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Is Tiger Woods running out of money?
Fortune ^ | July 15, 2011 | Daniel Roberts

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 ...


TOPICS: News/Current Events
KEYWORDS: tigerwoods
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To: Huntress

“a golf green with a few holes”
Crappola,
It has many greens and holes to practice from and the pools? Oh the pools.
I regularly fly along Jupiter Island.
This is about the finest spread of the rather stuffy island.


21 posted on 07/16/2011 8:36:18 PM PDT by Joe Boucher ((FUBO))
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To: vette6387

I do think you need medical help, such hate is not healthy.


22 posted on 07/16/2011 8:36:51 PM PDT by org.whodat
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To: fightinJAG

It reminds me of Tom Selleck in the flick “Mr. Baseball” doing commercials for a Japanese energy drink: “BIG HIT - HAPPY BODY!”


23 posted on 07/16/2011 8:52:05 PM PDT by Tucker39
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To: fightinJAG
Tigger, has a mortgage... how much does a house have to cost that a multi-hundred millionaire like him has an outstanding loan???
24 posted on 07/16/2011 8:55:25 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: fightinJAG

Why doesn’t he endorse Tiger Balm?


25 posted on 07/16/2011 8:56:01 PM PDT by OrangeHoof (Obama: The Dr. Kevorkian of the American economy.)
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To: org.whodat

“When you are bored enough to wonder about this crap you have already picked all of the lint out of your navel. “

I was always taught not to go picking at my navel, lest I spring a leak and go flying about the room.


26 posted on 07/16/2011 8:56:18 PM PDT by USMCPOP (Father of LCpl. Karl Linn, KIA 1/26/2005 Al Haqlaniyah, Iraq)
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To: Parley Baer

He can always become a greeter at one of the Las Vegas Casinos.”

I hear some of the Wal-Marts are also looking for greeters.


27 posted on 07/16/2011 8:57:43 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
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To: vette6387
Exactly, but I truly hope he dies penniless. He’s not a sports hero, he’s a POS.

I've seen a thousand or more useless, evil, meaningless, inane, asinine comments on FR....but yours is now my all time pathetic statement.....please get a handle on your emotions......you are nuts

28 posted on 07/16/2011 9:03:50 PM PDT by terycarl
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To: fightinJAG

What is it about sports hero’s?

They earn lots of money, blow it all, and live on the cheap for the rest of their lives.

George Foreman built a second life on his grill:

Maybe Woods can develop a new pants fly opener!


29 posted on 07/16/2011 9:05:05 PM PDT by Noob1999
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To: Mr. Mojo
With a messed up knee, messed up head, and a bunch of young, very talented competition who aren't the least bit intimidated by him now on tour, that scenario is unlikely.

Agreed. The young guns on the Tour now view him as an old man whose skills are on the wane. Not just an old man, mind you...but a stupid one as well. The reason: none of Tiger's competitors have permitted their need for self-indulgence to cost them upwards of $1 billion.
30 posted on 07/16/2011 9:05:43 PM PDT by Milton Miteybad (I am Jim Thompson. {Really.})
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To: TwoSwords

I said it when he first got caught, he’s done. He wont catch Jack. Too many distractions and his age is now a problem. 5 more majors would be a miracle.


31 posted on 07/16/2011 9:06:29 PM PDT by PA-RIVER
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To: PA-RIVER

I don’t disagree. People who haven’t had knee problems don’t understand. However, if he got the right orthotics he might be back to his old self. I don’t like him, personally, but he’s probably the best of all time. Has no weakness in his game. Worked his ass off to get there. Impressive person.


32 posted on 07/16/2011 9:13:13 PM PDT by TwoSwords (The Lord is a man of war, Exodus 15:3)
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To: OrangeHoof

I was just going to ask a previous poster, who said Tiger was just a Charlie Sheen wannabe, what product they BOTH could endorse that would make sense and be mutually beneficial. YOU have given me an idea with the brilliant
Tiger Balm-—it would be a jar of Tiger Balm with BOTH their pictures on it. The motto on the jar would be

TIGER BALM——now with BLOOD!


33 posted on 07/16/2011 9:18:12 PM PDT by supremedoctrine ("uncurtaining the night,I'd let dark glass/hang all the furniture above the grass." -Nabokov)
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To: Huntress; jessduntno; onedoug; cincinnati65; PISANO; IonImplantGuru; Rummyfan; Aussie Dasher; ...

When you look at that debt service and his lack of performance, I can see the problem.


34 posted on 07/16/2011 9:27:49 PM PDT by Baynative (Are you a Free Republic monthly donor yet? If not, why?)
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To: PA-RIVER; Milton Miteybad

It started even before he got caught, at the 2009 PGA Championship. Eldrick had a 2-shot lead over Y.E. Yang going into the final round, and lost the tourney by 3 (to Y.E.). The first time he’d ever blown a major in the final around, and it was to the guy he was playing with. Lost his aura of (near) invincibility after that. Three months later, personal disaster struck.

Yep, the chance of him catching Jack’s record is pretty close to ...jack. Way too much working against him.


35 posted on 07/16/2011 9:27:58 PM PDT by Mr. Mojo
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To: fightinJAG
Woods took out a $54.5 million mortgage on his home

Warren Buffett or the late Sam Walton would not be too impressed.

36 posted on 07/16/2011 9:38:23 PM PDT by tflabo ( to have been selected)
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To: vette6387

Okay with me if this happens. He is scum!


37 posted on 07/16/2011 9:39:29 PM PDT by rawhide
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To: Mr. Mojo

“Yep, the chance of him catching Jack’s record is pretty close to ...jack. Way too much working against him.”

Give me some odds. I’ll propose a bet.


38 posted on 07/16/2011 9:39:58 PM PDT by Rembrandt (.. AND the donkey you rode in on.)
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To: Baynative

I wonder why the lender lent him that much in the first place. Unless they have liens on some other collateral as well.


39 posted on 07/16/2011 9:40:27 PM PDT by Huntress ("Politicians exploit economic illiteracy." --Walter Williams)
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To: Rembrandt

4 more majors to catch Nicklaus, 5 to beat him. Even under the best of conditions for Eldrick, that could take many years. And the conditions, as I outlined, are disastrous — aging fast, lost confidence, swing problems, torn up knee, and stiffer competition. And probably steroid withdrawal to boot.

You think he’ll catch him? Fine, then we’ll make gentlemen’s bet. But it’ll probably be at least 10 years before we know who won. ...if either of us remembers by then.


40 posted on 07/16/2011 9:56:53 PM PDT by Mr. Mojo
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