Yahoo Sports · Sep 17, 2015
HSBC mulls pull-out from flagship Shanghai WGC event
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Bubba Watson poses with his trophy after winning the WGC-HSBC Champions Golf tournament in Shanghai on November 9, 2014Singapore (AFP) - HSBC is considering ending its sponsorship of its flagship golf tournament, the WGC-HSBC Champions in Shanghai, as the contract expires this year, a senior official told AFP.
HSBC global head of sponsorship Giles Morgan said the British bank was currently evaluating its association with the $8.5 million event, one of four World Golf Championships (WGC) held worldwide.
Morgan added that sponsorship of the HSBC Women's Champions in Singapore, one of the US LPGA tournaments played in Asia, was also under review.