We’re thrilled to announce that the golf course at #Trump World Golf
Tiger Woods became the first athlete to be worth $1 billion.
Five years later, Woods hit the lowest of lows, personally and professionally, and is now trying to get back on the upswing toward major championship No. 15. While his competitive future is uncertain, Woods’ financial future appears bright, according to a sports business expert.
Former CBS Sports president Neal Pilson, who now runs his own sports consulting firm, believes the 14-time major winner is well on his way to earning a second billion, particularly driven by off-course business deals.
We’re thrilled to announce that the golf course at #Trump World Golf Club #Dubai, will be designed by @TigerWoods! pic.twitter.com/eAvMTywM1F
— DAMAC Properties (@DamacOfficial) December 9, 2014
Last week, Woods announced a personal and tournament sponsorship deal with Hero Motors, a combined four-year, $32 million deal. The bigger news, however, was that the Hero World Challenge would be moving for the next three years to the Albany development in the Bahamas, in which Woods has a stake along with Joe Lewis, owner of the English Premier League’s Tottenham Hotspur and chief of the Tavistock Group. Tavistock developed Isleworth Golf & Country Club, Woods’ former home club and host to last week’s tournament, and the surrounding community to which Woods moved in 1996.
The effective merger of the World Challenge and the now-defunct Tavistock Cup is not only a big opportunity for Woods’ foundation, but also his business post-golf.
Additionally, Donald Trump has tied up with golfer Tiger Woods to design an 18-hole golf course at the “Trump World Golf Club” in Dubai. The speculated golf course would be set in Akoya Oxygen, which is 55 million square-foot in area.
The golf course will be managed by the Trump Organisation and will be called ‘Trump World Golf Club Dubai’. Site preparation work on the Trump World Golf Club Dubai is already underway, with the course due to open by the end of 2017. Woods is expected to make a site visit “very soon”, although no dates have been released.
While Woods’ design business is now thriving after a slew of early setbacks out of his control, the golfer can look forward to even more deals in the future.
Source Yahoo.com