Woods rejects $75m mega deal

Dublin - US golfer Tiger Woods has turned down a 75-million-dollar sponsorship offer from bookmakers Paddy Power, the Irish firm revealed on Friday.

Paddy Power had made an initial offer to pay the sum over a five-year period but, after talks with Woods' management company IMG, that was rejected.

But Paddy Power aim to continue talks before making a revised offer.

In a statement Paddy Power said: "Paddy Power remains keen to work with Tiger Woods, and will re-engage with IMG."

"An enhanced offer will be made, the details of which will remain confidential."

Woods has lost a number of high-profile sponsors following the publicity surrounding allegations that he had extra-marital affairs.

He has yet to return to playing and recently made a public apology over his actions.