We all know Tiger Woods means a lot to the sport of golf, so what happens when he’s injured and doesn’t play?! There’s a loss of a lot of money — and I mean A LOT. Check this out…
Via BleacherReport:
Tiger Woods will return to the course at some point, but his recent departure due to injury has some considering what a game devoid of its most iconic figure might do to ratings and the sport’s finances. According to one estimate, the doom and gloom is worth a reported $15 billion.
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Sens spoke with an expert who attempted to quantify what a blow like this would mean to golf over the long term, though:
According to Brad Adgate, senior vice president and director of research for Horizon Media, a New York-based media services company, the 25-30 percent ratings drop we’re accustomed to seeing at Tiger-free events threatens to translate into similar percentage losses across the board.
Adgate and other analysts say it’s impossible to a put a precise price tag on Tiger’s absence. But if we do the math and arrive at a ballpark number in a golf industry valued at around $68.8 billion, it pencils out at roughly $15 billion. Gulp!
(Story Continues…)
