Oct. 30 (Bloomberg) -- Rory McIlroy is ending his relationship with Acushnet Co.’s Titleist and FootJoy brands after the 2012 season, the company and the world’s No. 1-ranked golfer announced.
Neither McIlroy, who holds the No. 1 spot in the Official World Golf Ranking over No. 2 Tiger Woods, nor the company disclosed a reason for the split in a press release.
The Irish Times reported on Oct. 20 that McIlroy, who captured his second major title with an eight-stroke win at the PGA Championship in August, could sign a 10-year agreement with Nike Inc. worth as much as $250 million. The report didn’t cite a source for its information.
Conor Ridge, McIlroy’s agent, declined to comment on the golfer’s equipment sponsorship in an e-mail.
“I have enjoyed five very exciting and successful years with the company and I will always appreciate the contribution Titleist has made in helping me become the player I am today,” McIlroy, 23, said in a statement released by the Fairhaven, Massachusetts-based company.
McIlroy, who also won the 2011 U.S. Open and defeated Woods in a head-to-head exhibition match in China on Oct. 28, has been sponsored by Titleist and FootJoy since turning professional in 2007 at age 18.
Beth Gast, a spokeswoman for Nike’s golf division, didn’t immediately respond to an e-mail seeking comment.
To contact the reporter on this story: Mike Buteau in Atlanta at firstname.lastname@example.org
To contact the editor responsible for this story: Michael Sillup at email@example.com