Luxury Swiss watch maker Tag Heuer ended a $10m sponsorship with the former World No.1golfer, according to Golf World, when his contract expired.
The contract is believed to be worth more than $10m and is another financial blow to Woods as the Swiss firm is the sixth major sponsor to drop him following scandals about his personal life. Woods has already lost Gillette, Gatorade, Accenture, AT&T and Golf Digest as sponsors.
The series of allegations in his personal life was reported to have cost Woods more than $25m in sponsorship deals.
Other major sponsors, including Nike and EA Sports, have stood by the sportsman, however golf websites reported that Woods has had his sponsorship pay cut by Nike failing to win any major tournament in the last two years.
Woods is still estimated to be worth about $500 million but since his personal life became public almost two years ago he has not won a single tournament.
Woods attempt at a comeback this week following a three-month injury lay-off due to a knee and Achilles knocks at the WGC-Bridgestone Invitational in Akron, Ohio did not go well, with Woods finishing in tied 37th.
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