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It’s the end of an era for professional golfer Tiger Woods, who announced the end of his 27-year partnership with Nike.
Woods shared the news on Instagram, calling Nike one of the “most iconic brands in the world” and looking to the future of his career.
“People will ask if there will be a next chapter,” he wrote, hinting at the possibility of new sponsorship. “Yes, there is definitely a next chapter.”
Nike also confirmed the news by posting a photo of Woods wearing a red Nike golf polo shirt on their official Instagram account.
The caption on the photo reads, “One hell of a round, Tiger.” “You challenged the entire golf world. You challenged us. And most of all, you challenged yourself. And we are grateful for that challenge.”
Woods, who became a professional golfer in 1996, will make his long-awaited return to the Masters Tournament in April 2022 after missing several years ago due to a back-related injury.
Nike’s endorsement of the athlete over the past nearly 30 years has boosted his net worth.
around forbesWoods was the highest-paid athlete in the world for 10 consecutive years from 2002 to 2012.
Although unconfirmed, Woods’ original multi-year deal with Nike was reportedly worth $40 million, making it the richest endorsement deal ever signed by a professional athlete at the time.
It is estimated that more than 90% of Woods’ income comes from brand sponsorships and sponsorships with numerous companies, but his most lucrative deals are with Nike, Gatorade, and Gillette.
In June 2022, Woods’ net worth soared to an estimated $1.7 billion, officially reaching billionaire status.
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