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Tiger Woods Turns Down $75 Million Poker Offer

World’s Richest Athlete Declines New Sponsorship Opportunity

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Tiger Woods is not about to sponsor a poker company. Tiger Woods photo courtesy of Keith AllisonNo matter how many corporate sponsors decide to distance themselves from the embattled Tiger Woods, one thing is perfectly clear — he’s not exactly hurting for the money.

That became abundantly clear when Paddy Power, an Irish-based online gaming site, announced that the pro golfer had turned down its five-year, $75 million sponsorship offer.

The deal was rejected through Woods’ management company, IMG. Paddy Power has said that it would return with an even better offer.

“Paddy Power remains keen to work with Tiger Woods and will reengage with IMG,” the company said in a statement. “An enhanced offer will be made, the details of which will remain confidential.”

It is very unlikely that Woods would ever accept such an offer, and a representative for IMG said that it was not seriously considered. PGA rules prohibit players from promoting gambling companies, among other institutions.

Woods has largely kept clear from the public eye ever since his November car crash, which accelerated rumors and reports that he was having several affairs. Woods admitted “transgressions” on Dec. 2, before making a public televised apology on Feb. 19.

It remains unclear when the golfer will compete again, but it was reported this week that he was working with his longtime swing coach, Hank Haney. The next major championship, the Masters, will start in Augusta, Georgia, on April 8.

Tiger Woods photo courtesy of Keith Allison and is licensed under a Creative Commons license