Tiger Woods signs deal with Rolex

Watch company Rolex have announced that Tiger Woods will become one of their ambassadors.

For 35-year-old Woods, the deal is his first major endorsement since he lost five sponsorships following revelations about his private life two years ago.

"Rolex is convinced that Tiger Woods still has a long career ahead of him, and that he has all the qualities required to continue to mark the history of golf," read a statement on the Swiss-based company's website.

The terms of the contract have not been made public, although it is believed to stretch for at least five years.