FOR IMMEDIATE RELEASE: July 6, 2016

CONTACTS:       Stewart Moore, PGA TOUR, 904-540-2765, StewartMoore@pgatourhq.com

Michael Baliker, PGA TOUR, 864-430-9801, MichaelBaliker@pgatourha.com

PGA TOUR names Phoenix Country Club as host of 2017-18 Charles Schwab Cup Championship

Season-ending PGA TOUR Champions event determines annual Charles Schwab Cup champion

PONTE VEDRA BEACH, Fla. – PGA TOUR Champions and Charles Schwab & Co., announced today that Phoenix Country Club in Phoenix will serve as host of the Charles Schwab Cup Championship in 2017 and 2018. The 2017 event will be contested the week of November 6-12.

“Phoenix Country Club is a wonderful venue on which to contest our most prestigious event of the year,” said PGA TOUR Champions President Greg McLaughlin. “The Charles Schwab Cup Championship provides an exciting conclusion to our Charles Schwab Cup Playoffs, and I am confident our players and fans will embrace this new venue for our season-ending tournament.”

Since 1990, the Charles Schwab Cup Championship has served as the final event of the PGA TOUR Champions season, with winners such as Tom Watson, Hale Irwin, Raymond Floyd and Fred Couples.

The event will take on added significance this year as the third and final leg in the inaugural Charles Schwab Cup Playoffs – a season-ending, three-tournament series used to determine the Charles Schwab Cup champion.

The event’s 2015 edition was one of the most exciting to date, with Bernhard Langer and Billy Andrade dueling in a playoff which left Andrade as the tournament winner and Langer as the Charles Schwab Cup champion for a record third time in his career.

“The Charles Schwab Cup is the ultimate prize that every player on the PGA TOUR Champions strives for each season,” said Derek Benbow, managing director of sponsorships for Charles Schwab Co., Inc. “We are looking forward to hosting the Charles Schwab Cup Championship at the storied Phoenix Country Club, which will provide an outstanding backdrop for the conclusion of the Charles Schwab Cup Playoffs.”

Phoenix Country Club will be the eighth club to host the Charles Schwab Cup Championship when the event moves from its current home of Desert Mountain Club in nearby Scottsdale, Arizona. The 2016 event will return to Desert Mountain Club’s Cochise Course the week of November 7-13.

Phoenix Country Club served as host of the PGA TOUR's Waste Management Phoenix Open from 1932-1986, producing winners such as World Golf Hall of Fame members Jack Nicklaus, Arnold Palmer, Ben Hogan and Byron Nelson.

Founded in 1899, the club is one of the oldest venues in the west, with a classic, parkland routing tucked away in a neighborhood adjacent to the city's center city, complete with views of Piestewa Peak, Camelback Mountain and the downtown skyline.

The original layout was designed by Harry Collis in 1901, with a full redesign by PGA TOUR Champions star Tom Lehman and noted architect John Fought in 2002.

“Phoenix Country Club and its members are excited to bring professional golf back to our course,” said Rick Baker, president of Phoenix Country Club. “We are especially thrilled that PCC will be the home of the 2017, 2018 PGA Tour Champions’ Charles Schwab Cup Championship. It has been 30 years since our last involvement with professional golf and we look forward to providing the backdrop for this exciting finish to the season.”

For more information on the Charles Schwab Cup Championship, PGA TOUR Champions or Phoenix Country Club, please visit www.PGATOUR.com.

About PGA TOUR Champions

PGA TOUR Champions has the most recognizable and accomplished players in the game, with many of its 34 members in the World Golf Hall of Fame competing regularly in its events. It’s where Legends play. The Tour also counts numerous other major championship winners among its members. PGA TOUR Champions is a membership organization of professional golfers age 50 and older. Conceived in 1980 as the Senior PGA Tour, it started with just four events and purses totaling $475,000. PGA TOUR Champions primary purpose is to provide financial opportunities for its players, entertain and inspire its fans, deliver substantial value to its partners, create outlets for volunteers to give back, protect the integrity of the game and generate significant charitable and economic impact in communities in which it plays. Points earned in official Charles Schwab Cup events in 2015 determined Bernhard Langer as the Charles Schwab Cup champion. In 2016, the newly-introduced Charles Schwab Cup Playoffs will identify and recognize the Tour’s leading player. The Commissioner of the PGA TOUR is Tim Finchem. Greg McLaughlin is President of PGA TOUR Champions. The PGA TOUR’s website is pgatour.com, the No. 1 site in golf, and the organization is headquartered in Ponte Vedra Beach, Fla. Follow the PGA TOUR Champions at facebook.com/ChampionsTour and on Twitter @ChampionsTour.

About Charles Schwab & Co.

At Charles Schwab we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients’ goals with passion and integrity. More information is available at www.aboutschwab.com. Follow us on Twitter, Facebook, YouTube, and LinkedIn.

About Phoenix Country Club

The Phoenix Country Club is one of Arizona’s original and most historic clubs, located in the heart of Downtown Phoenix. The club originated in 1899 and has been located at its current site since 1927. Arizona Senator Barry Goldwater’s brother Bob (known as the “Father of the Phoenix Open”) was instrumental in the Phoenix Open’s creation in 1932, where it remained at the club through 1986. Being one of the oldest events of the PGA TOUR, it has been host to many legends of the game during its storied history. Players on the course today are able to see it through the eyes of such greats as Ben Hogan, Byron Nelson, Arnold Palmer and Jack Nicklaus.

A course re-design took place in 2002 by Tom Lehman and John Fought, who agreed that preserving the course’s old-school style was of the utmost importance. This 18-hole course features year-round playability as well as stunning views of Piestewa Peak, Camelback Mountain and the Downtown Phoenix skyline.