Even Woods couldn't make golf biz profitable: Nike Founder
Nike's Co-founder and former CEO Phil Knight has said that Nike's golf division did not break-even despite the "celebrity" of Tiger Woods and "his legion of fans". He further said, "Itâs a fairly simple equation, that we lost money for 20 years on equipment and ballsâ. Notably, Nike exited the category a year ago amid the sportâs declining popularity.