“The agreement expired at the turn of the year and was not extended,” says one of the company’s spokespersons The evening paper.
Stenson has been heavily criticized for his decision last year to move to the new, Saudi-funded, LIV Tour. Shortly after it became official, the insurance company Mutual of Omaha chose to immediately break the partnership.
The move to the cash-strapped LIV Tour also saw Stenson shed his role as Europe’s Ryder Cup captain.