FedEx Renews St. Jude Classic Through '14
Memphis-based FedEx Corp. has extended its one-year sponsorship commitment of its hometown tournament by three years, continuing the FedEx St. Jude Classic through 2014.
"FedEx has taken a significant step to assure the continuation of its hometown tournament over the next four years," said PGA TOUR Commissioner Tim Finchem. "FedEx obviously values the impact that the tournament has on the Memphis community and the St. Jude Children's Research Hospital, in particular."
The FedEx St. Jude Classic has raised nearly $25 million for St. Jude Children's Research Hospital since 1970.
"FedEx is happy to continue our long relationship with the FedEx St. Jude Classic and, more importantly, our support of the St. Jude Children's Research Hospital," said T. Michael Glenn, executive vice president of Market Development at FedEx. "Our involvement with this tournament allows thousands of Memphis-based FedEx employees to play a direct role in the support of St. Jude."
FedEx was the tournament's title sponsor for 21 years, from 1986 through 2006. Beginning in 2007, FedEx and the PGA TOUR launched the FedExCup, which provides a compelling competition to crown a season-long champion. During this timeframe, FedEx stayed on as the presenting sponsor of the tournament, with Stanford Financial assuming the title. The PGA announced that they would be dropping their affiliation with Stanford Financial after a federal fraud investigation was launched.
"The glory years of our event were during FedEx's initial 21-year run," said FESJC General Chairman Jack Sammons. "It's no secret that having FedEx back as title sponsor is an answer to lots of prayers, and is music to our ears. Today's announcement is also wonderful news for the children of St. Jude and golf fans in this region."