There is growing concern about the future of the signature golf event at Fort Worth's Colonial Country Club.
Dean and Deluca has been the title sponsor for the past two PGA tour events at Colonial. But according to a letter from the country club's president to Colonial members, Dean and Deluca has warned the PGA it might not be able to meet its financial obligations next year.
"I want to ensure each and every one of you that the leadership of Colonial is working closely with our great staff and doing everything we can to address the situation," the letter states. "We are in virtually constant communication with the PGA Tour, and are encouraged by their commitment to our event."
The company signed six-year commitment and still has four years left on the deal.
The Colonial said it is working with the PGA, Fort Worth Mayor Betsy Price and Congresswoman Kay Granger to keep the tournament on track if the sponsorship falls through.
The news comes months after PGA officials announced a reshuffling of its schedule for major tournaments that put the Colonial’s traditional late May playing in doubt. The PGA Championship is set to move from August to May in 2019.
The 2018 Dean and Deluca Invitational is scheduled to begin May 21.