It is the tip of an period for Tiger Woods, because the skilled golfer introduced that he could 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 the planet” whereas wanting in the direction of the way forward for his profession.

“Folks will ask if there may be 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 pink Nike golf polo on its official Instagram account to verify the information.

“It was a hell of a spherical, Tiger,” the picture reads. “You challenged all the establishment of golf. You challenged us. And most of all, your self. And for that problem we’re grateful.”

Woods, who grew to become an expert golfer in 1996, made a much-anticipated return to the Masters Event in April 2022 after sitting out years prior on account of a slew of back-related accidents.

Nike’s endorsement of the athlete over the previous almost three many years has helped his internet value soar.

Per Forbes, Woods was the highest-paid athlete on the planet for 10 years straight from 2002 by 2012.

Although unconfirmed, Woods’ authentic multi-year cope with Nike was reportedly value $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 corporations, however his most worthwhile offers have been with Nike, Gatorade, and Gillette.

In June 2022, Woods formally reached billionaire standing as his internet value shot as much as an estimated $1.7 billion.