London, Jan 9 (ANI): World number one golfer Rory McIlroy has decided not renew his current sponsorship deal with luxury hotel company Jumeirah Group, which has increased rumor that he will sign a 20 million pound per year deal with sports giants Nike.
The global hotel company based in the United Arab Emirates is finalising a five-year deal with the world No 1, which he first signed when he was only 18, the Daily Mail reports.
The Jumeirah Group was one of the Ulsterman's first corporate sponsors, and gave him the backing to pursue his career professionally in America.
McIlroy thanked the Jumeirah Group for their support in helping him become the player he is today on Tuesday in a statement.
McIlroy added that he has enjoyed five very exciting and successful years with Jumeirah and will always have great memories of my time with the company, adding that celebrating his first professional win at the 2009 Dubai Desert Classic with the Jumeirah team was a particular highlight.
The announcement allows McIlroy to pursue a lucrative endorsement contract, with strong indications that he will sign with Nike in a deal that one industry observer estimated at 20 million pound a year.
That would give Nike golf's two biggest stars in McIlroy and Tiger Woods, who has been with the sportswear company since he turned pro in 1996. (ANI)