Blog Entry

Tiger's 'serenity' sounds like insanity

Posted on: February 10, 2011 10:59 am
Edited on: February 10, 2011 12:41 pm
 
If you thought Tiger Woods was being overpaid this week merely to play in Dubai, sit down and duct-tape yourself to your chair.

For Woods, who is being paid a reported $3 million to play this week in the Dubai Desert Classic as part of a multi-year contract that was signed before his well-chronicled sex scandal of last year, that's chump change.

The Arabian Business Journal, which claimed it had seen actual documents and contracts, says Woods was paid $55 million before he even touched a shovel or drafting pencil as part of a design and promotional deal for a now-defunct course he supposedly designed in Dubai.

Nobody at IMG is denying it. The U.K. paper the Guardian asked his agent, Mark Steinberg, if he wanted to comment on the staggering figures contained in the report, and Steinberg declined.

For the sake of comparison, for an established architect like Jack Nicklaus, a $2 million fee is considered at the high end of the scale as compensation for designing a new course.

The Al Ruwaya project, as it was dubbed, was doomed from the start, a casualty of the real estate bust that has seen property values drop by 50 percent in the Dubai area. Last week, the developer of the Woods project pulled the plug and said the half-dozen holes that were completed -- no homes were ever erected -- would likely be allowed to return to a natural desert state.

Insert joke here: Al Ruwaya translates to "serenity," and for Woods' bank account, that has certainly been the case.

Gee, hard to believe that a once cash-rich region that forked over this type of money to a player who has never completed an actual course design would now be struggling financially. huh?

http://www.arabianbusiness.com/reve
aled-tiger-woods-paid-55-4m-for-fai
led-dubai-golf-resort-379679.html
Category: Golf
Comments

Since: Aug 2, 2009
Posted on: February 14, 2011 1:55 pm
 

Tiger's 'serenity' sounds like insanity

Looks like the joke is on the UAE. Should have spent that money on their own countrymen.



Since: Oct 16, 2007
Posted on: February 13, 2011 4:12 pm
 

Tiger's 'serenity' sounds like insanity

Great point ROBOCOP. Those jerkoffs pissing away billions of dollars on these asinine ideas make me sick. I know its their money to do with what they want, but JEEZ, couldn't they donate even abit to some of the poor buggers in other areas of that region?



Since: Oct 29, 2010
Posted on: February 13, 2011 10:18 am
 

Tiger's 'serenity' sounds like insanity

Tiger is loved there and if someone wants to give him this kind of money even though he has not designed before then so be it.  Anyone of us would have taken the money the only difference is that we didnt he tiger did.  Haters stop hating it will be ok. U.A.E have been overpaying for things for years now nothing new



Since: Feb 12, 2009
Posted on: February 12, 2011 8:51 pm
 

Tiger's 'serenity' sounds like insanity

So who do you think you are getting hosed by.  The oil companies and speculators in the oil market have costed you more than anyone in the arab world.  Get wise and get informed.


Patty2
Since: Sep 16, 2010
Posted on: February 11, 2011 4:56 pm
This comment has been removed.

Post Deleted by Administrator




Since: Aug 21, 2006
Posted on: February 10, 2011 7:02 pm
 

Tiger's 'serenity' sounds like insanity

obscene is the most apposite word but you can't blame Tiger for this one 



Since: Oct 19, 2009
Posted on: February 10, 2011 4:41 pm
 

Tiger's 'serenity' sounds like insanity

Hey, it's the American Way....get the money up front. not Tiger's fault their economy tanked (see US housing market).  He is an icon over there and will continue to make good. Too bad, I would've liked to see the course when it was finished.




Since: Sep 4, 2010
Posted on: February 10, 2011 1:54 pm
 

Tiger's 'serenity' sounds like insanity

Well guess the money he lost on endorsements has been recouped!  Elling, get jealous much?




Since: Feb 15, 2008
Posted on: February 10, 2011 1:23 pm
 

Tiger's 'serenity' sounds like insanity

"and now they have us by the balls because of OPEC"

Uhh who are the stupid ones again?



Since: Feb 15, 2008
Posted on: February 10, 2011 1:20 pm
 

Tiger's 'serenity' sounds like insanity

Robocoop1, so now they have "us" by the balls? And who are the stupid ones again?


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