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Rory signs new deal

Abu Dhabi: World No. 1 Rory McIlroy has signed a multi-year sponsorship agreement with Nike as the US sportswear company moves on after dropping disgraced cyclist Lance Armstrong last year.

Commercial terms were not disclosed but media reports say the agreement with the fresh-faced Northern Irish golfer unveiled on Monday is worth as much as $250 million over 10 years, one of the most lucrative in global sports.

McIlroy was previously sponsored by golf brand Titleist. The US PGA champion, 23, topped the tournament earnings lists in both the US and Europe last year and is seen as having supplanted Tiger Woods as the game’s greatest talent.

The agreement is especially important for Nike as it seeks to move on from the doping scandal that forced it to ditch American Armstrong.