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A Nike executive says the company is happy for Tiger Woods to stay away from golf for as long as he needs to sort out his private life.
The U.S. sports outfitter's $650 million golf sector has been one of the hardest-hit segments of its business but brand president Charlie Denson says he does not want to see Woods back in action until he is ready.
Nike is a longterm sponsor of Woods and is standing by the top-ranked golfer despite the damage done to his image by the high-profile infidelities he publicly apologized for last week.
Denson says ``under the circumstances, the more he deals with the issues and the better he deals with them, the better off he'll be when he does return.''
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Woods has not set a date for his return.
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