Chase Manhattan Bank said Thursday that it had signed a $1 million deal to become the new sponsor of the women's tennis tournament formerly called the Virginia Slims.

The event, which will be held the second week of November in New York's Madison Square Garden, had been criticized because of its tobacco company sponsorship.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.