Tourney Loses Its Sponsor

Shearson Lehman Brothers has decided that La Jolla, long a symbol of wealth and leisure, no longer is an appropriate image for its financially strapped company. It announced earlier this week that following this year it will drop its sponsorship of the men’s professional golf tournament at La Jolla’s Torrey Pines Golf Course.

Hit by financial losses and forced to lay off workers, Shearson decided spending $3 million on the tournament was unjustified.

Tom Morgan, executive director of the Century Club, which runs the tournament, told the Associated Press that the company gave him warning and that he has been searching for a new sponsor for three weeks.

But “the line (of potential sponsors) is not as long,” Morgan said. “Companies are not as anxious to commit those kinds of corporate dollars at this stage without taking a long look at it.”

SOCCER

Yari Allnut, who played locally at La Jolla High and for the La Jolla Nomads, contributed a goal as the U.S. Olympic team beat F.C. Volendam of the Netherlands’ first division, 3-1, in Cocoa, Fla.

Dante Washington, who plays for Radford College, had the other two goals.

The U.S. team, which went 0-2-1 at the Seoul Olympics, has a bye in the first two rounds of qualifying for the Barcelona Games. The Americans will play their qualifying matches this summer.

The soccer tournament at the Barcelona Olympics is limited to players younger than 23 years old.