KirkwoodGolf

Monday, April 20, 2009

Next month's Corning Classic will be the last

The LPGA Corning Classic will disappear off the schedule after next month's tournament - another victim of the Credit Crunch and companies having to tighten their belts.
The 31-year-old event is the longest-running tournament on the LPGA Tour with the same sponsor at the same venue.
The tournament has lost $500,000 in sponsorships and has not been able to replace the lost revenue.
Corning has been restructuring recently and laid off 3,500 people from its global work force. Gregg says financing the tournament is no longer a viable expense.

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