After 27 years of carrying Nike’s
NKE,
swoosh throughout golf tournaments, Tiger Woods will now not be sponsored by the corporate.
“Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the world,” Woods mentioned on X, previously Twitter. “The days since have been filled with so many amazing moments and memories, if I started naming them, I could go on forever. Phil Knight’s passion and vision brought this Nike and Nike Golf partnership together and I want to personally thank him, along with the Nike employees and incredible athletes I have had the pleasure of working with along the way. People will ask if there is another chapter. Yes, there will certainly be another chapter. See you in LA!”
Nike confirmed Woods’ departure in an Instagram submit on Monday.
“Tiger, you challenged your competition, stereotypes, conventions, the old school way of thinking. You challenged the entire institution of golf. You challenged us. And most of all, yourself. And for that challenge we’re grateful,” Nike mentioned, together with a photograph and the phrases, “It was a hell of a round, Tiger.”
Woods, 48, first signed with Nike in 1996, and signed a number of offers with the sportswear model all through his profession. The complete worth of Woods’ Nike offers is reportedly between $500 million and $660 million.
Woods was solely carrying Nike attire throughout tournaments, not utilizing its golf equipment anymore as Nike stopped making golf tools in 2016 and has solely offered golf clothes since.
The 15-time main champion is one in all simply seven athletes with a internet price of over $1 billion, in accordance with Forbes. Those different athletes embody Michael Jordan, Cristiano Ronaldo, Lionel Messi, LeBron James, Roger Federer and Floyd Mayweather Jr.
Shares of Nike Inc. rose 1.5% on Monday however are down 17% over the previous 12 months.
From the archives: When LeBron James selected Nike in 2003, he gave up $28 million — it may find yourself making him $1 billion
Source web site: www.marketwatch.com
