Sold out: Why Tiger Woods can't name his new restaurant after himself
It's said that success comes with a price. For Tiger Woods, that price appears to be his name.
A developer working with the golfer on a new $8 million restaurant says he can't use "Tiger Woods" in any part of the name of the establishment because Nike owns its rights, according to the San Jose Mercury News.
Nicholas A. Mastroianni II says the deal with Nike prohibits Woods himself from using his first and last name without its consent. Because of that, the Jupiter, Fla. restaurant will be named Woods Jupiter: Sports and Dining Club.
A Nike endorser since turning pro in 1996, Woods signed his fourth endorsement deal with the company back in 2013. His contracts with the company have been reported to be worth in the neighborhood of $20 million per year.
http://www.sportingnews.com/sport/s...-restaurant-name-rights-nike-golf-endorsement
that's completely normal brehs
if i want you as my spokesman.. i don't want you being able to tarnish YOUR name, by doing a bunch of other bullshyt
example....
nike wants to push sports star A... they sign him and put him in all these commercials as the goodie gum drop type of a person... complete angel.... his name is Marvin Smith
Marvin never signed over his name... so he goes and opens Marvin Smith's strip club, weed dispensary, porn series, gun club..... all with his name in lights, right up front
well now you fukking up the NAME that i'm using to sell these nikes.. you fukking up the branding, that i just paid 150 million dollars to get and set up
now it's america, so marvin can open all these businesses... he's just not gonna be putting his name directly on them for one... and as another standard... i'll also be able to control what he puts his FACE on
so yea it'll hit the news... some people will find out... but it'll be a on WAAAAAAAAAAAY lesser scale, than if Marvin was allowed to have his name and face plastered anywhere he wanted it to be