Nike and Tiger Woods are ending their 27 year relationship. Here’s why and what he might do next.
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Nike is leaving Tiger Woods and maybe the golf game all together but why would Nike leave Tiger Woods it’s hard to imagine why when you look at what tiger has done for the game of golf and Nike 27 years ago Nike signed Tiger Woods and they were making $30 million a year on
Annual revenue of golf fast forward tell years later just two years later and Nike was making $300 million a year from golf so tiger was great for the brand and Phil Knight knew it when he said the world has not seen anything like what he’s going to do for the sport it’s
Almost art I wasn’t alive to see Monae paint but I’m alive to see tiger play and that’s pretty great they stuck through him from his extra marital Affairs his injuries his DUI his car crash in every moment in between 27 years $500 million and the relationship
Is now coming to an end but why why would would Nike leave Tiger Woods all right so before we get to why Nike themselves would leave Tiger Woods I would like to first of all start off of giving you some facts and some background here on the Nike and Tiger Woods
Relationship so they stuck with him through extra marital Affairs as I said earlier DUI Etc and today he’s still the world’s most famous golfer so they stuck through him through all his problems and that’s because he was a big money maker for Nike uh just the
Facts of when him going to play in a major I think I read somewhere the 2019 Masters when he actually came back won a masters produced over $ 30 to $40 million in revenue for Nike just one tournament alone so there were so many big benefits to Tiger Woods and what he
Did for Nike in just two years after signing Nike tiger went as said from 30 million in golf Revenue to 300 million in golf revenue and remember we said that tiger himself has made $500 million from Nike so we’re saying in just two years they were already making over $300 million a
Year in Revenue just think about how much money Tiger Woods actually made Nike it’s pretty phenomenal it’s pretty amazing I mean it was a money printing machine but then something happened Nike stopped producing clubs and when they stopped producing clubs tiger himself went and started using tailor made clubs
Which is fine because at the end of the day there was still that Nike Swoosh when he went and played in tournaments and people ate that up people loved to wear the Nike shirts the dry fits the golf shirts it was a huge huge deal for Nike but then they also stopped
Producing golf balls and Tiger Woods had to change out golf ston uh golf Stones golf balls to Bridge Stone another loss of Nike Revenue there so they were not making any more clubs they’re not making any more golf balls so Tiger Woods is just simply wearing the Nike shirt and
Nike shoes but then after his latest surgery and car crash he actually had to switch out the Nike shoes as well so he’s no longer wearing Nike shoes no longer using their golf clubs and no longer using Nike golf balls so essentially he’s just wearing their shirts now now the relationship is basically
Over Nike might be getting out of a golf business alog together which I’m really surprised with because Charlie Woods his son is going to be coming up soon and he’s going to be a huge deal so I thought there would be just like a natural Synergy where they’d go try to
Get Charlie Woods next but what could Ty before we get to why they left what could tiger do next could he go to Taylor Maid very possible he uses their clubs but there’s also a company now that’s taking Golf World by storm and that’s called Grayson Justin Thomas has
Equity in it and Tiger Woods is really good really good and close friends with him and they even posted on Instagram that they were having Charlie Woods his son as a brand ambassador but then all of a sudden they pulled that post so maybe it was nothing official maybe
They’re going to announce something down the line with Charlie and tiger at the same time but I also think that means he’s going to get equity in that as well and that could make him a whole lot of money with Equity piece of the Grayson
Uh brand and I don’t think he’d go and actually do his own brand it’s a lot of work and tiger has done a lot of work in his career and I don’t think he’s really going to be willing to be a face of a brand by
Himself but let’s get to why Nike left Tiger Woods and I think it’s pretty simple there’s obviously multiple reasons why they could have left Tiger Woods but this is a big big big thing for Nike and they have a policy in the company now and when you’re as big as
They are now with shareholders sharen board of directors it’s really hard to go back on what you actually have a policy in the company and say no we want to change it and I told you already there’s been less and almost no more golf clubs no more golf balls and Nike
Has a policy that 10% is their maximum on category Revenue that they’re willing to spend on an athlete and tiger is going to demand a lot more than that and with the Nike golf business I know golf business itself is skyrocketing but the Nike golf business maybe it’s because
Tiger Woods hasn’t been playing as many tournaments lately I don’t know what it could be but their revenue has kind of gone down quite a bit and they need to end this relationship CU I don’t think financially it makes complete sense for them with Tiger Woods ending his look
Probably at the end of his career and they don’t want to put all their money over 10% on category revenue on a golfer whose career looks like is coming to an end and that’s simply why I believe that Tiger Woods is done with Nike for good I don’t think I know they
Posted their post and saying you know it’s over thank you for the great run but I don’t think he’d come back to it and I think it’s probably a mutual decision by both I don’t think tiger will be playing in that many more tournaments I’m just surprised that they
Didn’t choose to just you know throw the bag at Charlie Woods but that is what it is that’s business and that’s why Nike is leaving Tiger Woods and my name is George Jour this is the Sports on Tap and if you like this video make sure you
Press that like button put in a comment and let us know what you think why do do you think the reason I gave you is the reason that Nike and Tiger Wood’s relationship is now come to an end and we’d really appreciate if you subscribe to our channel it’s just me and my
Brother running this company and we’d really appreciate it and we’ll see you guys next time
6 Comments
Nike is getting out of golf altogether. I said this was happening 5 months ago, and I was laughed at lol. Who's laughing now 😅
He not a role model
You do realize that Nike was loosing money when they made clubs and balls. The RND side of making golf equipment is 100s of millions of dollars a year to keep up with big brands. You should have looked into how much Nike was spending on golf and how much it was making on golf.
Any company that can afford to pay to athletes the kind of money they do does not deserve my business because we the public are paying their salaries and i also am fortunate enough that i dont worship tiger i worship our heavenly father and that goes for any other athlete
Bring back our sonics!
You have no business making a video about something you’re absolutely clueless about. Typical Interneter, buddy Bridgestone made Nike balls, Nike is the new woke hypocrite in all business! Kappernick kneeling, Lebron racist equality nonsense…..all being paid by Nike out of child and slave labor. F’n dumb masses like you proudly buy into the mainstream marketing and narrative without ever understanding their partaking in the hypocrisy! Making the pnw look like interneters buddy, you’re probably from Ohio claiming the nw, something the real ones (born and raised) far from libtard dem.. turn off and unplug for a bit, you’re stuck in the trace of fuckery!