Statement re $75m Tiger Woods

RNS Number : 1676I

Paddy Power plc

05 March 2010

 



PADDY POWER plc

$75m Tiger Woods Sponsorship Rejected

(05 March 2010) Following recent international media coverage of Paddy Power's negotiations with IMG to sponsor Tiger Woods, the company confirms that its initial offer covering a five year period for a total potential sponsorship of $75 million has been rejected by IMG. Paddy Power remains keen to work with Tiger Woods, and will re-engage with IMG. An enhanced offer will be made, the details of which will remain confidential.

Ends

For reference:

Ken Robertson                    Paddy Power
Media & PR Manager            Head of Communications
Paddy Power plc                 Paddy Power plc
T:++353 1 4045915            T: ++ 353 1 4049620
M:++353 87 8528718          M:++ 353 87 8250893

 

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