Barclays pulling out

Barclays have ended their 10-year sponsorship of the European Tour's Scottish Open.

Scottish Open looking for a new sponsor

Barclays have ended their 10-year sponsorship of the European Tour's Scottish Open. The tournament will celebrate its 30th anniversary in July next year with organisers aiming for new sponsors to be on board. European Tour chief executive George O'Grady said in a statement: "We thank Barclays for their vision and leadership. "We respect and understand that their decision was based on market factors following a hugely successful partnership that has lasted almost a decade. "The combination of a world-class title, prime date in the week immediately before the Open Championship and stunning location in Scotland - the Home of Golf - make this a particularly attractive proposition and we look forward to securing the future of the Scottish Open with a new sponsor." Tim Peat, managing director of Barclays Capital, added: "Barclays has been proud to be the title sponsor of the Scottish Open for the last decade. "We made our decision reluctantly based on current market factors." Argentina's Eduardo Romero won the first Barclays Scottish Open in 2002 at Loch Lomond and subsequent winners included Ernie Els, Martin Kaymer and Graeme McDowell. The final Barclays Scottish Open was won by world number one Luke Donald in July, who claimed the title thanks to a closing 63 at the competition's new home of Castle Stuart, near Inverness.