CNBC reports that this means Woods could have lost between $23 million and $30 million in endorsement income last year. The estimate is based on IMG charging Woods a fee of between 15 per cent and 20 per cent on endorsement deals it secures. CNBC says this is what the agency usually charges its clients, but it does not know if this is the actual level of fee being charged to Woods.
Woods lost deals with sponsors Accenture and AT&T in December 2009, after the scandal about his extra-marital affairs broke. He lost his deal with Gatorade in February this year.
The document was part of a presentation to would-be investors in IMG that CNBC's source claims was successfully used to raise between $300 million and $350 million to refinance current debt and seek new acquisitions. The news agency said that IMG would not publicly comment on the document.
