Eldrick Tiger Woods tipped the scale of 2009 celebrity scandals, alongside Chris Browns beating of girlfriend Rhianna and Kanye West being Kanye West at the VMAs.
According to research by the University of California, Woods lost $13.65 billion of shareholders money, as stocks in companies endorsed by Tiger Woods dropped 2.3% after news of Woodss infidelity.
Investors in three sports-related companies—Tiger Woods PGA Tour Golf, Gatorade and Nike—fared the worst, experiencing a 4.3 per cent loss, or about $US6 billion, wrote the Sydney Morning Herald.
The PGA Tour showed harsh signs of Tiger fatigue as viewership of the Tour fell by 50%.
The viewership drop affects not only the PGAs sponsorship appeal, but also decreases the purse money offered to participating golfers. (…) Tiger is why were playing with so much money, said Bad Boy golfer John Daly on ABCnews.com. Daly and other PGA golfers may not see a financial reversal until the next Tiger Woods, as Woods claims he is taking an indefinite break from golf to focus on his family.
Woods changed many aspects of golf since his introduction into the professional golf realm in 1996. He has since won 71 tournaments on the PGA Tour. He leads the PGA in monies won and, at 21, was the U.S. Masters tournaments youngest champion. Woods was also the first professional athlete to earn $1 billion and the only golfer to own all four major golf trophies, the British Open, the U.S. Open, U.S. Masters and the PGA Championship, at the same time.
When Tiger was six months old, he would sit in our garage, watching me hit balls into a net, said Woods father, Earl Woods, on tigerwoods.com. He had been assimilating his golf swing. When he got out of the high chair, he had a golf swing.
Woods began his career at age two, appearing on CBS News and putting alongside Bob Hope. At age three, he shot a 48 on nine holes; at age six, he recorded his first hole-in-one and at age 17, received a scholarship to Stanford University.
So will the National Treasures fall from golf grace affect participation in the game of golf? According to Tom Stine from Golf Datatech, a marketing research company, Tiger doesnt affect rounds played. The average player doesnt care if Tigers playing.
Theyll play golf no matter what.