/guid/9202a8c04000641f80000000008ebd61 rename

The LPGA Tour Championship, in full the LPGA Tour Championship Presented by Rolex, is the season...

The LPGA Tour Championship, in full the LPGA Tour Championship Presented by Rolex, is the season-ending golf tournament on the United States-based LPGA Tour. The tournament was created in 2009 to replace the ADT Championship after ADT decided not to extend its sponsorship. The LPGA Championship is not considered an extension of the ADT and 2009 was its inaugaral edition. In November 2008 Stanford Financial was announced as the new sponsor of the tournament with a purse of $2 million. On February 17, 2009 the Securities and Exchange Commission accused Stanford chairman Allen R. Stanford in an US$8 billion investment fraud scheme. The Houston, Texas offices of Stanford Financial were raided and the firm's assets were frozen. In response to this action, the LPGA issued a statement that it was "monitoring developments regarding the situation." On May 26, 2009, the LPGA announced that the tournament would still take place, without a sponsor and with the purse lowered to $1.5 million. The tournament would be known as the LPGA Tour Championship. In Septembe, Rolex was added as the presenting sponsor. One of the most important parts of the tournament is the fact that it is the last