SAVANNAH, GA (WTOC) - Liberty Mutual Insurance, the longest running sponsor in professional golf and the title sponsor of Savannah's Champions Tour event for the last 11 years, has cut ties with the Legends of Golf. Pro golf's future in Savannah in jeopardy

Liberty Mutual senior vice president Paul Alexander has confirmed that the company's decision to leave golf after 35 years, a result of Liberty Mutual's new sponsorship ventures with the Olympic Games and the FIFA World Cup.

How the decision affects the future of professional golf remains unclear.

The Legends has been played at The Club at Savannah Harbor since 2003. Westin Savannah Harbor Resort general manager Mark Spadoni continues to be in discussions with the Champions Tour, which does not presently have a replacement sponsor or location for the Legends.

"We are in the process of working with the Tour to come up with a plan to keep the Legends going in Savannah,'' said Spadoni, who was returning from the Presidents Cup in Dublin, Ohio. "We are still very interested in having an event and the Tour continues to express an interest in having an event in Savannah and in finding a sponsor.''

The 2014 PGA Tour schedule has been out for a month, but next year's Champions Tour schedule has still not been released.

Dates and locations of tournaments will almost certainly be announced by the time the Charles Schwab Cup Championship is played Oct. 31-Nov. 3.

"We're being patient and we hope to come up with a solution,'' said Spadoni.

Alexander, meanwhile, said the decision to leave golf and Savannah was a difficult one.

"For 30-plus years, we've been very grateful to have our name linked to the greatest names in golf,'' said Alexander. "we've said thank you to the golfers for making the tournament successful and we also thank the Westin, the volunteers, the business community and the golf community in Savannah for supporting us for 11 years and making it a great event.''

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Liberty Mutual pulls out of Legends