PGA Tour Commissioner Jay Monahan and Valero CEO Joe Gorder on Wednesday announced a 10-year extension of Valero’s longtime sponsorship of the Valero Texas Open in San Antonio. The new sponsorship starts in 2019 and runs through 2028, and positions the tournament to precede the Masters Tournament the week of April 1-7, 2019.
The joint announcement was made during a luncheon at the JW Marriott San Antonio Hill Country Resort and Spa, site of the Valero Texas Open since 2010. The tournament is held at the adjacent TPC San Antonio’s AT&T Oaks Course. PGA Tour star and Boerne resident Jimmy Walker also attended the event.
“Having grown up in the greater San Antonio area, and now raising my family in Boerne, the Valero Texas Open holds a special place in my heart,” said Walker, winner of the 2015 Valero Texas Open. “Hosting a PGA Tour event is a really big deal. There are only 49 tournaments on the schedule, so to have one of those stops in San Antonio – in my backyard – is pretty special. As a past champion, I really appreciate what Valero has done to elevate the stature of the tournament and continue its legacy throughout San Antonio and beyond.”
During Valero’s 16 years as title sponsor, the event has raised more than $122 million for charity, with a tournament-record $11 million generated in 2017. This total includes money raised through the tournament, Birdies for Charity, and the Valero Benefit for Children – a golf event coordinated by the Valero Energy Foundation and held the day after the tournament on 11 San Antonio area golf courses. That event draws around 2,500 participants each year.
“The tournament has provided a wonderful platform to rally San Antonio – and Texas as a whole – around a common goal of giving back,” Gorder said. “We look forward to growing that effort in the years ahead with the continued support of our community.”
The annual event was first held in 1922, making it the third-oldest PGA Tour co-sponsored tournament.
The Valero Texas Open, which during the 1960s through the early 1990s was played at Oak Hills Country Club, also is the oldest tour event to be held in the same city since inception. In 2022, the Valero Texas Open will mark the 100th anniversary of the event’s inception. (The tournament was not held eight times for various reasons, including five times in six years during the 1930s and once, in 1943, due to World War II.)
“Not only is the Valero Texas Open one of the oldest and most storied tournaments on the PGA Tour, but since Valero became title sponsor in 2002, the tournament consistently has been one of the leaders in charitable giving,” Monahan stated.
“…This tournament continues to make a tremendous impact through philanthropic efforts that primarily focus on helping children. We are thrilled to continue our partnership with Valero.”
TPC San Antonio is the eighth San Antonio facility to serve as the host site. The par-72, 7,522-yard layout was designed by World Golf Hall of Fame member Greg Norman, with Sergio Garcia serving as a player consultant.
A Fortune 50 company based in San Antonio, Valero is an independent petroleum refiner and ethanol producer that employees 10,000 people worldwide. Gorder was named president and CEO in May 2014, and chairman of the board in December 2014.
Tickets for the 2018 Valero Texas Open went on sale Wednesday. To purchase tickets, click here.