US PGA champion McIlroy is poised to rubber-stamp a 10-year deal with Nike worth as much as $250m (€191m), according to media reports. Nike is set to supply the 23-year-old Northern Irishman's clubs and have its name or logo on his clothing in an exclusive deal.
"Oakley's contract with Rory has a right of first refusal that permits us to retain Rory as an Oakley endorser by matching any offer he receives covering our products," the company said in a statement.
"These types of provisions are common in the industry. Oakley values Rory and will do all it can to retain him," it added.
The Dubai-based hotel company Jumeirah Group confirmed yesterday that its five-year sponsorship deal with McIlroy had ended, the latest indication that confirmation of the Nike deal was imminent.
"Jumeirah became my first corporate sponsor when I turned professional back in 2007 and I would like to thank everyone at the company for their support in helping me become the player I am today," McIlroy said in a news release.