Not even Tiger Woods could make golf profitable for Nike
Nike exited the category a year ago amid Woods’s fading star power and the sport’s declining popularity
Phil Knight, co-founder of Nike, was so enamored with a young Tiger Woods that the company began recruiting him three years before signing him to an endorsement deal at 20.
“You could see him coming from way back,” Knight said. The young golfer would occasionally play in the Portland, Oregon area, near Nike’s headquarters, “and we’d always invite him and his father out to lunch”. It was the start of a long – and ultimately unprofitable...
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