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J.P. Morgan, a global financial services company, is the new title sponsor of the Tournament of Champions, the USA’s largest professional squash event. The J.P. Morgan Tournament of Champions will be played from 23-29 January 2009 in Grand Central Terminal in New York.

“With J.P.Morgan as our title sponsor and a 50% increase in prize money, the Tournament of Champions continues its long tradition as one of the world’s premier squash championships,” announced John Nimick, Tournament Director and President of Event Engine, Inc. “We’re very fortunate to have J.P. Morgan continue the sponsorship Bear Stearns spearheaded for the past five years.”

Now in its 12th year as Grand Central’s only annual sporting event, the J.P. Morgan Tournament of Champions will once again showcase the speed, skill and fitness of the world’s best squash players in the sport’s most exciting venue.

“The four walled glass court in Grand Central Terminal provides a venue like no other on the PSA Tour,” says Nimick. “The combination of the perennial sold-out stadium seating and the public viewing available on the front wall by what is expected to be 150,000 Grand Central commuters during tournament week makes the J.P.Morgan Tournament of Champions the largest squash spectator event in the world.”

With J.P. Morgan as the title sponsor and the addition of four new silver sponsors - American Express, Lexington Partners, Frank Crystal & Company and MarketAxess - prize money for the 2009 men’s championship will increase to $115,000 USD.