Patrick Cantlay, the world’s fifth-ranked golfer, has decided to part ways with his hat sponsor, Goldman Sachs. According to DealBook, the investment bank opted not to renew its three-year contract with Cantlay, who was initially signed to represent Goldman’s online consumer banking platform, Marcus. However, in recent months he has only featured the Goldman name on his headwear.
This news is not surprising as there have been rumors circulating that Cantlay was refusing to wear a hat at the Ryder Cup out of protest for not being paid to compete in the international team competition. Cantlay denied these claims and stated that he wasn’t wearing a hat because the team’s headwear didn’t fit well. Additionally, Cantlay was scheduled to play the Hero World Challenge in two weeks in the Bahamas but was taken off the final commitment list along with friend Xander Schauffele.
A spokesperson for Goldman confirmed that they had evaluated their partnerships and decided not to renew Cantlay’s contract at this time. It remains unclear what factors led to this decision, but it is clear that Cantlay will no longer be representing Goldman on his headwear. This news is likely to have a significant impact on both Golf and Investment Banking industries as Patrick Cantlay is one of the most popular and successful golfers today and Goldman Sachs is one of the biggest investment banks in the world.