American golfing legend has turned down a five-year sponsorship deal reportedly worth $75 million.
Wednesday 17th March 2010
Irish online and land-based betting operator Paddy Power has made an audacious offer to sign American golfing legend Tiger Woods to a sponsorship agreement reportedly worth up to $75 million.
Woods took an indefinite break from the sport in November following an auto crash near his home in Windemere, Florida, and subsequent disclosures concerning infidelity.
Before these revelations, Woods allegedly earned over $100 million a year in endorsements but the controversy has seen the 34-year-old dropped by numerous sponsors including Accenture, AT&T, Gatorade, Buick and Gillette.
“At this stage, when other sponsors seem to be ditching him, there’s an opportunity there to step in,” read a statement from Paddy Power.
“He’s still somebody we would very much like to align ourselves to.”
However, Woods has rejected the offer, said to be a five-year deal, with Paddy Power reportedly looking into an enhanced offer in order to tempt the 14-time major champion.
“Paddy Power remains keen to work with Tiger Woods and will re-engage with IMG,” read the statement from the Dublin-based firm.
“An enhanced offer will be made, the details of which will remain confidential.”
