As first reported by Fox Business Network Senior Correspondent Charlie Gasparino, Tiger Woods will hold a news conference Friday in Florida to discuss both his future and his admission to "transgressions" last year that were reported to involve marital infidelity.

According to a statement from Woods' agent, the golfer will speak to a small group of "friends, colleagues and close associates" at 11 a.m. Friday at the TPC Sawgrass clubhouse in Ponte Vedra Beach, Fla. Woods plans to apologize for his behavior last year, when several women reported having affairs with the renowned golfer.

Gasparino said he has been told by sources inside some of Woods' corporate sponsors that the disgraced golfer was planning a return to the golf links and would offer a public apology.

Woods, 34, disappeared from the public eye after he was involved in an auto accident outside his Florida home.  After the accident, Woods' wife Elin Nordegren reportedly moved out of the home the couple shared with their two children.  In the weeks following the crash, new women surfaced almost daily with tales of debauchery on the part of the golfer.

Earlier this year reports abounded that Woods had checked himself into a rehabilitation facility for treatment of sex addiction.  He has not played in a golf tournament this year and sponsors reported that Woods had requested privacy while dealing with the fallout.

Calls and emails to several of Woods' sponsors, including Nike (NKE), Gillette (G), Accenture (ACN), Tag Heuer and EA Sports were not returned. His agent, Mark Steinberg, did not immediately return phone calls.

Several of Woods' sponsors, including Accenture and AT&T (T) had dropped Woods as a sponsor after news of the alleged affairs broke.  Since then, rumors have swirled about Woods return to golf, with most saying he would be on hand in April for the Masters, the first of golf's four major tournaments every year.