Woods turns down $75m Paddy Power offer 08/03/2010 |
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Paddy Power has revealed it will make an “enhanced” offer to sponsor Tiger Woods after the world No1 apparently rejected a $75m deal from the bookmaker.
The company admitted at the end of last week that it was in negotiations with Woods, who is taking an indefinite break from golf after admitting marital infidelity.
In a new statement, the bookmaker said: "Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer covering a five-year period for a total potential sponsorship of $75m has been rejected by IMG.
"Paddy Power remains keen to work with Tiger Woods, and will re-engage with IMG. An enhanced offer will be made, the details of which will remain confidential."
Woods lost several sponsors over the scandal that engulfed his private life, including Accenture and Gatorade.
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