What is the monetary value of Tiger Woods' "transgressions". How much will he lose due to dropped sponsorships and a soured image?
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M$4 Answers
But the above statement has been refuted by Ryan Ballengee of waggleroom.com the following day, by saying that "As you can see from the totals, had you bought up the seven non-bankrupt current and now former sponsors of Woods, you would be up nearly $1.5 billion. If Woods has the impact on the stock market that professors Knittel and Stango would lead you to believe (he doesn't), then the Tiger Woods accident would have made you a lot of money on paper."
The conflicting statements only goes to shows the meaning of the term "YOU LOSE SOME AND WIN SOME."
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M$
I'm not worried about Tiger's financial outlook in the least.
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M$
Personally ?
The value of lost sponsorships thus far was reported to be $12M / year on the news this morning.
Assuming these 'relationships' would have continued while he was at the top of the game - say 10 years ? and accounting for a little inflation, you have to think that the number is around $200M currently assuming nobody else pulls out of the sponsorship deals.
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M$His personal loss is not comparable to what shareholders lost.
BV Money says investors such as - Video gamemaker Electronic Arts, Gatorade and Nike experienced a 4.3% drop in stock revenue.
Daily News says the sex scandal cost shareholders of sponsors like Nike, AT&T and Gatorade a whopping 12 Billion.
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M$
