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Tiger loses sponsor

(China Daily)
Updated: 2009-12-10 09:35

OCOEE, Fla: In a sign of the potential financial fallout for the first billionaire sportsman - who gets an estimated 90 percent of his income from endorsements - it was reported Tiger Woods had lost his contract with Gatorade in the wake of the scandal.

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The sports drink maker told AFP the decision to end the two-year-old contract had been taken several months ago but that could not be confirmed.

Tiger's biggest sponsor Nike last week issued a statement saying it was standing by the sports star but the number of his alleged mistresses has since soared into the double digits.