‘We Lost Money’: Nike Billionaire Insider’s Resurfaced Confession Hints That Even Tiger Woods Wasn’t Enough

The unfolding drama of Tiger Woods' potential split from Nike has resurfaced an old confession from Nike co-founder Phil Knight, shedding light on the struggles of their golf equipment venture, even with Woods as the face of the brand.

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Phil Knight's Candid Revelation

Nearly six years ago, Phil Knight appeared on The David Rubenstein Show, revealing Nike's two-decade struggle in the golf equipment market. Despite heavy investments, Knight admitted, “We lost money for 20 years on balls and equipment,” highlighting the challenges faced despite Woods' association.

Nike's Golf Equipment Journey

Nike's foray into golf equipment began in 1998, two years after signing Woods. Despite Woods' iconic status, Nike struggled to compete with established brands, leading to the eventual cessation of golf equipment production and a strategic focus shift towards golf apparel and shoes.

The Tiger Woods Factor

While the 15x Major champion's signing skyrocketed Nike's value, it wasn't enough to uplift the equipment sector. Knight also shared insights into Nike's early interest in Woods, cultivating a relationship years before his professional debut, showcasing their long-term vision and commitment to Woods as a brand ambassador.

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‘CRINGE AND WACK’: TIGER WOODS’ $8 BILLION PARTNER GETS BELITTLED BY FANS AFTER THEY MAKE A ‘RIDICULOUS’ TGL REVELATION

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