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Nationwide to end Tour sponsorship in 2012
Nationwide Insurance announced on Friday it will end its title sponsorship of the PGA Tour's developmental circuit in the US when its contract expires in two years.
The company, based in nearby Columbus, Ohio, has been the title sponsor of the tour for the past eight years.
Nationwide also announced it will become the presenting sponsor for the Memorial Tournament starting in 2011, replacing Morgan Stanley, which declined to renew its contract with the tournament founded and hosted by Jack Nicklaus.
PGA Tour commissioner Tim Finchem said the tour was economically
healthy and had survived a difficult financial climate, but would
be looking to find a replacement sponsor for the Nationwide Tour.
