Tiger Woods - the cost of infidelity

By Staff Writer
Tiger Woods is in the spotlight but not for his sporting prowess this time. There have been numerous allegations of infidelity made and the world media has been following all the juicy revelations. The count of alleged affairs is going up all the time and it looks like there may be some truth to them. Without getting into the morality of it all there will be some cost involved to him. A celebrity sex scandal makes for plenty of interest but it is often not the right sort of interest. So what can Tiger expect to lose?

 

  • Lucrative sponsorship deals
  • Family stability
  • Cash for alimony payments

 

Breaking up a family is never fun, and there are a bunch of associated costs that come with it. If his wife leaves him over the allegations he can expect to have to pay for both her and his children. When children are involved it becomes worse as they are his legal dependents even if he is no longer living with them. Now Tiger Woods is a seriously wealthy man and it may not bankrupt him, but he will be paying for these indiscretions for a long time to come. Let's hope that he has enough in his savings accounts to cover the damage.

He has already lost a sponsorship deal, and whilst the company that has withdrawn its support says it has nothing to do with the infidelity allegations, that the sponsorship withdrawal was in the pipeline for a long time, this may just be a way of saving face. It is entirely possible that he may lose further sponsorships. Tiger Woods made the bulk of his fortune in sponsorships rather than match winnings, it would be like you losing your job and being left with your hobby income. A sex scandal can seriously damage your budget plan.

Recent Articles

Featured What are the benefits of living in a “Zoom Town”?

With many careers moving online, work-from-home employees have realised they can live in smaller suburbs or towns at a lower cost and enjoy the benefits of a slower lifestyle, while keeping their jobs.

You can’t cash cheques anymore in South Africa – we find out why

In November 2020, the South African Reserve Bank (SARB) announced that cheques would be discontinued from 1 January 2021. But what guided this decision? We have a look at what the pitfalls have been of using cheques, and the consequences of removing them from the payment system.

The perks of investing in student accommodation

With the constant influx of new students entering tertiary institutions, there’s usually a steady demand for student accommodation. As an investor who’s interested in the property market, should you consider student accommodation?

Are you financially secure enough to buy your first home?

When you buy your first home, you need to make sure you’re in a secure financial position so that you can stay afloat in spite of your increased financial responsibility. But are you aware of all the costs you’ll have to carry?

Deals

Rouge Day Spa Tuesday Special

Price: Available on request
When: Tuesdays
Where: Cape Town

Monte Vista Two Nights Special

Price: Available on request
When: Until 31 December 2021
Where: Montagu

Century City Hotel 4 Nights Special

Price: From R1100
When: Until 31 January 2021
Where: Cape Town


Latest Guide

Guide to debt rehabilitation solutions