CME Group and LPGA announce extension of CME Group Tour Championship

The Women Skilled Golf Affiliation (LPGA) and worldwide derivatives market CME Group as we speak introduced an extension of the CME Group Tour Championship and the season-long Race to the CME Globe by 2025.

This two-year title sponsorship settlement will carry thrilling new alternatives for girls’s golf beginning in 2024, with an enhanced complete purse of $11 million, together with a report $4 million first-place prize, and $1 million for the runner-up.

Moreover, as a part of an enhanced purse distribution formulation, for the primary time ever, each competitor who qualifies for the 60-golfer discipline can be awarded not less than $55,000, rising recognition for all gamers.

“As a long-standing supporter of ladies in enterprise and sports activities, CME Group is happy to proceed our partnership with the LPGA to additional elevate ladies’s golf,” mentioned CME Group Chairman and Chief Govt Officer Terry Duffy. “Starting subsequent 12 months, the CME Group Tour Championship’s $11 million purse would be the highest on the LPGA Tour, and the $4 million first-place prize would be the largest single prize in ladies’s sports activities. Each of those developments will make our occasion much more thrilling for the gamers and spectators, whereas bringing extra parity to the sport.”

“Moreover, we sit up for persevering with our assist of St. Jude Youngsters’s Analysis Hospital by the CME Group Cares Problem – Rating 1 for St. Jude,” Duffy added.

“This partnership extension with CME Group is extraordinarily essential and underscores the expansion and energy of the LPGA,” mentioned LPGA Commissioner Mollie Marcoux Samaan. “CME Group has been pushing the LPGA ahead at each step of our evolution since 2011 and with this extension they’re as soon as once more serving to take the LPGA, ladies’s golf and girls’s sports activities to unprecedented heights. We’re grateful for Terry Duffy and CME Group’s continued dedication to advancing alternatives for women and girls, on and off the golf course. We’re additionally impressed and pleased with the corporate’s assist of St. Jude Youngsters’s Analysis Hospital all through the season and on the CME Group Tour Championship.”

The CME Group Tour Championship has been a season-ending spotlight on the LPGA Tour since CME Group first sponsored it in 2011. Current champions of the occasion embody 19-time LPGA champion and two-time CME Group Tour Championship winner Lydia Ko; back-to-back victories from Jin Younger Ko; and main champion Lexi Thompson.

The Race to the CME Globe has additionally been an integral a part of the LPGA Tour calendar since 2014. Within the season-long factors competitors, LPGA Members accumulate factors in each Official LPGA Match to achieve entry into the season-ending CME Group Tour Championship. The 2023 Race to the CME Globe competitors started with the Hilton Grand Holidays Match of Champions in Florida and concludes with the CME Group Tour Championship in Naples, Fla.

Featured picture credit score: Getty Photographs.