Tiger Woods snubs $75m Paddy Power sponsorship deal
In recent months, Tiger Woods has lost sponsorship deals with the likes of Gatorade, AT&T, Accenture, Gillette and General Motors. So when Irish bookmaker Paddy Power entered in talks with Woods’ management company, IMG, over a $75 million sponsorship deal for his image rights, it looked as if the two would find an agreement.
Reports state that Paddy Power were prepared to pay Tiger the $75 million over the course of 5 years, dependent on his performances, with $5 million up front, as they sought to secure their biggest ever sponsorship deal.
The Irish giant is used to creating enormous publicity through their advertising campaigns, but the $75 million deal would rank way above giving out green umbrellas on Paddy Power Gold Cup Day in November or refunding losing bets if Dunguib wins the Supreme Novices Hurdle at the Cheltenham Festival.
However, IMG rejected the Paddy Power proposal, most likely because the PGA forbids golfers to have any ties with bookmakers.
Paddy Power are still keen to work with Tiger, and will reformulate their sponsorship proposal in the next few days.
Paddy Power offer the shortest odds about Tiger winning a fifth US Masters title this year – just 3/1.
bookies.com is your best bet for comparing golf odds:
Maybank Malaysian Open Betting Odds
Leave a Comment
