Paddy Power’s Tiger Woods Sponsorship Bid Rejected

Following recent international media coverage of Paddy Power’s negotiations with IMG to sponsor Tiger Woods, the company has confirmed that its initial offer covering a five year period for a total potential sponsorship of $75 million has been rejected by IMG.

Paddy Power stated that it 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.

Recent revelations about his private life have seen a number of corporate sponsors terminate their associations with the world number one golfer including General Motors, AT&T, Accenture and Gatorade.