It is the tip of an period for Tiger Woods, because the skilled golfer introduced that he can be ending his partnership with Nike after 27 years.
Woods took to Instagram to share the information, calling Nike one in every of “probably the most iconic manufacturers on this planet” whereas trying in direction of the way forward for his profession.
“Folks will ask if there’s one other chapter,” he wrote, alluding to the potential for a brand new sponsorship. “Sure, there will definitely be one other chapter.”
Nike additionally posted a photograph of Woods in a crimson Nike golf polo on its official Instagram account to substantiate the information.
“It was a hell of a spherical, Tiger,” the picture reads. “You challenged the complete establishment of golf. You challenged us. And most of all, your self. And for that problem we’re grateful.”
Woods, who turned knowledgeable golfer in 1996, made a much-anticipated return to the Masters Event in April 2022 after sitting out years prior as a consequence of a slew of back-related accidents.
Nike’s endorsement of the athlete over the previous practically three many years has helped his web price soar.
Per Forbes, Woods was the highest-paid athlete on this planet for 10 years straight from 2002 by 2012.
Although unconfirmed, Woods’ unique multi-year cope with Nike was reportedly price $40 million, which was probably the most profitable endorsement deal signed by any skilled athlete at the moment.
It is estimated that over 90% of Woods’ earnings come from endorsement and sponsorship manufacturers with a slew of firms, however his most worthwhile offers have been with Nike, Gatorade, and Gillette.
In June 2022, Woods formally reached billionaire standing as his web price shot as much as an estimated $1.7 billion.
