Tiger Woods can’t say no to sex but doesn’t have a problem turning down a multi-million dollar deal.
The disgraced golfer has lost millions in endorsements since his multiple-affairs scandal captivated the world and tarnished his once-stellar reputation. Advertising giants Gatorade, AT&T, Gillette and Swiss watch-maker Tag Heuer have cancelled contracts with Woods, costing the cheating golfer enough money to fill a sand trap.
But despite the huge losses, Woods, 34, has rejected a $75 million dollar sponsorship deal with bookies Paddy Power because the deal wasn’t lucrative enough.
Paddy Power’s PR Manager Ken Robertson said: “We’re a huge international brand, with one of the biggest betting networks in the world.
“We made a very generous offer to Tiger, who is a huge brand himself, but unfortunately his management company IMG have told us the offer has been rejected.
“I must say I was shocked that such a big offer was turned down, but we’ve not given up just yet.
“We’re planning to make a bigger offer soon, in the hope of tempting Tiger to join us.”
Prior to the scandal, Woods reportedly earned about $110 million a year in endorsements — the most lucrative being a $30 million deal with Nike who remains committed to the golf icon.
Reports estimate that Woods stands to lose around $150 million in personal earnings including; $110 million in advertising income, $23 million in tournament prize money and $17 million in appearance fees.
The $75 million dollar deal sure sounds pretty lucrative when facing losses like that!