Posted on 07/16/2011 7:59:15 PM PDT by fightinJAG
With only a few endorsement deals left, a recent divorce settlement, a hefty house mortgage, and even a pay cut from Nike, Tiger Woods' lifestyle is looking a lot less glamorous.
FORTUNE -- When news broke a few weeks ago that Tiger Woods had signed an endorsement deal to hawk a heat rub in Japan, it was hard not to think of Lost in Translation, or of the Entourage episode when Vincent Chase goes to China to do an energy drink commercial because he's out of money.
Although Woods was likely paid in the single-digit millions for the spot -- in which he takes a swing, rubs his back, and says, "Go Vantelin!" -- it's a far cry from campaigns for PepsiCo (PEP), Gillette, and Accenture (ACN). The last time Woods showed up in Japanese TV ads was in 1997, when he promoted Asahi Wonda coffee, back before he became a phenomenon. So the deal with Kowa (maker of the rub) seems more like a moment of desperation than a return to form.
It's no secret that Woods, once king of the sports world, has suffered financially since his fall from grace. His endorsement list shrank and his marriage ended in a divorce settlement reportedly worth $100 million. But now he may actually be hurting for funds. At the very least, there are signs that he isn't generating enough to comfortably cover his costs.
(Excerpt) Read more at features.blogs.fortune.cnn.com ...
He. Needs to contact his creditors ASAP and demand they raise his debt ceiling. And he can promise to cut his budget by $10 dollars during the next 10 years.
Well said. Actions have consequences, something apparently the former “great” Mr. Woods never learned, I have zero sympathy and even if he does come back, his name is forever tainted.
The two most celebrated black men in our culture are going down. Not because of racism but rather their own pi$$ poor behavior.
IMO, the media had a great deal to do with creating these two losers and NOW can't afford to let them fail.
No doubt about it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.