACH GARDENS, Fla. (AP) — Tiger Woods is close to getting a new title sponsor for his PGA Tour event at Congressional this summer.

The Associated Press has learned that Detroit-based Quicken Loans is in the final stages of a deal to become the tournament's new sponsor. Two people who have been told about the deal said Quicken Loans could start before this year's tournament, which runs June 26-29. They spoke on condition of anonymity because the deal is not completed.

That tournament now is called the AT&T National. AT&T is in the final year of its contract and has no plans to renew.

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It would be a big boost to the Tiger Woods Foundation, which receives the net proceeds from the tournament.

Quicken Loans was founded by Dan Gilbert, who owns the Cleveland Cavaliers.