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Tiger loses another sponsor in MusclePharm
- Updated: May 28, 2016
9:50 PM ET
Tiger Woods has lost another endorsement deal.
MusclePharm, which signed the golfer two years ago to a deal that entitled the company the right to be on his golf bag, agreed to pay Woods to prematurely end their deal as part of the plan to further trim expenses.
The company disclosed in a filing to the Securities and Exchange Commission on Wednesday that it entered a deal on May 19 with Woods’ company, ETW Corp.
The company said in the filing that from July 1, 2014, to March 31, 2016, the company paid Woods $7 million. To settle the deal, the company disclosed it paid an additional $2.5 million.
MusclePharm, which …
continue reading in source espn.go.com
