Tiger Woods and Nike parted ways after more than 27 years.
Tiger Woods partnered with Nike more than 27 years ago. On Monday, the golfer announced he was moving on.
  • Tiger Woods and Nike are splitting up.
  • The pro golfer spent more than 27 years as a Nike athlete.
  • Woods thanked Nike cofounder Phil Knight in his statement on the departure.

Tiger Woods and Nike are ending their nearly three-decade partnership.

The legendary golfer announced Monday that he and the sportswear brand are going their separate ways as Woods prepares for "another chapter."

"Over 27 years ago, I was fortunate to start a partnership with one of the most iconic brands in the world," Woods said in his statement.