Vijay Singh, who parted company with IMG last week, has appointed Charley Moore, who worked for the company for 11 years, as his new business adviser. Dave Lightner of FSM Capital LLC will continue to advise Singh on financial matters.

"Vijay and Dave asked me if I could help them manage Vijay's business affairs," said Moore to Sports Business Journal. "I have known Vijay for 20 years and look forward to assisting him in his career."

Singh issued a statement saying: "I have been represented by IMG for quite some time and am thankful for their years of service. I have many good friends there and nothing is changing at that level. However, I feel this is the appropriate time to take my career management in a new direction. I spoke with Teddy (Forstmann, IMG chief executive) last week, who is a personal friend, and we had a productive conversation. He knows I wish him and everybody at IMG nothing but the best."