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Monday, December 14, 2009

Accenture ends sponsorship deal with Tiger Woods

Scandal-hit golfing superstar Tiger Woods has lost his sponsorship deal with Accenture. The consulting firm ended the deal saying the golfer, accused of cheating on his wife with several women, is "no longer the right representative" after the "circumstances of the last two weeks."

Meanwhile, razor company Gillette has also said that it is "limiting" the sportsman's marketing role, reports The Telegraph. Also, AT&T is "evaluating" its contract with Woods.

Speculators believe Woods can suffer losses of an estimated 66 million pounds in income if he is dropped by sponsors, over the course of a year. Woods has decided to take an "indefinite" break from professional golf in a bid to save his marriage.

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