In a move that could cost millions of dollars to the networks that air golf tournaments that Tiger Woods usually plays in, Woods announced today that he is taking "an indefinite break from professional golf."
Golf tournaments in which Woods plays usually have much higher ratings than those in which he doesn’t play. The higher the ratings the more money advertisers are willing to pay to advertise during the event.
Woods made the announcement in a statement on his website, www.tigerwoods.com. For the first time since the Thanksgiving scandal broke, Woods used the words "my infidelity" publicly to describe his behavior.
Here is the entire statement Woods posted on his Website:
Tiger Woods taking hiatus from golf
By Tiger Woods
I am deeply aware of the disappointment and hurt that my infidelity has caused to so many people, most of all my wife and children. I want to say again to everyone that I am profoundly sorry and that I ask forgiveness. It may not be possible to repair the damage I’ve done, but I want to do my best to try.
I would like to ask everyone, including my fans, the good people at my foundation, business partners, the PGA Tour, and my fellow competitors, for their understanding. What’s most important now is that my family has the time, privacy, and safe haven we will need for personal healing.
After much soul searching, I have decided to take an indefinite break from professional golf. I need to focus my attention on being a better husband, father, and person.
Again, I ask for privacy for my family and I am especially grateful for all those who have offered compassion and concern during this difficult period.#
–reported by Chuck Ross