
Tiger Woods' hiatus leaves a hole in the marketing playbook of Nike, others.
Larry Woodard-New York
Tiger Woods has a 155 foot mega yacht built by Christensen Shipyards. Tiger named this oversized luxury yacht, commonly called the Hull 026, Privacy. The bow wake of large freighters has been known to reach as high as eight to nine feet putting boats behind them in peril. The news that Tiger is stepping away from golf, just 4 short of Jack Nicklaus’s major record to save his marriage; has stunned his advertisers. Real life Tiger is not reacting the way we believed he would. He didn’t come out and talk to the world. He didn’t explain himself. He didn’t blame the media or lash out at the world. He may not have even listened to his handlers. Instead by all appearances he seems to desperately trying to deal with his inexcusable behavior and repair the most important relationships –those with his family. How will his advertisers cope?
It has been an unbelievably rapid descent for Woods. From allegations of an affair with one woman reported by tabloid newspaper The National Enquirer a little over two weeks ago, to an early morning single auto car crash with Tiger at the wheel last week, to the discovery of a Pandora’s box, engraved with Eldrick Tiger Woods’ full name and filled with cocktail waitresses, escorts and even a prostitute; by early in the week, it was obvious this was not a nightmare but a straight up, wide awake, public relations disaster.
Nothing Tiger has done in his career to date has been the easy or expected. When we were introduced to his prodigious talent as an amateur we expected him to win. But as he become a professional and easily continued his winning ways, we began to understand he was truly special. His popularity has helped him become one of the most well paid pitchmen of all times. Now as he takes this unexpected hiatus from the game he reinvented we are left with many questions. When will he be back? How will the business of golf air without its star? What will sponsors do? What part did the media play and did it overstep its bounds?
Advertisers will forge ahead bravely and try to see what they can salvage of their sales forecasts without the help of their main engine. Nike road Tiger’s popularity into golf and now is one of the biggest players in golf equipment and apparel with annual sales in excess of $600 million. They will lead the group of Tiger Sponsors in lighting daily candles until Tiger returns. There simply is no one on the horizon with his wide appeal. Golf will take a big hit in interest and for the time being go back to being the elitist niche sport of the pre-Tiger era.
Tiger’s sponsors can be put into two categories. Those who will have to scramble to salvage their sales and marketing plans: in addition to Nike that group contains Accenture and EA Sports. The second category overtly uses Tiger but because of their target and broad-based marketing will suffer less: this group contains Gatorade, Gillette, AT&T, Tag Heuer and Upper Deck.
The media will point fingers at itself until the next ambulance comes flying down the street with its sirens blaring and a barefooted celebrity hanging out the back. The public will be split between those who are growing increasingly ravenous to eat its celebrities and those who had had enough the day after the crash.
Tiger on the golf course has shown an unmatched ability to take a game where many things can’t be controlled such as the weather and the lie of the ball and somehow make everything work o his advantage. Golfers the world over believe golf mirrors life. Tiger can only hope so. Advertisers hope so. Many golf fans do as well.
I predict Tiger will be back. New Tiger will be changed like Moses after the mountain experience. He will better understand his mortality and his place in the world. He will savor his time on the field of play and recognize it is a blessing and a privilege. He will be a better endorser because he will no longer be invincible and that will make his success even more appreciated and revered.
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