Tiger Woods returns free Cadillacs after he was in a car accident that spawned a huge scandal. The Tiger Woods scandal has cost the golfer a lot – not just his free Cadillacs.Â Remember, it was an Escalade that he crashed in a neighbor’s yard on November 27th.Â
What’s going to happen to that free vehicle? GM is going to fix it and – get this – sell it.Â There’s no telling what that vehicle will eventually sell for!
For those that think the scandal is the cause of the golfer having to return free Cadillacs, you may not be exactly right.Â The deal with Cadillac to supply Tiger Woods with free cars ended back in 2008, but they allowed him to keep the vehicles.
As of December 31, 2009 Tiger was requested to give back all the free Cadillacs.
It’s not like he can’t afford to go out and buy a car for himself!
Tiger’s lost a lot because of this scandal.Â Accenture and AT&T have dropped their sponsorships.Â Gatorade dropped the “Tiger Focus” line of beverages – although they claim that decision was made months prior to the beginning of the scandal.
Tag Heuer and Gillette have scaled back their use of the golfer in their marketing.Â “Golf Digest” suspended Woods’ column until he returns to professional golf.
Nike and EA Sports have both kept in tune with their original agreements with him, despite a study by two UC Davis professors that indicates thatÂ Tiger Woods sponsors’ investors have lost around 12 billion in wealth because of the scandal. Â
Returning free Cadillacs is the least of Tiger Woods’ problems.Â The golfer could be facing a divorce which could cost him half his wealth.