Embattled golf legend and record-setting cocktail waitress skirt chaser Tiger Woods is set to break his silence Friday at a press conference held by the PGA.

Tiger Woods will appear in person at 11 a.m. to issue a statement, but there will be no question and answer session, according to Darren Rovell of CNBC.

According to Tiger's agent, Mark Steinberg, he plans to apologize via prepared remarks for his behavior, while discussing his golf return and future plans.

He will be speaking with a small group of his friends and colleagues during the conference, reports say. No word on whether wife Elin will be present.

What will Tiger Woods say in his prepared statement?

Charlie Gasparino of Fox Business Network said "sponsors have been alerted by his reps that a public apology from Tiger Woods is imminent." He continues:

"We don't have this yet from Tiger's representatives, but I'm getting this from reliable sources that something is coming down the pike, and really soon."

What do you think will come of this? Is releasing a statement with no Q&A, and no interview, the right move for a man whose image has been shattered?

More details to come as the story develops ...