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Sponsorship woes knock Ginn Tribute off LPGA schedule

Updated: August 8, 2008, 3:49 PM ET
Associated Press

CHARLESTON, S.C. -- South Carolina has lost another LPGA event.

The organizers of the LPGA's Ginn Tribute hosted by Annika Sorenstam announced Friday they couldn't obtain the sponsorships needed to keep the tournament through 2010.

Ginn Companies chairman Bobby Ginn blamed a faltering economy and less corporate funds for the demise of the tournament at RiverTowne Country Club.

"The golf tournament business is primarily fueled by economic support," Ginn said in a statement. ...

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