Tiger spurns €55m Paddy Power offer

By Tony Leen

Saturday, March 06, 2010

BOOKMAKERS Paddy Power have revealed that Tiger Woods has turned down a $75million (€55m) sponsorship offer from the Irish layers.

Paddy Power had made an initial offer to pay the sum over a five-year period but, after talks with Woods’ management company IMG, that was rejected.

But Paddy Power aim to continue talks before making a revised offer.

In a statement, the company said: "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 has seen a number of high-profile sponsors end their links with him following the publicity surrounding allegations that he had extra-marital affairs.

He has yet to return to playing and recently made a public apology over his actions.

This story appeared in the printed version of the Irish Examiner Saturday, March 06, 2010