Tuesday, December 15, 2009

The Demise of Brand Tiger

Plenty has been written and said about Tiger Woods and his current challenges, but the one thing that I've been curious about throughout is whether his sponsors will stay with him.

Certainly there has been no better pitchman in sports or maybe in general since Michael Jordan retired from basketball. Tiger was identified by Corporate America while still a child and as he grew into adulthood, his name quickly equalled dollar signs for the likes of Nike, Titleist, Gillette, Electronic Arts, General Mills and Buick among many others.

The list of companies doing business with Tiger practically reads like a 'Who's Who' of corporate America. We at Geiger are even in on this act -- though in a very small way. Sanmar, our top wearables supplier, contracts with Tiger via Nike. We can sell you 'Tiger Woods' brand golf apparel because of that relationship -- not that I'll be recommending those items to any of you anytime soon.

Brand Tiger is in a heap of trouble and this past weekend one of those major sponsors, the global consulting firm, Accenture, officially cut ties with him. I would imagine that more may be following suit.

What I find really interesting is that Woods has not 'come clean' so to speak, in the manner that David Letterman did immediately following his recent transgression. Given that Tiger has world class handlers, it leads me to speculate that possibly there's too much there to come clean about. And if that's the case, then how long can these corporations afford to have their brands associated with him?

If I had to guess, the two companies likely stick with Tiger the longest will be Nike and Acushnet, the makers of Titleist golf balls. Nike because of what they have invested in him and because they've dealt with pro athletes for decades. Their brand may also be a bit more resistant to the bad stuff associated with an athlete's off the field activities. And Acushnet only because Tiger IS golf, and is arguably the greatest golfer of all time -- it's either Woods, Nicklaus, Hogan or Bobby Jones -- and personally I think it's Tiger.

But there are limits to the resiliency of any brand and I'm wondering whether this thing will eventually pass the point of no return for even those two companies.

It's fascinating, but not in a good way. The demise of Brand Tiger is very much in play and that's something I would never have thought possible.

Just think of what it took to create that brand....all the work Tiger put in to become the greatest golfer of his era, the incredible, off the charts performances that helped create the Tiger legend, the time and money that these major corporations all devoted to make Tiger's brand what had been up till mid November of this year. All of that could be flushed down the drain because of Tiger's alleged problems.

I guess it's proof that no brand is indestructible. And the marketing lesson that I take from all this is that a brand - any brand - has a certain degree of fragility, and needs to be fiercely protected at all times.

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