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Nike Tiger Woods
2009 is almost gone, back to that year, sex Tiger Woods in the scandal was one of warmer. May but not sure how much it costs.
It has cost shareholders of companies supporting the golfer $ 12 million (? $ 7.2 million), according to a study by economics professors at the University of California at Davis.
The study, by Christopher Knittel and Victor Stango, considered the market value of the main sponsors of Woods in the days following the car accident afternoon Golf on the night of November, and subsequent revelations of extramarital affairs.
"We believe that shareholders sponsors Tiger Woods' lost 5.12 billion dollars (? 3-7.2 million dollars) after his car accident, compared to shareholders of companies that Mr. Woods does not endorse "Professors wrote, adding that shareholder value has declined on average by 2.3 per cent.
Among the sponsors, sports business related Fared worse, with Tiger Woods PGA Tour Golf, Gatorade, Nike and all suffered a loss of 4.3 percent, or about $ 6 billion (? 3.7 billion).
Woods - The first sporting billionaire in the world - is estimated to earn between $ 66 million (? 41.5 million) and $ 100 million (? 63 million) in the annotations each year before the scandal erupted, but Gillette - one of its main sponsors - have announced they are reducing their use of wood in their advertising campaigns, the company released the complete player.
More than a dozen women have been linked with Woods since car accident, and the player has taken a life "indefinite" break from the sport to concentrate on his family, although he said that his wife Elin Woods and began divorce proceedings.
2010 approaches, The Tolly hope that a new Tiger Woods on the golf course.
Tiger Woods Lover # 2 - Jaimee Grubbs Sex Tape Video
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Article Source: ArticlesBase.com - A great cost on Tiger Woods's sex scandal
Tiger Woods first Nike Commercial - I am Tiger Woods.
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