True or False: In 1975, the tournament players division was renamed the Champions Tour.

The statement that the tournament players division was renamed the Champions Tour in 1975 is false. In reality, the tournament players division was established as the PGA Tour, and the Champions Tour, which is specifically designed for professional golfers aged 50 and older, was created later and originally named the Senior PGA Tour before adopting the name Champions Tour in 2003. Therefore, since the name change did not occur in 1975, the chosen answer reflects the historical timeline accurately.

In this context, the other options also do not hold true, as the tournament division did not become known as the Legends Tour or remain unchanged in name during that period. Hence, the assertion that the tournament players division was renamed the Champions Tour in 1975 is indeed incorrect.