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Tiger Woods' sex scandals cost him $25m in endorsement deals

Posted By: Staff

New York, June 19 (ANI): Tiger Woods' sex scandal has cost his agency IMG 4.6 million dollars, according to sources.

This means the disgraced golfer likely lost up to 25 million dollars in endorsement deals last year.

Woods pulled in 64 million dollars from endorsements last year and he pocketed most of the cash before the Thanksgiving car wreck that totaled his pristine image.

Woods' affairs cost him deals with Accenture, AT and T and Gatorade.

"He's still doing pretty well," the New York Daily News quoted a source said as saying.

And Woods' management company IMG is also in no danger of going broke.

The agency made a profit of 85.3 million dollars last year, according to CNBC, which first reported the company's losses. (ANI)

Story first published: Saturday, June 19, 2010, 17:01 [IST]
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